|
|
|
|
Reports |
Total Annual |
Est. No. of |
Est. Total |
|
Total |
3-Year Average |
3-Year Average |
3-Year Average |
| NOFA |
|
Form No. |
Est. No. of |
Filed |
Responses |
Man hours |
Man-hours |
Wage |
Cost |
|
|
|
| Reference |
Title |
(if Any) |
Respondents |
Annually |
(D) x (E) |
Per Response |
(F) x (G) |
Class |
(H) x (I) |
Annual |
Est Total |
Cost |
|
|
|
|
|
|
|
|
|
|
Responses |
Man-Hours |
|
| (A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
|
|
|
| REPORTING REQUIREMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Agency and lender conference |
written |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (b)(1) |
Construction reports - quarterly |
|
23 |
4 |
92 |
4.00 |
368 |
$60 |
$22,080 |
31 |
123 |
$7,360 |
| (b)(4) |
Notifications |
|
23 |
1 |
23 |
1.08 |
25 |
$60 |
$1,490 |
8 |
8 |
$497 |
| (b)(5) |
Annual report if lender receives final loss report |
|
6 |
1 |
6 |
0.16 |
1 |
$60 |
$58 |
2 |
0 |
$19 |
| Sec. J |
LOAN APPLICATIONS |
|
0 |
|
|
|
|
|
|
0 |
|
|
|
Application Narrative - New Construction |
written |
43 |
1 |
43 |
22.00 |
946 |
$60 |
$56,760 |
14 |
315 |
$18,920 |
|
Application Narrative - Retrofit |
|
27 |
1 |
27 |
18.00 |
486 |
$60 |
$29,160 |
9 |
162 |
$9,720 |
| (b)(6) |
Request for Environmental Information |
RD 1940-20 [0575-0094] |
70 |
1 |
70 |
2.00 |
140 |
$60 |
$8,400 |
23 |
47 |
$2,800 |
| (b)(7)(i) |
Personal credit reports |
written |
14 |
1 |
14 |
1.00 |
14 |
$60 |
$840 |
5 |
5 |
$280 |
| (b)(7)(ii) |
Commercial credit reports |
written |
70 |
1 |
70 |
1.00 |
70 |
$60 |
$4,200 |
23 |
23 |
$1,400 |
| (b)(8) |
Appraisal reports |
written |
70 |
1 |
70 |
2.00 |
140 |
$60 |
$8,400 |
23 |
47 |
$2,800 |
| (b)(9) |
Financial Statements - Construction |
written |
43 |
1 |
43 |
9.00 |
387 |
$60 |
$23,220 |
14 |
129 |
$7,740 |
| (b)(9) |
Financial Statements - Retrofit |
written |
27 |
1 |
27 |
9.00 |
243 |
$60 |
$14,580 |
9 |
81 |
$4,860 |
| (b)(10) |
Lender credit quality analysis, including certification |
written |
70 |
1 |
70 |
2.00 |
140 |
$60 |
$8,400 |
23 |
47 |
$2,800 |
| (b)(11) |
Proposed loan agreement or sample loan agreement |
written |
70 |
1 |
70 |
2.00 |
140 |
$60 |
$8,400 |
23 |
47 |
$2,800 |
| (b)(13), (d), and (e) |
Feasibility Studies - Construction |
written |
43 |
1 |
43 |
48.00 |
2,064 |
$70 |
$144,480 |
14 |
688 |
$48,160 |
| (b)(13), (d), and (e) |
Feasibility Studies - Retrofit |
written |
27 |
1 |
27 |
40.00 |
1,080 |
$70 |
$75,600 |
9 |
360 |
$25,200 |
| Sec. N |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - ORIGINATION |
|
|
|
|
|
|
|
|
|
|
|
| (d) |
Construction Planning and Performing Development |
written |
23 |
1 |
23 |
8.00 |
184 |
$60 |
$11,040 |
8 |
61 |
$3,680 |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
|
| (b) |
Loan classification |
written |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (c) |
Insurance requirements |
assignment |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (d) |
Financial reports - quarterly |
written |
23 |
4 |
92 |
2.00 |
184 |
$60 |
$11,040 |
31 |
61 |
$3,680 |
| (d) |
Audited Financial reports - annually |
|
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (e)(1) |
Requirements after construction, periodic reports |
written |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (f) |
Release of collateral |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (g) |
Loan transfer and assumption |
written |
0 |
1 |
0 |
8.00 |
0 |
$60 |
$0 |
0 |
0 |
$0 |
| (h) |
Subordination of lien position |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
4 |
8 |
$480 |
| (i) |
Repurchase from holder |
written |
6 |
1 |
6 |
2.50 |
15 |
$60 |
$900 |
2 |
5 |
$300 |
| (j) |
Additional loans |
|
6 |
1 |
6 |
1.00 |
6 |
$60 |
$360 |
2 |
2 |
$120 |
| (l) |
Protective advances |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (m)(3) |
Liquidation plan |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (m)(6) |
Acceleration |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (m)(8) |
Accounting and reports |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
|
| (e) |
Interest rate change |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (i) |
Conditions precedent to issuance of guarantee |
written |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (j) |
Issuance of the guarantee |
written |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (k) |
Refusal to execute loan note guarantee |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
0 |
0 |
$0 |
| (l) |
Replacement of document |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (m) |
Alterations to loan instruments |
|
0 |
1 |
0 |
1.00 |
0 |
$60 |
$0 |
0 |
0 |
$0 |
| (n)(1) |
Changes in borrower |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
0 |
0 |
$0 |
| (n)(2) |
Transfer of lenders |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
0 |
0 |
$0 |
| (n)(3) |
Substitution of lender |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (o) |
Sale or assignment of guarantee |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
1 |
2 |
$120 |
| (s) |
Termination of guarantee |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| __ |
Certification for contracts, grants, and loans," 7 CFR 3018.110, if loan exceeds $150,000 |
RD 1940-Q, Exhibit A-2 |
23 |
1 |
23 |
0.25 |
6 |
$60 |
$345 |
8 |
2 |
$115 |
|
Subtotal |
|
|
|
1,075 |
|
7,099 |
|
$457,353 |
358 |
2,366 |
$152,451 |
| REPORTING REQUIREMENTS - FORMS |
|
