[Federal Register Volume 74, Number 206 (Tuesday, October 27, 2009)]
[Notices]
[Page 55182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-25680]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCY: Rural Housing Service, USDA.

ACTION: Proposed collection; comments requested.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Rural Housing Service's (RHS) intention to request 
an extension for a currently approved information collection in support 
of 7 CFR part 1951, subpart F, ``Analyzing Credit Needs and Graduation 
of Borrowers.''

DATES: Comments on this notice must be received on or before December 
28, 2009 to be assured consideration.

FOR FURTHER INFORMATION CONTACT: Derek L. Jones, Community Programs 
Loan Specialist, Rural Housing Service, U.S. Department of Agriculture, 
STOP 0787, 1400 Independence Ave., SW., Washington, DC 20250-0787, 
telephone (202) 720-1504, e-mail: [email protected].

SUPPLEMENTARY INFORMATION:
    Title: 7 CFR, part 1951, subpart F, ``Analyzing Credit Needs and 
Graduation of Borrowers''.
    OMB Number: 0575-0093.
    Expiration Date of Approval: January 31, 2010.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: Section 333 of the Consolidated Farm and Rural 
Development Act (Con Act) (7 U.S.C. 1983) requires the Agencies to 
``graduate'' their direct loan borrowers to other credit when they are 
able to do so. Graduation is required because the Government loans are 
not to be extended beyond a borrower's need for subsidized rates or 
Government credit. Borrowers must refinance their direct Government 
loan when other credit becomes available at reasonable rates and terms. 
If other credit is not available, the Agencies will continue to review 
the account for possible graduation at periodic intervals. The 
information collected to carry out these statutory mandates is 
financial data such as amount of income, operating expenses, asset 
values and liabilities. This information collection is then submitted 
by the Agencies to private creditors.
    Estimate of Burden: Public reporting for this collection of 
information is estimated to average 2 hours per response.
    Respondents: Individuals or households, business or other for-
profit and farms.
    Estimated Number of Respondents: 131.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Responses: 131.
    Estimated Total Annual Burden on Respondents: 185 hours.
    Copies of this information collection can be obtained from Linda 
Watts Thomas, Regulations and Paperwork Management Branch, at (202) 
692-0226.
    Comments: Comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the RHS, including whether the information will have 
practical utility; (b) the accuracy of the RHS's estimate of the burden 
of the proposed collection of information including the validity of the 
methodology and assumptions used; (c) ways to enhance the quality, 
utility and clarity of the information to be collected; and (d) ways to 
minimize the burden of the collection of information on those who are 
to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology. Comments may be sent to Linda 
Watts Thomas, Regulations and Paperwork Management Branch, Support 
Services Division, U.S. Department of Agriculture, Rural Development, 
STOP 0742, 1400 Independence Ave., SW., Washington, DC 20250. All 
responses to this notice will be summarized and included in the request 
of OMB approval. All comments will also become a matter of public 
record.

    Dated: October 13, 2009.
Tammye Trevi[ntilde]o,
Administrator, Rural Housing Service.
[FR Doc. E9-25680 Filed 10-26-09; 8:45 am]
BILLING CODE 3410-XV-P