[Federal Register Volume 75, Number 84 (Monday, May 3, 2010)]
[Notices]
[Pages 23218-23219]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-10192]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Direct Loan Servicing--Regular

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on the extension with a revision of a 
currently approved information collection that supports Direct Loan 
Servicing-Regular programs. The information is used to determine 
borrower compliance with loan agreements, assist the borrower in 
achieving business goals, and regular servicing of the loan account 
such as graduation, subordination, partial release, and use of 
proceeds.

DATES: We will consider comments that we receive by July 2, 2010.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, and the OMB control 
number and the title of the information collection of this issue of the 
Federal Register. You may submit comments by any of the following 
methods:
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue, SW., Washington, DC 20250-0503.
     E-mail: [email protected].
     Fax: 202-690-0949.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm 
Service Agency, (202) 720-6834.

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR part 765) Farm Loan Programs--Direct Loan Servicing--
Regular.
    OMB Number: 0560-0236.
    Expiration Date: 11/30/2010.
    Type of Request: Extension of a currently approved information 
collection.

[[Page 23219]]

    Abstract: FSA's Farm Loan Programs provide loans to family farmers 
to purchase real estate and equipment, and finance agricultural 
production. Direct Loan Servicing--Regular, as specified in 7 CFR part 
765, provides the requirements related to routine servicing actions 
associated with direct loans. FSA is required to actively supervise its 
borrowers and provide credit counseling, management advice and 
financial guidance. Additionally, FSA must document that credit is not 
available to the borrower from commercial credit sources in order to 
maintain eligibility for assistance. Information collections 
established in the regulation are necessary for FSA to monitor and 
account for loan security, including proceeds derived from the sale of 
security, and to process a borrower's request for subordination or 
partial release of security. Borrowers are required to provide 
financial information to determine graduation eligibility based on 
commercial lender standards provided to FSA.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 52,288.
    Estimated Number of Responses per Respondent: 2.10.
    Total Annual Responses: 110,121.
    Estimated Total Annual Burden Hours: 60,877.
    We are requesting comments on all aspects of this information 
collection and to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of FSA, including whether the 
information will have practical utility;
    (2) Evaluate the accuracy of FSA's estimate of burden including the 
validity of the methodology and assumptions used;
    (3) Enhance the quality, utility and clarity of the information to 
be collected;
    (4) 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.
    All comments received in response to this notice, including names 
and addresses when provided, will be a matter of public record. 
Comments will be summarized and included in the submission for Office 
of Management and Budget approval.

    Signed at Washington, DC, on April 20, 2010.
Jonathan W. Coppess,
Administrator, Farm Service Agency.
[FR Doc. 2010-10192 Filed 4-30-10; 8:45 am]
BILLING CODE 3410-05-P