[Federal Register Volume 87, Number 140 (Friday, July 22, 2022)]
[Notices]
[Pages 43781-43782]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15650]


-----------------------------------------------------------------------

DEPARTMENT OF AGRICULTURE

Rural Housing Service

[Docket No. RHS-22-NONE-0013]


60-Day Notice of Proposed Information Collection: Analyzing 
Credit Needs and Graduation of Borrowers; OMB Control No.: 0575-0093

AGENCY: Rural Housing Service, USDA.

ACTION: Notice; request for comments.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, as 
amended, the United States Department of Agriculture (USDA), the Rural 
Housing Service (Agency) announces its' intention to request an 
extension of a currently approved information collection and invites 
comments on this information collection.

DATES: Comments on this notice must be received by September 20, 2022 
to be assured of consideration.

ADDRESSES: Comments may be submitted electronically by the Federal 
eRulemaking Portal: Go to http://www.regulations.gov and, in the 
``Search Field'' box, labeled ``Search for

[[Page 43782]]

Rules, Proposed Rules, Notices or Supporting Documents,'' enter the 
following docket number: (RHS-22-NONE-0013). To submit or view public 
comments, click the ``Search'' button, select the ``Documents'' tab, 
then select the following document title: (60-Day Notice of Proposed 
Information Collection: Analyzing Credit Needs and Graduation of 
Borrowers; OMB Control No.: 0575-0093) from the ``Search Results'' and 
select the ``Comment'' button. Before inputting your comments, you may 
also review the ``Commenter's Checklist'' (optional). Insert your 
comments under the ``Comment'' title, click ``Browse'' to attach files 
(if available). Input your email address and select ``Submit Comment.''
    Information on using Regulations.gov, including instructions for 
accessing documents, submitting comments, and viewing the docket after 
the close of the comment period, is available through the site's 
``FAQ'' link.
    Other Information: Additional information about Rural Development 
and its programs is available on the internet at https://www.rd.usda.gov.
    All comments will be available for public inspection online at the 
Federal eRulemaking Portal (https://www.regulations.gov).

FOR FURTHER INFORMATION CONTACT: Crystal Pemberton, Management Analyst, 
Branch 1, Rural Development Innovation Center--Regulations Management 
Division, United States Department of Agriculture, 1400 Independence 
Avenue SW, South Building, Washington, DC 20250-1522. Telephone: 202-
260-8621. 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 the following information collection 
that the Agency is submitting to OMB as extension to an existing 
collection with Agency adjustment.
    Title: 7 CFR part 1951; subpart F, Analyzing Credit Needs and 
Graduation of Borrowers.
    OMB Control Number: 0575-0093.
    Expiration Date of Approval: November 30, 2022.
    Type of Request: Extension of a currently approved information 
collection.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 1 hours per response.
    Respondents: Public bodies, Not for Profits, or Indian Tribes.
    Estimated Number of Respondents: 437.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Hours per Response: 2.
    Estimated Total Annual Burden on Respondents: 884.
    Abstract: Section 333 of the Consolidated Farm and Rural 
Development Act (CONACT) (7 U.S.C. 1983) requires the Agencies to 
graduate their direct loan borrowers to other credit when possible. 
Graduation is required because the Government loans are not to be 
extended beyond a borrower's need for subsidized rates or Government 
credit. Borrowers must refinance their direct Government loan when 
other credit becomes available at reasonable rates and terms. If other 
credit is not available, the Agencies will continue to periodically 
review the account for possible graduation intervals. The information 
collected to carry out these statutory mandates is financial data such 
as amount of income, operating expenses, asset values and liabilities. 
This information collection is then submitted by the Agencies to 
private creditors. The reporting burden covered by this collection of 
information consists of forms, documents and written burden to support 
a request for funding for analyzing credit needs and graduation of 
borrowers.
    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.
    Copies of this information collection can be obtained from Crystal 
Pemberton, Rural Development Innovation Center--Regulations Management 
Division, at 202-260-8621. 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.

Joaquin Altoro,
Administrator, Rural Housing Service.
[FR Doc. 2022-15650 Filed 7-21-22; 8:45 am]
BILLING CODE 3410-XV-P