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
|
| (b)(2) |
Guaranteed Loan Status Report |
RD 1980-41 [0570-0016] |
23 |
4 |
92 |
1.00 |
92 |
$60 |
$5,520 |
31 |
31 |
$1,840 |
| (b)(3) |
Guaranteed loan delinquent status borrower |
RD 1980-44 [0570-0016] |
5 |
12 |
60 |
2.00 |
120 |
$60 |
$7,200 |
20 |
40 |
$2,400 |
| Sec. J |
LOAN APPLICATIONS |
|
0 |
|
|
|
|
|
|
|
|
|
| (b)(5) |
Application for a loan guarantee |
RD 4279-1 [0570-0017] |
70 |
1 |
70 |
4.00 |
280 |
$60 |
$16,800 |
23 |
93 |
$5,600 |
| (b)(5) |
Disclosure of Lobbying Activities |
SF LLL [00348-0046] |
70 |
1 |
70 |
0.16 |
11 |
$60 |
$672 |
23 |
4 |
$224 |
| (b)(5) |
Certification Regarding Debarment, Suspension & Other Resp. Matters-Primary Covered Trans. |
AD-1047 or in writing |
70 |
1 |
70 |
0.25 |
18 |
$60 |
$1,050 |
23 |
6 |
$350 |
| (b)(5) |
Equal Opportunity Agreement |
RD 400-1 [0575-0018] |
70 |
1 |
70 |
0.16 |
11 |
$60 |
$672 |
23 |
4 |
$224 |
| (b)(5) |
Assurance Agreement |
RD 400-4 [0575-0018] |
70 |
1 |
70 |
0.25 |
18 |
$60 |
$1,050 |
23 |
6 |
$350 |
| Sec. L |
LOAN APPROVAL AND OBLIGATING FUNDS |
|
|
|
|
|
|
|
|
0 |
0 |
$0 |
| (b) |
Conditional Commitment |
RD 4279-3 [0570-0017] |
23 |
1 |
23 |
1.50 |
35 |
$60 |
$2,070 |
8 |
12 |
$690 |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
|
| (g)(2)(viii) |
Loan Note Guarantee report of loss |
RD 449-30 [0575-0137] |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
2 |
4 |
$240 |
| (m)(9) |
Lender's Guaranteed loan payment to USDA |
RD 1980-43 [0575-0137] |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
$0 |
| (a) |
Lender's Agreement |
RD 4279-4 [0570-0017] |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (j)(1)(iii) |
Guaranteed loan closing report |
RD 1980-19 [0575-0137] |
23 |
1 |
23 |
2.00 |
46 |
$60 |
$2,760 |
8 |
15 |
$920 |
| (j)(2)(i) |
Assignment guaranteed agreement |
RD 4279-6 [0570-0017] |
23 |
1 |
23 |
0.33 |
8 |
$60 |
$455 |
8 |
3 |
$152 |
|
Subtotal |
|
|
|
623 |
|
741 |
|
$44,489 |
208 |
247 |
$14,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand Total |
|
|
|
1,698 |
|
7,840 |
|
$501,842 |
566 |
2,613 |
$167,281 |
| /? |
Number |
Hours per item |
Rate |
Cost |
|
| Application for loan guarantees |
|
|
|
|
|
| Review/ack applications |
23 |
23 |
40.41 |
$21,377 |
B&I 4279-B had 20 hours; B&I 4287-B also had 3 hours for financial statement reviews, which were added here |
| Subtotal |
|
|
|
$21,377 |
|
| (d)(1) |
|
|
|
|
|
| Loan Origination Activities |
|
|
|
|
|
| Approve loans and obligate funds |
23 |
8 |
40.41 |
$7,435 |
8 hours is from B&I 4279-B |
| Review documents and issue guarantee |
23 |
6 |
40.41 |
$5,577 |
6 hours is from B&I 4279-B |
| Preparation of Conditional Commitmet for Guarantee |
23 |
2 |
40.41 |
$1,859 |
|
| Preparation of Lender's Agreement |
23 |
1 |
40.41 |
$929 |
|
| Preparation of Assignment Guarantee Agreement |
23 |
1 |
40.41 |
$929 |
|
| Subtotal |
|
|
|
$16,730 |
|
|
|
|
|
|
|
| Loan Servicing Activities |
|
|
|
|
|
| Replacement of documents |
2 |
3 |
40.41 |
$242 |
3 hours is from B&I 4279-A |
| Subordinations |
4 |
2 |
40.41 |
$323 |
2 hours is from B&I 4287-B |
| Litigation and appeals |
2 |
16 |
40.41 |
$1,293 |
|
| Liquidation plan |
2 |
3 |
40.41 |
$242 |
3 hours is from B&I 4287-B |
| Release of collateral |
2 |
2 |
40.41 |
$162 |
2 hours is from B&I 4287-B |
| Secondary market activities |
4 |
1 |
40.41 |
$162 |
|
| Quarterly Construction Reports |
31 |
2 |
40.41 |
$2,505 |
|
| Approval of alterations to loan instruments |
0 |
1 |
40.41 |
$0 |
|
| Reorganizations |
2 |
2 |
40.41 |
$162 |
|
| Transfers and assumptions |
0 |
20 |
40.41 |
$0 |
|
| Repurchases |
2 |
6 |
40.41 |
$485 |
|
| Additional expenditures |
2 |
2 |
40.41 |
$162 |
|
| Protective advances |
2 |
2 |
40.41 |
$162 |
|
| Review post construction reports |
8 |
1 |
40.41 |
$323 |
|
| Review annual report for lenders receiving final loss report |
2 |
2 |
40.41 |
$162 |
|
| Review annual audited financial reports |
8 |
2 |
40.41 |
$647 |
|
| Review quarterly financial reports |
31 |
2 |
40.41 |
$2,505 |
|
| Agency concurrence for interest rate increases |
2 |
8 |
40.41 |
$647 |
|
| Subtotal |
|
|
|
$10,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Oversight and Monitoring Activities |
|
|
|
|
|
| Review loan status reports |
31 |
3 |
40.41 |
$3,758 |
|
| Review default reports |
20 |
1 |
40.41 |
$808 |
|
| Lender visits |
8 |
4 |
40.41 |
$1,293 |
|
| Review notifications |
8 |
1 |
40.41 |
$323 |
|
| Subtotal |
|
|
|
$6,183 |
|
|
|
|
|
|
|
| Grand Total |
|
|
|
$54,473 |
|
|
Section |
BREAKOUT OF COSTS BY TYPE OF ENTITY |
PERCENT OF COSTS BY ENTITY |
|
| Title |
9003 |
|
Borrower |
Borrower |
Borrower |
|
|
|
Borrower |
Borrower |
Borrower |
|
|
|
|
Cost |
|
Private |
Private |
State/local |
Private |
State/Local |
|
Private |
Private |
State/local |
Private |
State/Local |
|
| (B) |
|
Lender |
Individual |
Not individ |
Tribal |
|
Tribal |
Lender |
Individual |
Not individ |
Tribal |
|
Tribal |
|
| Oversight and monitoring |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Agency and lender conference |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Construction reports - quarterly |
$7,360 |
$7,360 |
$0 |
$0 |
$0 |
$7,360 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Notifications |
$497 |
$497 |
$0 |
$0 |
$0 |
$497 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Annual report if lender receives final loss report |
$19 |
