[Federal Register Volume 84, Number 78 (Tuesday, April 23, 2019)]
[Notices]
[Page 16838]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-08168]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Information Collection Activity; Comment Request

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Rural Business-Cooperative Service (RBS) invites comments on this 
information collection for which RUS intends to request approval from 
the Office of Management and Budget (OMB).

DATES: Comments on this notice must be received by June 24, 2019.

FOR FURTHER INFORMATION CONTACT: Thomas P. Dickson, Rural Development 
Innovation Center--Regulatory Team 2, USDA, 1400 Independence Avenue 
SW, STOP 1522, Room 5164, South Building, Washington, DC 20250-1522. 
Telephone: (202) 690-4492. Email [email protected].

SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB) 
regulation (5 CFR 1320) implementing provisions of the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13) requires that interested members 
of the public and affected agencies have an opportunity to comment on 
information collection and recordkeeping activities (see 5 CFR 
1320.8(d)). This notice identifies an information collection that RUS 
is submitting to OMB for extension.
    Comments are invited on: (a) 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; (b) the accuracy of the Agency'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: Thomas 
P. Dickson, Rural Development Innovation Center--Regulatory Team 2, 
USDA, 1400 Independence Avenue SW, STOP 1522, Room 5164, South 
Building, Washington, DC 20250-1522. Telephone: (202) 690-4492. Email 
[email protected].
    Title: Guaranteed Loanmaking and Servicing Regulations.
    OMB Number: 0570-0069.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: The Business & Industry Guaranteed Loan Program is 
authorized under Section 310B of the Consolidated Farm and Rural 
Development Act (7 U.S.C. 1926) to banks and other approved lenders to 
finance private businesses located in rural areas. The guaranteed loan 
program encourages lender participation and provides specific guidance 
in the processing and servicing of guaranteed loans. The regulations 
governing the Business & Industry Guaranteed Loan Program are codified 
at 7 CFR 4279. The required information, in the form of written 
documentation and Agency approved forms, is collected from applicants/
borrowers, their lenders, and consultants. The collected information 
will be used to determine applicant/borrower eligibility, project 
feasibility, and to ensure borrowers operate on a sound basis and use 
loan funds for authorized purposes. Failure to collect proper 
information could result in improper determinations of eligibility, 
improper use of funds, and/or unsound loans.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 13 hours per response.
    Respondents: Business or other for profit; Not-for-profit 
institutions; State, Local or Tribal government.
    Estimated Number of Respondents: 3,000.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 38,359 hours.
    Copies of this information collection can be obtained from Thomas 
P. Dickson, Rural Development Innovation Center--Regulatory Team 2, 
USDA, 1400 Independence Avenue SW, STOP 1522, Room 5164, South 
Building, Washington, DC 20250-1522. Telephone: (202) 690-4492. Email 
[email protected]. All responses to this notice will be 
summarized and included in the request for OMB approval. All comments 
will also become a matter of public record.

Bette B. Brand,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 2019-08168 Filed 4-22-19; 8:45 am]
BILLING CODE 3410-XY-P