Fsa-85-1

This form is available electronically.

FSA-85-1 U.S. Department of Agriculture (03-26-03) Farm Service Agency Reporting and Recordkeeping Requirements

1. OMB No.

0560-NEW

2. Title of Clearance

Direct Loan Servicing - Regular Page 1

3.

4.

5.

6.

7.

Annual Burden on the Public (Col. 8 x 9=10 and Col. 10 x 11=12)

Description (Title of Form, Report or Record)

Report

Record

Form No.

Regulation Part/Sec.

8.

9.

10.

11.

12. Total Burden Hours

No. of Respondents

No. of Reports Filed Per Person

Total Annual Responses

Average Time to Respond

Exempt

Non-Exempt

Notification of approval and borrower responsibilities

2025 (Farmer)

765.403; 766.204

654

1

654

20

216

Agreement for disposition of security/release of proceeds

 

 

2040 (Farmer)

765.302

40,930*

1

40,930

20

     

13,507

Update of agreement for dispsition/release of proceeds

 

 

2040 (Farmer)

765.302

15,349

2

30,698

10

     

5,219

Application for partial release, subordination/consent

 

 

2060 (Farmer)

765.205; 765.206

10,407

.67

6,989

30

     

3,495

Cancelling undisbursed loan funds

 

 

2425 (Farmer)

765.152 (b)(7)

548*

1

548

10

     

93

Temporary amendment-consent to payment of proceeds from sale

2450 (Business)

765.302 (d)

550*

1

550

10

94

Assignment, acceptance/release for wool and mohair/borrower

 

 

2465 (Farmer)

765.305 (b)

20

1

20

10

     

3

Assignment, acceptance/release for wool and mohair/broker

 

 

2465 (Business)

765.305 (b)

20*

1

20

10

     

3

Transfer of real estate security/borrower

 

 

2476 (Farmer)

765.401 (b)

450

1

450

15

     

113

Transfer of real estate security/transferee

 

 

2476 (Farmer)

765.401 (b)

450*

1

450

15

     

113

Assumption agreement

 

 

2489 (Farmer)

765.401 (a)(2)

600*

1

600

20

     

198

Lenders’ loan underwriting standards

WE (Business)

765.101 (a)

586*

1

586

20

193

Lender review of borrower's prospectus

 

 

WE (Business)

765.101 (d)

1,672*

4

6,688

30

     

3,344

Lender response to borrower's prospectus

 

 

WE (Business)

765.101 (e)

1,254

4

5,016

10

     

853

Borrower documentation of inability to graduate

 

 

WE (Farmer)

765.101

5,007*

1

5,007

5

     

401

SUTOTALS

50,363*

99,206

27,845

TOTALS 

This form is available electronically.

FSA-85-1 U.S. Department of Agriculture (03-26-03) Farm Service Agency Reporting and Recordkeeping Requirements

1. OMB No.

0560-NEW

2. Title of Clearance

Direct Loan Servicing - Regular Page 2

3.

4.

5.

6.

7.

Annual Burden on the Public (Col. 8 x 9=10 and Col. 10 x 11=12)

Description (Title of Form, Report or Record)

Report

Record

Form No.

Regulation Part/Sec.

8.

9.

10.

11.

12. Total Burden Hours

No. of Respondents

No. of Reports Filed Per Person

Total Annual Responses

Average Time to Respond

Exempt

Non-Exempt

Lender documentation of borrower's inability to graduate

 

 

WE (Business)

765.101

1,672

2.99

5,007

10

     

851

Borrower request for refund of overpayment

 

 

WE (Farmer)

765.155 (c)

20*

1

20

15

     

5

Creditor consent to second subordination

 

 

WE (Business)

765.205 (c)

182*

1

182

10

     

31

Assignment of insurance proceeds from 2nd subordination

 

 

WE (Farmer)

765.202 (c)

182

1

182

10

     

31

Operating plan for agency to consent to junior lien

 

 

WE (Farmer)

765.206 (b)(2)

740

1

740

10

     

126

Junior lienholder agreement

 

 

WE (Business)

765.206 (b)(4)

740

1

740

10

     

126

Borrower request for severance agreement

 

 

WE (Farmer)

765.207

280

1

280

10

     

48

Request to lease security - copy of lease

 

 

WE (Farmer)

765.251, 765.252

350

1

350

20

     

116

Request to cease operating security - copy of lease

 

 

WE (Farmer)

765.251, 765.253

350

1

350

30

     

175

Borrower request for lienholder consent to use proceeds 

 

 

WE (Farmer)

765.301, 765.303

391

2.5

978

10

     

166

Lienholder consent to use proceeds

 

 

WE (Business)

765.301, 765.303

978*

1

978

15

     

245

Borrower request to use proceeds from timber, gravel,

 

 

WE (Farmer)

765.351 (b)(2)

98

2.5

245

10

     

42

Lienholder consent to use timber, gravel, etc., proceeds

 

 

WE (Business)

765.351 (b)(2)

245*

1

245

15

     

61

Borrower assignment of proceeds from timber, etc. to agency

 

 

WE (Farmer)

765.351(b)(2)

98

1

98

15

     

25

     

 

 

     

     

     

    

     

     

     

     

SUBTOTALS

 

 

     

     

1,425*

    

10,395

     

     

2,048

TOTALS 

This form is available electronically.

FSA-85-1 U.S. Department of Agriculture (03-26-03) Farm Service Agency Reporting and Recordkeeping Requirements

1. OMB No.

0560-NEW

2. Title of Clearance

Direct Loan Servicing - Regular Page 3

3.

4.

5.

6.

7.

Annual Burden on the Public (Col. 8 x 9=10 and Col. 10 x 11=12)

Description (Title of Form, Report or Record)

Report

Record

Form No.

Regulation Part/Sec.

8.

9.

10.

11.

12. Total Burden Hours

No. of Respondents

No. of Reports Filed Per Person

Total Annual Responses

Average Time to Respond

Exempt

Non-Exempt

Borrower request to exchange real estate property

 

 

WE (Farmer)

765.351 (e)

10

1

10

10

     

2

Sale of real estate - copy of contract for deed

 

 

WE (Farmer)

765.351 (d)

10

1

10

10

     

2

Request of obligated party to withdraw

 

 

WE (Farmer)

765.406 (b)

500*

1

500

30

     

250

     

 

 

     

     

     

    

     

     

     

     

Travel time     

 

 

     

     

     

    

     

     

     

30,730

* Denotes unduplicated respondents

 

 

     

     

    

     

     

     

     

SUBTOTALS

500*

520

30,984

TOTALS 

52,288*

     

110,121

     

60,877