$19 |
$0 |
$0 |
$0 |
$19 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Applications |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Application Narrative - New Construction |
$18,920 |
$15,136 |
$378 |
$3,027 |
$378 |
$18,542 |
$378 |
80.00% |
2.00% |
16.00% |
2.00% |
98.00% |
2.00% |
Assumes 80% of total effort is associated with lender. |
| Application Narrative - Retrofit |
$9,720 |
$7,776 |
$194 |
$1,555 |
$194 |
$9,526 |
$194 |
80.00% |
2.00% |
16.00% |
2.00% |
98.00% |
2.00% |
Assumes 80% of total effort is associated with lender. |
| Request for Environmental Information |
$2,800 |
$2,800 |
$0 |
$0 |
$0 |
$2,800 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Personal credit reports |
$280 |
$280 |
$0 |
$0 |
$0 |
$280 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Commercial credit reports |
$1,400 |
$1,400 |
$0 |
$0 |
$0 |
$1,400 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Appraisal reports |
$2,800 |
$2,800 |
$0 |
$0 |
$0 |
$2,800 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Financial Statements - Construction |
$7,740 |
$7,740 |
$0 |
$0 |
$0 |
$7,740 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Financial Statements - Retrofit |
$4,860 |
$4,860 |
$0 |
$0 |
$0 |
$4,860 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Lender credit quality analysis, including certification |
$2,800 |
$2,800 |
$0 |
$0 |
$0 |
$2,800 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Proposed loan agreement or sample loan agreement |
$2,800 |
$2,800 |
$0 |
$0 |
$0 |
$2,800 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Feasibility Studies - Construction |
$48,160 |
$38,528 |
$963 |
$7,706 |
$963 |
$47,197 |
$963 |
80.00% |
2.00% |
16.00% |
2.00% |
98.00% |
2.00% |
Assumes 80% of total effort is associated with lender. |
| Feasibility Studies - Retrofit |
$25,200 |
$20,160 |
$504 |
$4,032 |
$504 |
$24,696 |
$504 |
80.00% |
2.00% |
16.00% |
2.00% |
98.00% |
2.00% |
Assumes 80% of total effort is associated with lender. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lender responsibilities - origination |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Construction Planning and Performing Development |
$3,680 |
$3,680 |
$0 |
$0 |
$0 |
$3,680 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lender responsibilities - servicing |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan classification |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Insurance requirements |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Financial reports - quarterly |
$3,680 |
$3,680 |
$0 |
$0 |
$0 |
$3,680 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Audited Financial reports - annually |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Requirements after construction, periodic reports |
$920 |
$46 |
$0 |
$699 |
$175 |
$745 |
$175 |
5.00% |
0.00% |
76.00% |
19.00% |
81.00% |
19.00% |
Assumes 5% of total effort is associated with lender. |
| Release of collateral |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Loan transfer and assumption |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Subordination of lien position |
$480 |
$480 |
$0 |
$0 |
$0 |
$480 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Repurchase from holder |
$300 |
$300 |
$0 |
$0 |
$0 |
$300 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Additional loans |
$120 |
$120 |
$0 |
$0 |
$0 |
$120 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Protective advances |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Liquidation plan |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Acceleration |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Accounting and reports |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Guarantee and loan provisions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate change |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Conditions precedent to issuance of guarantee |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Issuance of the guarantee |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Refusal to execute loan note guarantee |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Replacement of document |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Alterations to loan instruments |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Changes in borrower |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Transfer of lenders |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Substitution of lender |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Termination of guarantee |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Certification for contracts, grants, and loans," 7 CFR 3018.110, if loan exceeds $150,000 |
$115 |
$115 |
$0 |
$0 |
$0 |
$115 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FORMS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Guaranteed Loan Status Report |
$1,840 |
$1,840 |
$0 |
$0 |
$0 |
$1,840 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Guaranteed loan delinquent status borrower |
$2,400 |
$2,400 |
$0 |
$0 |
$0 |
$2,400 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Application for a loan guarantee |
$5,600 |
$1 |
$224 |
$1,792 |
$224 |
$2,017 |
$224 |
60.00% |
4.00% |
32.00% |
4.00% |
96.00% |
4.00% |
60% effort for lender based on DET GL rule estimate. |
| Disclosure of Lobbying Activities |
$224 |
$134 |
$9 |
$72 |
$9 |
$215 |
$9 |
60.00% |
4.00% |
32.00% |
4.00% |
