[Federal Register Volume 78, Number 185 (Tuesday, September 24, 2013)]
[Notices]
[Pages 58516-58517]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-23227]


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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. The number of respondents and annual number of responses in 
this information collection has been adjusted to reflect the improved 
reporting ability for respondents and to correct some calculation 
errors in the previous information collection numbers. No additional 
forms, response actions, or time increases (other than travel time) 
were added as part of this revision.

DATES: We will consider comments that we receive by November 25, 2013.

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:
     Federal eRulemaking Portal: Go to: www.regulations.gov. 
Follow the online instructions for submitting comments.
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue, SW., Washington, DC 20250-0503.
    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.

[[Page 58517]]

    Expiration Date: 02/28/2014.
    Type of Request: Extension with a revision.
    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.
    The number of respondents and annual number of responses in this 
information collection has been adjusted to reflect the improved 
reporting ability for respondents and to correct some calculation 
errors in the previous information collection numbers. No additional 
forms, response actions, or time increases (other than travel time) 
were added as part of this revision.
    Estimate of Average Time to respond: 19 minutes per response. The 
average travel time, which is included in the total annual burden, is 
estimated to be 1 hour per respondent.
    Respondents: Individuals or households, businesses or other for 
profit farms
    Estimated Annual Number of Respondents: 52,765.
    Estimated Number of Reponses per Respondent: 1.98.
    Total Annual Responses: 104,518.
    Estimated Total Annual Burden Hours: 64,771. We are requesting 
comments on all aspects of this information collection 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 responses to this notice, including name and addresses when 
provided, will be summarized and included in the request for OMB 
approval. All comments will also become a matter of public record.

    Signed on September 17, 2013.
Juan M. Garica,
Administrator, Farm Service Agency.
[FR Doc. 2013-23227 Filed 9-23-13; 8:45 am]
BILLING CODE 3410-05-P