[Federal Register Volume 84, Number 100 (Thursday, May 23, 2019)]
[Notices]
[Page 23756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10769]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
May 20, 2019.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
are required regarding; whether the collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility; the
accuracy of the agency's estimate of burden including the validity of
the methodology and assumptions used; ways to enhance the quality,
utility and clarity of the information to be collected; and 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 regarding this information collection received by June 24,
2019 will be considered. Written comments should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), New Executive Office Building,
725 17th Street NW, Washington, DC 20502. Commenters are encouraged to
submit their comments to OMB via email to: [email protected]
or fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Copies of the submission(s)
may be obtained by calling (202) 720-8958.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Farm Service Agency
Title: 7 CFR 764, Direct Loan Making.
OMB Control Number: 0560-0237.
Summary of Collection: The Farm Loan Program (FLP) in the Farm
Service Agency (FSA) provides loans to family farmers to purchase real
estate and equipment and finance agricultural production. The
regulation as specified in 7 CFR 764 covered by this collection
describes the policies and procedures the agency uses to provide
supervised credit to FLP applicants requesting direct loan assistance
in accordance with the provisions of the Consolidated Farm and Rural
Development Act (CONTACT) (Pub. L. 87-128), as amended. Direct loan
making information collection requirements include financial and
production records of the operation, as well as information necessary
to obtain liens on collateral, provide evidence of the indebtedness,
and ensure repayment of the loan.
Need and Use of the Information: Information is submitted by the
applicants to the local agency office serving the county in which their
business is headquartered. The information is necessary to thoroughly
evaluate the applicant's request for a direct loan and is used by
agency officials to: (1) Ensure that cash flow projections used in
determining loan repayment are based on the actual production history
of the operation, (2) Ensure that a loan is adequately secured; (3)
Ensure the applicant meets the statutorily established program
eligibility requirements; and (4) Obtain assignment on income or sales
proceeds, when appropriate, to ensure timely repayment of the loans.
Since the agency is mandated to provide supervised credit, failure to
collect the information, or collecting it less frequently, could result
in the failure of the farm operation or loss of agency security
property.
Description of Respondents: Business or other for-profit; Farms.
Number of Respondents: 184,871.
Frequency of Responses: Reporting: On occasion; Annually.
Total Burden Hours: 280,094.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2019-10769 Filed 5-22-19; 8:45 am]
BILLING CODE 3410-05-P