96.00% |
4.00% |
|
| Certification Regarding Debarment, Suspension & Other Resp. Matters-Primary Covered Trans. |
$350 |
$210 |
$14 |
$112 |
$14 |
$336 |
$14 |
60.00% |
4.00% |
32.00% |
4.00% |
96.00% |
4.00% |
|
| Equal Opportunity Agreement |
$224 |
$134 |
$9 |
$72 |
$9 |
$215 |
$9 |
60.00% |
4.00% |
32.00% |
4.00% |
96.00% |
4.00% |
|
| Assurance Agreement |
$350 |
$210 |
$14 |
$112 |
$14 |
$336 |
$14 |
60.00% |
4.00% |
32.00% |
4.00% |
96.00% |
4.00% |
|
| LOAN APPROVAL AND OBLIGATING FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conditional Commitment |
$690 |
$690 |
$0 |
$0 |
$0 |
$690 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan Note Guarantee report of loss |
$240 |
$240 |
$0 |
$0 |
$0 |
$240 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Lender's Guaranteed loan payment to USDA |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lender's Agreement |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Guaranteed loan closing report |
$920 |
$920 |
$0 |
$0 |
$0 |
$920 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
| Assignment guaranteed agreement |
$152 |
$152 |
$0 |
$0 |
$0 |
$152 |
$0 |
100.00% |
0.00% |
0.00% |
0.00% |
100.00% |
0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subtotal |
|
|
|
|
|
|
|
82.43% |
1.53% |
13.78% |
2.26% |
97.74% |
2.26% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Grand Total |
$167,161 |
$139,829 |
$2,310 |
$19,179 |
$2,485 |
$161,317 |
$2,485 |
81.38% |
1.81% |
13.16% |
3.65% |
96.35% |
3.65% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assumptions: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| One application from a private individual entity; eight applications from private, not individual entities; and one application from State/local/tribal entity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| No guarantees to private individual; four guarantees to private, not individual entities; and one guarantee to State/local/tribal entity. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reports |
Total Annual |
Est. No. of |
Est. Total |
|
Total |
|
Section of |
| NOFA |
|
Form No. |
Est. No. of |
Filed |
Responses |
Man hours |
Man-hours |
Wage |
Cost |
|
Final 9006 |
| Reference |
Title |
(if Any) |
Respondents |
Annually |
(D) x (E) |
Per Response |
(F) x (G) |
Class |
(H) x (I) |
Comments |
Rule |
|
|
|
|
|
|
|
|
|
|
|
|
| (A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
|
(A) |
| REPORTING REQUIREMENTS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (a) |
Agency and lender conference |
written |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 152(a) |
| (b)(1) |
Construction reports - quarterly |
|
5 |
4 |
20 |
4.00 |
80 |
$60 |
$4,800 |
NEW |
|
| (b)(4) |
Notifications |
|
5 |
1 |
5 |
1.08 |
5 |
$60 |
$324 |
DET GL |
|
| (b)(5) |
Annual report if lender receives final loss report |
|
1 |
1 |
1 |
0.16 |
0 |
$60 |
$10 |
DET GL |
|
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
|
Application Narrative - New Construction |
written |
8 |
1 |
8 |
22.00 |
176 |
$60 |
$10,560 |
|
Sec. 128(b)(1) and Sec. 111(b) |
|
Application Narrative - Retrofit |
|
2 |
1 |
2 |
18.00 |
36 |
$60 |
$2,160 |
|
|
| (b)(6) |
Request for Environmental Information |
RD 1940-20 [0575-0094] |
10 |
1 |
10 |
2.00 |
20 |
$60 |
$1,200 |
|
Sec. 128(b)(2)(ii) |
| (b)(7)(i) |
Personal credit reports |
written |
2 |
1 |
2 |
1.00 |
2 |
$60 |
$120 |
|
Sec. 128(b)(2)(iii) |
| (b)(7)(ii) |
Commercial credit reports |
written |
10 |
1 |
10 |
1.00 |
10 |
$60 |
$600 |
|
Sec. 128(b)(2)(v) |
| (b)(8) |
Appraisal reports |
written |
10 |
1 |
10 |
2.00 |
20 |
$60 |
$1,200 |
|
Sec. 128(b)(2)(iv) |
| (b)(9) |
Financial Statements - Construction |
written |
8 |
1 |
8 |
9.00 |
72 |
$60 |
$4,320 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(9) |
Financial Statements - Retrofit |
written |
2 |
1 |
2 |
9.00 |
18 |
$60 |
$1,080 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(10) |
Lender credit quality analysis, including certification |
written |
10 |
1 |
10 |
2.00 |
20 |
$60 |
$1,200 |
|
Sec. 128(b)(2)(x) and (xi) |
| (b)(11) |
Proposed loan agreement or sample loan agreement |
written |
10 |
1 |
10 |
2.00 |
20 |
$60 |
$1,200 |
|
Sec. 128(b)(2)(xii) |
| (b)(13), (d), and (e) |
Feasibility Studies - Construction |
written |
8 |
1 |
8 |
48.00 |
384 |
$70 |
$26,880 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| (b)(13), (d), and (e) |
Feasibility Studies - Retrofit |
written |
2 |
1 |
2 |
40.00 |
80 |
$70 |
$5,600 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| Sec. N |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - ORIGINATION |
|
|
|
|
|
|
|
|
|
|
| (d) |
Construction Planning and Performing Development |
written |
5 |
1 |
5 |
8.00 |
40 |
$60 |
$2,400 |
|
Sec. 131(d) |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (b) |
Loan classification |
written |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 152(a) |
| (c) |
Insurance requirements |
assignment |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 113(a)-(b) |
| (d) |
Financial reports - quarterly |
written |
5 |
4 |
20 |
2.00 |
40 |
$60 |
$2,400 |
New |
|
| (d) |
Audited Financial reports - annually |
|
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
Audited portion is new |
Sec. 152(a) |
| (e)(1) |
Requirements after construction, periodic reports |
written |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 149(a) |
| (f) |
