Farm Loan Programs - Direct Loan Servicing - Regular

Forms and Documents

Document Name	Status
Form FSA-2040 Farm Loan Programs - Direct Loan Servicing - Regular Form	Modified
Supporting_Statement_FY_2014.docx Supporting Statement A	2014-05-06
FSA-85-_Reporting_and_Recordkeeping_Requirements_20141.docx Supplementary Document	2014-02-04

IC Document Collections

IC ID	Document Title	Status
1566	Farm Loan Programs - Direct Loan Servicing - Regular Form	Modified

ICR Details

OMB Control No: 0560-0236	ICR Reference No: 201309-0560-002
Status: Historical Active	Previous ICR Reference No: 201305-0560-002
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - Direct Loan Servicing - Regular
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 05/16/2014
	Date Received in OIRA: 02/18/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2017	36 Months From Approved	05/31/2014
Responses	103,922	0	112,219
Time Burden (Hours)	76,573	0	63,545
Cost Burden (Dollars)	0	0	0

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Abstract: Information is used to determine borrower compliance with loan covenants, assist borrower in achieving their business goals, and regular servicing of loan account such as graduation, subordination, partial release, and use of proceeds.

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Authorizing Statute(s): US Code: 7 USC 1921 Name of Law: CONTACT
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 58516	09/24/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 32	02/18/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Farm Loan Programs - Direct Loan Servicing - Regular	FSA-2400-6 CA, FSA-2040, FSA-2060, FSA-2425, FSA-2450, FSA-2465, FSA-2476, FSA-2489, FSA-2025	Agreement for Disposition of Security/Release Subordination/Consent ,   Notification of approval and borrower responsibilities ,   Assisgnment of Deed or Trust for California ,   Application for Partial Release Subordination/Consent ,   Cancellling Undisbursed loan funds ,   Temporary Amendment - consent to payment of proceeds from sale ,   Assignment Acceptance/release for wool and mohair/borrower ,   Transfer of real estate security/transferee ,   Assumption agreement

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	103,922	112,219	0	0	-8,297	0
Annual Time Burden (Hours)	76,573	63,545	0	0	13,028	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Based on improved reporting capabilities indicating fewer borrowers and businesses utilizing the servicing sections that required those collections, there is a decrease of 911 respondents with an adjustment decrease of -8,297 responses and -3,850 burden hours. However, as a result of the information collection analysis, there is an adjustment increase of 16,878 hours for travel time. This increase offset the adjustment decrease for a net adjustment increase of 13,028 burden hours.

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Annual Cost to Federal Government: $38,322,240

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/18/2014

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