[Federal Register Volume 72, Number 39 (Wednesday, February 28, 2007)]
[Notices]
[Pages 9021-9022]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 07-920]


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DEPARTMENT OF THE INTERIOR

Bureau of Indian Affairs


Loan Guaranty, Insurance and Interest Subsidy Program

AGENCY: Bureau of Indian Affairs, Interior.

ACTION: Notice of Submission of Information Collection to the Office of 
Management and Budget.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995, the 
Bureau of Indian Affairs (BIA) is submitting the information 
collection, titled 25 CFR 103, Loan Guaranty, Insurance, and Interest 
Subsidy Program, OMB Control Number 1076-0020 for renewal.

DATES: Submit comments on or before March 30, 2007.

ADDRESSES: You may submit comments on the information collection to the 
Desk Officer for Department of the Interior, by facsimile at (202) 395-
6566 or you may send an e-mail to: OIRA--DOCKET@ omb.eop.gov.
    Please send a copy of your comments to David Johnson, Acting 
Director, Division of Capital Investment, Office of Indian Energy and 
Economic Development, Department of the Interior, 1951 Constitution 
Avenue, NW., Mail Stop 20-SIB, Washington, DC 20240.

FOR FURTHER INFORMATION CONTACT: You may request further information or 
obtain copies of the information collection request submission from 
Woodrow B. Sneed, Financial Analyst, Division of Capital Investment, 
1951 Constitution Avenue, NW., Mail Stop 20-SIB, Washington, DC 20240 
or by telefacsimile at (202) 208-6512.

SUPPLEMENTARY INFORMATION: The purpose of the Loan Guaranty, Insurance, 
and Interest Subsidy Program, 25 U.S.C. 1481 et seq. and 25 U.S.C. 1511 
et seq., is to encourage private lending to individual Indians and 
organizations of Indians, by providing lenders with loan guaranties or 
loan insurance to reduce their potential risk. Lenders, borrowers, and 
the loan purpose all must qualify under Program terms. In addition, the 
Secretary of the Interior must be satisfied that there is a reasonable 
prospect that the loan will be repaid. BIA collects information under 
the regulations, 25 CFR 103, to assure compliance with Program 
requirements. BIA forms concerned with this regulation include: 5-4753 
Loan Guaranty Agreement, 5-4754 Loan Insurance Agreement, 5-4754a 
Notice of Insured Loan, 5-4755 Request to BIA for Loan Guaranty, Loan 
Insurance, and/or Interest Subsidy, 5-4749 BIA Interest Subsidy Report, 
5-4759 Assignment of Loan Documents and Related Rights, 5-4760a Notice 
of Default, and 5-4760b Claim for Loss. A request for comments on this 
information collection request appeared in the Federal Register on 
November 24, 2006 (71 FR 67895). No comments were received.

Request for Comments

    The Office of Indian Energy and Economic Development requests you 
to send your comments on this collection to the two locations listed in 
the ADDRESSES section. Your comments should address: (a) The necessity 
of this information collection for the proper performance of the 
functions of the agency, including whether the information will have 
practical utility; (b) the accuracy of the agency's estimate of the 
burden (hours and cost) of the collection of information, including the 
validity of the methodology and assumptions used; (c) ways we could 
enhance the quality, utility and clarity of the information to be 
collected; and (d) ways we could minimize the burden

[[Page 9022]]

of the collection of the information on the respondents, such as 
through the use of automated collection techniques or other forms of 
information technology.
    Please note that an agency may not sponsor or request, and an 
individual need not respond to, a collection of information unless it 
displays a valid OMB Control Number.
    Once this notice is published in the Federal Register, OMB has up 
to 60 days to make a decision on approving this collection but may 
decide after 30 days; therefore, your comments will receive maximum 
attention if sent within the 30 day period.
    OMB Approval Number: 1076-0020.
    Title: 25 CFR 103, Loan Guaranty, Insurance, and Interest Subsidy 
Program.
    Brief Description of Collection: The Loan Guaranty, Insurance, and 
Interest Subsidy Program (Program) was established by the Act of April 
12, 1974, as amended, 88 Stat. 79, 25 U.S.C. 1481 et seq. and 25 U.S.C. 
1511 et seq. The Program has existed since 1974 and the regulations 
implementing it have existed since 1975, with significant revision in 
2001. It is necessary to collect information from users of this program 
in order to determine eligibility and credit worthiness of Indian 
applicants for loans. Submission of this information is mandatory for 
respondent to receive or maintain a benefit.
    Type of Review: Renewal.
    Respondents: Commercial banks.
    Number of Respondents: 612.
    Number of Responses: 1,527.
    Estimated Time per Response: 2 hours.
    Frequency of Response: As needed.
    Total Annual Burden to Respondents: 3,054.

    Dated: February 23, 2007.
Debbie L. Clark,
Deputy Assistant Secretary--Indian Affairs (Management).
[FR Doc. 07-920 Filed 2-26-07; 12:05 pm]
BILLING CODE 4310-XN-P