Release of collateral |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 152(c) |
| (g) |
Loan transfer and assumption |
written |
0 |
1 |
0 |
8.00 |
0 |
$60 |
$0 |
|
Sec. 152(f) |
| (h) |
Subordination of lien position |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 152(d) |
| (i) |
Repurchase from holder |
written |
1 |
1 |
1 |
2.50 |
3 |
$60 |
$150 |
|
Sec. 137 |
| (j) |
Additional loans |
|
1 |
1 |
1 |
1.00 |
1 |
$60 |
$60 |
DET GL |
|
| (l) |
Protective advances |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 155 |
| (m)(3) |
Liquidation plan |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 156 |
| (m)(6) |
Acceleration |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 156 |
| (m)(8) |
Accounting and reports |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (e) |
Interest rate change |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 152(b); Sec. 124(b) |
| (i) |
Conditions precedent to issuance of guarantee |
written |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 146 |
| (j) |
Issuance of the guarantee |
written |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 147 |
| (k) |
Refusal to execute loan note guarantee |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 148 |
| (l) |
Replacement of document |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 138 |
| (m) |
Alterations to loan instruments |
|
0 |
1 |
0 |
1.00 |
0 |
$60 |
$0 |
|
Sec. 152(e) |
| (n)(1) |
Changes in borrower |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 145 |
| (n)(2) |
Transfer of lenders |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 144 |
| (n)(3) |
Substitution of lender |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 153 |
| (o) |
Sale or assignment of guarantee |
written |
1 |
1 |
1 |
0.50 |
1 |
$60 |
$30 |
|
|
| (s) |
Termination of guarantee |
written |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 160 |
| __ |
Certification for contracts, grants, and loans," 7 CFR 3018.110, if loan exceeds $150,000 |
RD 1940-Q, Exhibit A-2 |
5 |
1 |
5 |
0.25 |
1 |
$60 |
$75 |
|
-- |
|
Subtotal |
|
|
|
187 |
|
1,121 |
|
$71,889 |
|
|
| REPORTING REQUIREMENTS - FORMS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (b)(2) |
Guaranteed Loan Status Report |
RD 1980-41 [0570-0016] |
5 |
4 |
20 |
1.00 |
20 |
$60 |
$1,200 |
|
Sec. 152(a) |
| (b)(3) |
Guaranteed loan delinquent status borrower |
RD 1980-44 [0570-0016] |
1 |
12 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 154 |
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
| (b)(5) |
Application for a loan guarantee |
RD 4279-1 [0570-0017] |
10 |
1 |
10 |
4.00 |
40 |
$60 |
$2,400 |
Add 15 minutes to base hours for additional detail on federal financial requests. So new total is 4.25 |
Sec. 128(a)(2)(i) |
| (b)(5) |
Disclosure of Lobbying Activities |
SF LLL [00348-0046] |
10 |
1 |
10 |
0.16 |
2 |
$60 |
$96 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Certification Regarding Debarment, Suspension & Other Resp. Matters-Primary Covered Trans. |
AD-1047 or in writing |
10 |
1 |
10 |
0.25 |
3 |
$60 |
$150 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Equal Opportunity Agreement |
RD 400-1 [0575-0018] |
10 |
1 |
10 |
0.16 |
2 |
$60 |
$96 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Assurance Agreement |
RD 400-4 [0575-0018] |
10 |
1 |
10 |
0.25 |
3 |
$60 |
$150 |
|
Sec. 128(b)(2)(i) |
| Sec. L |
LOAN APPROVAL AND OBLIGATING FUNDS |
|
|
|
|
|
|
|
|
|
|
| (b) |
Conditional Commitment |
RD 4279-3 [0570-0017] |
5 |
1 |
5 |
1.50 |
8 |
$60 |
$450 |
|
Sec. 143 |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (g)(2)(viii) |
Loan Note Guarantee report of loss |
RD 449-30 [0575-0137] |
1 |
1 |
1 |
2.00 |
2 |
$60 |
$120 |
|
Sec. 152(f)(4) |
| (m)(9) |
Lender's Guaranteed loan payment to USDA |
RD 1980-43 [0575-0137] |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (a) |
Lender's Agreement |
RD 4279-4 [0570-0017] |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 133 |
| (j)(1)(iii) |
Guaranteed loan closing report |
RD 1980-19 [0575-0137] |
5 |
1 |
5 |
2.00 |
10 |
$60 |
$600 |
|
Sec. 147(a)(3) |
| (j)(2)(i) |
Assignment guaranteed agreement |
RD 4279-6 [0570-0017] |
5 |
1 |
5 |
0.33 |
2 |
$60 |
$99 |
|
Sec. 134 |
|
Subtotal |
|
|
|
108 |
|
133 |
|
$8,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand Total |
|
|
|
295 |
|
1,254 |
|
$79,890 |
|
|
|
|
|
|
Reports |
Total Annual |
Est. No. of |
Est. Total |
|
Total |
|
Section of |
| NOFA |
|
Form No. |
Est. No. of |
Filed |
Responses |
Man hours |
Man-hours |
Wage |
Cost |
|
Final 9006 |
| Reference |
Title |
(if Any) |
Respondents |
Annually |
(D) x (E) |
Per Response |
(F) x (G) |
Class |
(H) x (I) |
Comments |
Rule |
|
|
|
|
|
|
|
|
|
|
|
|
| (A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
|
(A) |
| REPORTING REQUIREMENTS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (a) |
Agency and lender conference |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 152(a) |
| (b)(1) |
Construction reports - quarterly |
|
12 |
4 |
48 |
4.00 |
192 |
$60 |
$11,520 |
NEW |
|
| (b)(4) |
Notifications |
|
12 |
1 |
12 |
1.08 |
13 |
$60 |
$778 |
DET GL |
|
| (b)(5) |
Annual report if lender receives final loss report |
|
3 |
1 |
3 |
0.16 |
0 |
$60 |
$29 |
DET GL |
|
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
|
Application Narrative - New Construction |
written |
15 |
1 |
15 |
22.00 |
330 |
$60 |
$19,800 |
|
Sec. 128(b)(1) and Sec. 111(b) |
