[Federal Register Volume 88, Number 141 (Tuesday, July 25, 2023)]
[Notices]
[Pages 47844-47845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15640]


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 Notices
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 This section of the FEDERAL REGISTER contains documents other than rules 
 or proposed rules that are applicable to the public. Notices of hearings 
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  Federal Register / Vol. 88, No. 141 / Tuesday, July 25, 2023 / 
Notices  

[[Page 47844]]



DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

    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 August 
24, 2023 will be considered. Written comments and recommendations for 
the proposed information collection should be submitted within 30 days 
of the publication of this notice on the following website 
www.reginfo.gov/public/do/PRAMain. Find this particular information 
collection by selecting ``Currently under 30-day Review--Open for 
Public Comments'' or by using the search function.
    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: Servicing Minor Program Loans.
    OMB Control Number: 0560-0230.
    Summary of Collection: Section 331(b) of the Consolidated Farm and 
Rural Development Act (CONACT, 7 U.S.C. 1981(b)), in part, authorizes 
the Secretary of Agriculture to modify, subordinate and release terms 
of security instruments, leases, contracts, and agreements entered by 
FSA. The section also authorizes transfers of security property, as the 
Secretary deems necessary, to carry out the purpose of the loan or 
protect the Government's financial interest. Section 335 of the CONACT 
(7 U.S.C. 1985) provides servicing authority for real estate security, 
operation or lease of realty, disposition of property, conveyance of 
real property interest of the United States, easements, and 
condemnations. There are no changes to burden hours in the request. FSA 
announced 2 new forms may be needed for them to complete potential 
minor program servicing requests but no anticipated increase or 
decrease in usage for loans serviced under this program is expected.
    Need and Use of the Information: FSA will collect information 
related to a program benefit recipient or loan borrower requesting 
action on security they own, which was purchased with FSA loan funds, 
improved with FSA loan funds or has otherwise been mortgaged to FSA to 
secure a government loan. The information collected is primarily 
financial data, such as borrower's asset values, current financial 
information and public use and employment data. The information 
collection will be used solely by the Farm Loan Programs in FSA. 
Failure to obtain this information at the time of the request for 
servicing will result in rejection of the borrower's request.
    Description of Respondents: Farms; Individuals or households; 
Business or other-for-profit; Not-for-profit institutions; State. Local 
and Tribal Government.
    Number of Respondents: 58.
    Frequency of Responses: Reporting: On occasion; Annually.
    Total Burden Hours: 37.

Farm Service Agency

    Title: 7 CFR 765, Direct Loan Servicing--Regular.
    OMB Control Number: 0560-0236.
    Summary of Collection: FSA's Farm Loan Programs (FLP) 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 regular and 
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 for borrowers 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, partial release of security, or consent. Borrowers 
are required to provide financial information to determine graduation 
eligibility based on commercial lender standards provided to FSA.
    FSA is retiring form FSA-2060 ``Application for Partial Release, 
Subordination (Real or Personal), or Consent''. The form FSA-2061 
``Application for Partial Release or Consent,'' and form FSA-2062 
``Application for Subordination of Security for Commercial Credit'' are 
new forms; both new forms captured the information previously requested 
on the FSA-2001 and FSA-2060 that will replace the FSA-2060 and 
eliminating the need for FSA-2001 for regular and routine servicing 
requests.
    Need and Use of the Information: Information requested under this 
collection is submitted by borrowers to the local agency office serving 
the county in which their business is headquartered. The information is 
used by FLP to manage application of proceeds from the sale of agency 
security, consider whether a borrower is in compliance with their loan 
covenants, assist the borrower in achieving their business goals, 
conduct day-to-day management of the agency's loan portfolio, and 
ensure that the agency's interests are protected. Failure

[[Page 47845]]

to collect the information or collecting it less frequently could 
result in the failure of the farm operation or loss of agency security 
property or position.
    Description of Respondents: Business or other for-profit; farms.
    Number of Respondents: 94,768.
    Frequency of Responses: Reporting: On occasion; annually.
    Total Burden Hours: 30,638.

Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2023-15640 Filed 7-24-23; 8:45 am]
BILLING CODE 3410-05-P