[Federal Register Volume 82, Number 12 (Thursday, January 19, 2017)]
[Notices]
[Page 6484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-01071]



[[Page 6484]]

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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection Request; 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 requesting comments from all interested 
individuals and organizations on an 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 March 20, 2017.

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, (202) 720-6834.

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR part 765) Farm Loan Programs--Direct Loan Servicing--
Regular.
    OMB Number: 0560-0236.
    Expiration Date: 05/31/2017.
    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.
    FSA is requesting OMB approval on the estimated numbers, which are 
being provided currently in this request. The burden hours have been 
increased by 5,968 hours while the annual responses have reduced by 
6,531.
    For the following estimated total annual burden on respondents, the 
formula used to calculate the total burden hours is the estimated 
average time per responses multiplied by the estimated total annual of 
responses.
    Estimate of Average Time to Respond: Public reporting burden for 
collecting information under this notice is estimated to average 
0.84752 minutes per response, including the time for reviewing 
instructions, searching existing data sources, gathering and 
maintaining the data needed, and completing and reviewing the 
collection of information. The average travel time, which is included 
in the total annual burden, is estimated to be 1 hour per respondent.
    Type of Respondents: Business or other for profits and farms.
    Estimated Number of Respondents: 54,524.
    Estimated Average Number of Responses per Respondent: 1.78621.
    Estimated Total Annual Responses: 97,391.
    Estimated Average Time per Response: 0.84752.
    Estimated Total Annual Burden on Respondents: 82,541 hours.
    We are requesting comments on all aspects of this information 
collection to help us to:
    (1) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    (2) Evaluate the accuracy of the agency's estimate of burden of the 
collection of information including the validity of the methodology and 
assumptions used;
    (3) Evaluate the quality, utility and clarity of the information 
technology; and
    (4) Minimize the burden of the information collection on those who 
respond 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 where provided, will be made a matter of public record. 
Comments will be summarized and included in the request for OMB 
approval.

Val Dolcini,
Administrator, Farm Service Agency.
[FR Doc. 2017-01071 Filed 1-18-17; 8:45 am]
 BILLING CODE 3410-05-P