|
Application Narrative - Retrofit |
|
15 |
1 |
15 |
18.00 |
270 |
$60 |
$16,200 |
|
|
| (b)(6) |
Request for Environmental Information |
RD 1940-20 [0575-0094] |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(ii) |
| (b)(7)(i) |
Personal credit reports |
written |
6 |
1 |
6 |
1.00 |
6 |
$60 |
$360 |
|
Sec. 128(b)(2)(iii) |
| (b)(7)(ii) |
Commercial credit reports |
written |
30 |
1 |
30 |
1.00 |
30 |
$60 |
$1,800 |
|
Sec. 128(b)(2)(v) |
| (b)(8) |
Appraisal reports |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(iv) |
| (b)(9) |
Financial Statements - Construction |
written |
15 |
1 |
15 |
9.00 |
135 |
$60 |
$8,100 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(9) |
Financial Statements - Retrofit |
written |
15 |
1 |
15 |
9.00 |
135 |
$60 |
$8,100 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(10) |
Lender credit quality analysis, including certification |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(x) and (xi) |
| (b)(11) |
Proposed loan agreement or sample loan agreement |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(xii) |
| (b)(13), (d), and (e) |
Feasibility Studies - Construction |
written |
15 |
1 |
15 |
48.00 |
720 |
$70 |
$50,400 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| (b)(13), (d), and (e) |
Feasibility Studies - Retrofit |
written |
15 |
1 |
15 |
40.00 |
600 |
$70 |
$42,000 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| Sec. N |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - ORIGINATION |
|
|
|
|
|
|
|
|
|
|
| (d) |
Construction Planning and Performing Development |
written |
12 |
1 |
12 |
8.00 |
96 |
$60 |
$5,760 |
|
Sec. 131(d) |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (b) |
Loan classification |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 152(a) |
| (c) |
Insurance requirements |
assignment |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 113(a)-(b) |
| (d) |
Financial reports - quarterly |
written |
12 |
4 |
48 |
2.00 |
96 |
$60 |
$5,760 |
New |
|
| (d) |
Audited Financial reports - annually |
|
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
Audited portion is new |
Sec. 152(a) |
| (e)(1) |
Requirements after construction, periodic reports |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 149(a) |
| (f) |
Release of collateral |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 152(c) |
| (g) |
Loan transfer and assumption |
written |
0 |
1 |
0 |
8.00 |
0 |
$60 |
$0 |
|
Sec. 152(f) |
| (h) |
Subordination of lien position |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 152(d) |
| (i) |
Repurchase from holder |
written |
3 |
1 |
3 |
2.50 |
8 |
$60 |
$450 |
|
Sec. 137 |
| (j) |
Additional loans |
|
3 |
1 |
3 |
1.00 |
3 |
$60 |
$180 |
DET GL |
|
| (l) |
Protective advances |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 155 |
| (m)(3) |
Liquidation plan |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 156 |
| (m)(6) |
Acceleration |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 156 |
| (m)(8) |
Accounting and reports |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (e) |
Interest rate change |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 152(b); Sec. 124(b) |
| (i) |
Conditions precedent to issuance of guarantee |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 146 |
| (j) |
Issuance of the guarantee |
written |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 147 |
| (k) |
Refusal to execute loan note guarantee |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 148 |
| (l) |
Replacement of document |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 138 |
| (m) |
Alterations to loan instruments |
|
0 |
1 |
0 |
1.00 |
0 |
$60 |
$0 |
|
Sec. 152(e) |
| (n)(1) |
Changes in borrower |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 145 |
| (n)(2) |
Transfer of lenders |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 144 |
| (n)(3) |
Substitution of lender |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 153 |
| (o) |
Sale or assignment of guarantee |
written |
1 |
1 |
1 |
0.50 |
1 |
$60 |
$30 |
|
|
| (s) |
Termination of guarantee |
written |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 160 |
| __ |
Certification for contracts, grants, and loans," 7 CFR 3018.110, if loan exceeds $150,000 |
RD 1940-Q, Exhibit A-2 |
12 |
1 |
12 |
0.25 |
3 |
$60 |
$180 |
|
-- |
|
Subtotal |
|
|
|
505 |
|
3,111 |
|
$199,886 |
|
|
| REPORTING REQUIREMENTS - FORMS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (b)(2) |
Guaranteed Loan Status Report |
RD 1980-41 [0570-0016] |
12 |
4 |
48 |
1.00 |
48 |
$60 |
$2,880 |
|
Sec. 152(a) |
| (b)(3) |
Guaranteed loan delinquent status borrower |
RD 1980-44 [0570-0016] |
2 |
12 |
24 |
2.00 |
48 |
$60 |
$2,880 |
|
Sec. 154 |
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
| (b)(5) |
Application for a loan guarantee |
RD 4279-1 [0570-0017] |
30 |
1 |
30 |
4.00 |
120 |
$60 |
$7,200 |
Add 15 minutes to base hours for additional detail on federal financial requests. So new total is 4.25 |
Sec. 128(a)(2)(i) |
| (b)(5) |
Disclosure of Lobbying Activities |
SF LLL [00348-0046] |
30 |
1 |
30 |
0.16 |
5 |
$60 |
$288 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Certification Regarding Debarment, Suspension & Other Resp. Matters-Primary Covered Trans. |
AD-1047 or in writing |
30 |
1 |
30 |
0.25 |
8 |
$60 |
$450 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Equal Opportunity Agreement |
RD 400-1 [0575-0018] |
30 |
1 |
30 |
0.16 |
5 |
$60 |
$288 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Assurance Agreement |
RD 400-4 [0575-0018] |
30 |
1 |
30 |
0.25 |
8 |
$60 |
$450 |
|
Sec. 128(b)(2)(i) |
| Sec. L |
LOAN APPROVAL AND OBLIGATING FUNDS |
|
|
|
|
|
|
|
|
|
|
| (b) |
Conditional Commitment |
RD 4279-3 [0570-0017] |
12 |
1 |
12 |
1.50 |
18 |
$60 |
$1,080 |
|
Sec. 143 |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (g)(2)(viii) |
Loan Note Guarantee report of loss |
RD 449-30 [0575-0137] |
3 |
1 |
3 |
2.00 |
6 |
$60 |
$360 |
|
Sec. 152(f)(4) |
| (m)(9) |
Lender's Guaranteed loan payment to USDA |
RD 1980-43 [0575-0137] |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (a) |
Lender's Agreement |
RD 4279-4 [0570-0017] |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 133 |
| (j)(1)(iii) |
Guaranteed loan closing report |
RD 1980-19 [0575-0137] |
12 |
1 |
12 |
2.00 |
24 |
$60 |
$1,440 |
|
Sec. 147(a)(3) |
| (j)(2)(i) |
Assignment guaranteed agreement |
RD 4279-6 [0570-0017] |
12 |
1 |
12 |
0.33 |
4 |
$60 |
$238 |
|
Sec. 134 |
|
Subtotal |
|
|
|
285 |
|
341 |
|
$20,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand Total |
|
|
|
790 |
|
3,452 |
|
$220,320 |
|
|
| NOTE 1: |
Estimate of number of loans guaranteed. Available program funding level approximately $675 million. Average reconstruction = $25 million; new construction = $80 million or $120 million. Assumes 6 new construction projects are approved and 6 reconstruction projects are approved as follows: 6 reconstruction x $25 million plus 5 x $80 million plus 1 x $120 = $670 million. |
|
|
| NOTE 2: |
Estimate of number of applications. The program is better known in the second year, so more applications are anticipated. Because of economic conditions, it is anticipated that the ratio of new construction vs reconstruction will be closer to 50/50 than in year one. Assumed total number of applications will triple compared to year one. |
|
|
|
|
|
|
Reports |
Total Annual |
Est. No. of |
Est. Total |
|
Total |
|
Section of |
| NOFA |
|
Form No. |
Est. No. of |
Filed |
Responses |
Man hours |
Man-hours |
Wage |
Cost |
|
Final 9006 |
| Reference |
Title |
(if Any) |
Respondents |
Annually |
(D) x (E) |
Per Response |
(F) x (G) |
Class |
(H) x (I) |
Comments |
Rule |
|
|
|
|
|
|
|
|
|
|
|
|
| (A) |
(B) |
(C) |
(D) |
(E) |
(F) |
(G) |
(H) |
(I) |
(J) |
|
(A) |
| REPORTING REQUIREMENTS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (a) |
Agency and lender conference |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 152(a) |
| (b)(1) |
Construction reports - quarterly |
|
6 |
4 |
24 |
4.00 |
96 |
$60 |
$5,760 |
NEW |
|
| (b)(4) |
Notifications |
|
6 |
1 |
6 |
1.08 |
6 |
$60 |
$389 |
DET GL |
|
| (b)(5) |
Annual report if lender receives final loss report |
|
2 |
1 |
2 |
0.16 |
0 |
$60 |
$19 |
DET GL |
|
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
|
Application Narrative - New Construction |
written |
20 |
1 |
20 |
22.00 |
440 |
$60 |
$26,400 |
|
Sec. 128(b)(1) and Sec. 111(b) |
|
Application Narrative - Retrofit |
|
10 |
1 |
10 |
18.00 |
180 |
$60 |
$10,800 |
|
|
| (b)(6) |
Request for Environmental Information |
RD 1940-20 [0575-0094] |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(ii) |
| (b)(7)(i) |
Personal credit reports |
written |
6 |
1 |
6 |
1.00 |
6 |
$60 |
$360 |
|
Sec. 128(b)(2)(iii) |
| (b)(7)(ii) |
Commercial credit reports |
written |
30 |
1 |
30 |
1.00 |
30 |
$60 |
$1,800 |
|
Sec. 128(b)(2)(v) |
| (b)(8) |
Appraisal reports |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(iv) |
| (b)(9) |
Financial Statements - Construction |
written |
20 |
1 |
20 |
9.00 |
180 |
$60 |
$10,800 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(9) |
Financial Statements - Retrofit |
written |
10 |
1 |
10 |
9.00 |
90 |
$60 |
$5,400 |
To provide pro formas for life of the project, add 1 hour to base estimate. New total is now 9 hours |
Sec. 128(b)(1)((iii), Sec. 128(b)(2)(viii), and Sec. 111(b)(4) |
| (b)(10) |
Lender credit quality analysis, including certification |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(x) and (xi) |
| (b)(11) |
Proposed loan agreement or sample loan agreement |
written |
30 |
1 |
30 |
2.00 |
60 |
$60 |
$3,600 |
|
Sec. 128(b)(2)(xii) |
| (b)(13), (d), and (e) |
Feasibility Studies - Construction |
written |
20 |
1 |
20 |
48.00 |
960 |
$70 |
$67,200 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| (b)(13), (d), and (e) |
Feasibility Studies - Retrofit |
written |
10 |
1 |
10 |
40.00 |
400 |
$70 |
$28,000 |
breakout of all fed activity for received, denied, and withdrawn - 4 hours on average |
Sec. 128(b)(1)(vii) and Sec. 111(b)(8) |
| Sec. N |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - ORIGINATION |
|
|
|
|
|
|
|
|
|
|
| (d) |
Construction Planning and Performing Development |
written |
6 |
1 |
6 |
8.00 |
48 |
$60 |
$2,880 |
|
Sec. 131(d) |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (b) |
Loan classification |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 152(a) |
| (c) |
Insurance requirements |
assignment |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 113(a)-(b) |
| (d) |
Financial reports - quarterly |
written |
6 |
4 |
24 |
2.00 |
48 |
$60 |
$2,880 |
New |
|
| (d) |
Audited Financial reports - annually |
|
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
Audited portion is new |
Sec. 152(a) |
| (e)(1) |
Requirements after construction, periodic reports |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 149(a) |
| (f) |
Release of collateral |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 152(c) |
| (g) |
Loan transfer and assumption |
written |
0 |
1 |
0 |
8.00 |
0 |
$60 |
$0 |
|
Sec. 152(f) |
| (h) |
Subordination of lien position |
written |
4 |
1 |
4 |
2.00 |
8 |
$60 |
$480 |
|
Sec. 152(d) |
| (i) |
Repurchase from holder |
written |
2 |
1 |
2 |
2.50 |
5 |
$60 |
$300 |
|
Sec. 137 |
| (j) |
Additional loans |
|
2 |
1 |
2 |
1.00 |
2 |
$60 |
$120 |
DET GL |
|
| (l) |
Protective advances |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 155 |
| (m)(3) |
Liquidation plan |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 156 |
| (m)(6) |
Acceleration |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 156 |
| (m)(8) |
Accounting and reports |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (e) |
Interest rate change |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 152(b); Sec. 124(b) |
| (i) |
Conditions precedent to issuance of guarantee |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 146 |
| (j) |
Issuance of the guarantee |
written |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 147 |
| (k) |
Refusal to execute loan note guarantee |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 148 |
| (l) |
Replacement of document |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 138 |
| (m) |
Alterations to loan instruments |
|
0 |
1 |
0 |
1.00 |
0 |
$60 |
$0 |
|
Sec. 152(e) |
| (n)(1) |
Changes in borrower |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 145 |
| (n)(2) |
Transfer of lenders |
written |
0 |
1 |
0 |
2.00 |
0 |
$60 |
$0 |
|
Sec. 144 |
| (n)(3) |
Substitution of lender |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 153 |
| (o) |
Sale or assignment of guarantee |
written |
1 |
1 |
1 |
0.50 |
1 |
$60 |
$30 |
|
|
| (s) |
Termination of guarantee |
written |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 160 |
| __ |
Certification for contracts, grants, and loans," 7 CFR 3018.110, if loan exceeds $150,000 |
RD 1940-Q, Exhibit A-1 |
6 |
1 |
6 |
0.25 |
2 |
$60 |
$90 |
|
-- |
|
Subtotal |
|
|
|
383 |
|
2,862 |
|
$185,308 |
|
|
| REPORTING REQUIREMENTS - FORMS |
|
|
|
|
|
|
|
|
|
|
|
| Sec. E |
OVERSIGHT AND MONITORING |
|
|
|
|
|
|
|
|
|
|
| (b)(2) |
Guaranteed Loan Status Report |
RD 1980-41 [0570-0016] |
6 |
4 |
24 |
1.00 |
24 |
$60 |
$1,440 |
|
Sec. 152(a) |
| (b)(3) |
Guaranteed loan delinquent status borrower |
RD 1980-44 [0570-0016] |
2 |
12 |
24 |
2.00 |
48 |
$60 |
$2,880 |
|
Sec. 154 |
| Sec. J |
LOAN APPLICATIONS |
|
|
|
|
|
|
|
|
|
|
| (b)(5) |
Application for a loan guarantee |
RD 4279-1 [0570-0017] |
30 |
1 |
30 |
4.00 |
120 |
$60 |
$7,200 |
Add 15 minutes to base hours for additional detail on federal financial requests. So new total is 4.25 |
Sec. 128(a)(2)(i) |
| (b)(5) |
Disclosure of Lobbying Activities |
SF LLL [00348-0046] |
30 |
1 |
30 |
0.16 |
5 |
$60 |
$288 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Certification Regarding Debarment, Suspension & Other Resp. Matters-Primary Covered Trans. |
AD-1047 or in writing |
30 |
1 |
30 |
0.25 |
8 |
$60 |
$450 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Equal Opportunity Agreement |
RD 400-1 [0575-0018] |
30 |
1 |
30 |
0.16 |
5 |
$60 |
$288 |
|
Sec. 128(b)(2)(i) |
| (b)(5) |
Assurance Agreement |
RD 400-4 [0575-0018] |
30 |
1 |
30 |
0.25 |
8 |
$60 |
$450 |
|
Sec. 128(b)(2)(i) |
| Sec. L |
LOAN APPROVAL AND OBLIGATING FUNDS |
|
|
|
|
|
|
|
|
|
|
| (b) |
Conditional Commitment |
RD 4279-3 [0570-0017] |
6 |
1 |
6 |
1.50 |
9 |
$60 |
$540 |
|
Sec. 143 |
| Sec. O |
LENDER'S FUNCTIONS AND RESPONSIBILITIES - SERVICING |
|
|
|
|
|
|
|
|
|
|
| (g)(2)(viii) |
Loan Note Guarantee report of loss |
RD 449-30 [0575-0137] |
2 |
1 |
2 |
2.00 |
4 |
$60 |
$240 |
|
Sec. 152(f)(4) |
| (m)(9) |
Lender's Guaranteed loan payment to USDA |
RD 1980-43 [0575-0137] |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 156 |
| Sec. Q |
BASIC GUARANTEE AND LOAN PROVISIONS |
|
|
|
|
|
|
|
|
|
|
| (a) |
Lender's Agreement |
RD 4279-4 [0570-0017] |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 133 |
| (j)(1)(iii) |
Guaranteed loan closing report |
RD 1980-19 [0575-0137] |
6 |
1 |
6 |
2.00 |
12 |
$60 |
$720 |
|
Sec. 147(a)(3) |
| (j)(2)(i) |
Assignment guaranteed agreement |
RD 4279-6 [0570-0017] |
6 |
1 |
6 |
0.33 |
2 |
$60 |
$119 |
|
Sec. 134 |
|
Subtotal |
|
|
|
230 |
|
268 |
|
$16,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand Total |
|
|
|
613 |
|
3,129 |
|
$201,363 |
|
|
| NOTE 1: |
Estimate of number of loans guaranteed. Available program funding level approximately $450 million. Average reconstruction = $25 million; new construction = $80 million or $120 million. Assumes 4 new construction projects are approved and 2 reconstruction projects are approved as follows: 2 reconstruction x $25 million plus 2 x $80 million plus 2 x $120 = $450 million. |
|
|
| NOTE 2: |
Estimate of number of applications. The program is better known than in the first year, so more applications are anticipated. Because of the limited number of likely facilities that can apply, it is anticipated that the same number of applications will be received in year 3 as in year 2. Howevever, it is anticipated that the ratio of new construction vs reconstruction will increase because of more favorable economic conditions compared to year 2. |
|
|