7 CFR 1980-E, Business and Industrial Loan Program

Forms and Documents

Document Name	Status
Form RD 449-1 7 CFR 1980-E, Business and Industrial Loan Program Form	Modified
1980-E_SUPPORTINGSTATEMENT2018.doc Supporting Statement A	2018-09-21
1980-E_SPREADSHEET2018.xlsx Supplementary Document	2018-09-11

IC Document Collections

IC ID	Document Title	Status
1662	7 CFR 1980-E, Business and Industrial Loan Program Form	Modified

ICR Details

OMB Control No: 0570-0014	ICR Reference No: 201809-0570-001
Status: Active	Previous ICR Reference No: 201506-0570-001
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: 7 CFR 1980-E, Business and Industrial Loan Program
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/09/2018
	Date Received in OIRA: 09/24/2018
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2021	36 Months From Approved	11/30/2018
Responses	69	0	189
Time Burden (Hours)	228	0	600
Cost Burden (Dollars)	0	0	0

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Abstract: The collection of information is submitted to the Agency for use in making program eligibility, financial feasability, and loan security determinations.

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Authorizing Statute(s): US Code: 7 USC 1932 Name of Law: Consolidated Farm and Rural Development Act
  

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:
	83 FR 22244	05/14/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 48274	09/24/2018
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
7 CFR 1980-E, Business and Industrial Loan Program	RD 449-1, RD 449-2	Application for Loan and Guarantee ,   Statement of Collateral

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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	69	189	0	0	-120	0
Annual Time Burden (Hours)	228	600	0	0	-372	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: There is a decrease in the number of responses by 120 to 69 and a 372 decrease in burden hours to 228. The numbers of burden hours and associated costs have changed principally as a result of a revised estimate of 16 direct loans in the program portfolio, a decrease from the previous estimate of 40 direct loans. Also, as a result of the current rate of information collection, the estimated number of borrower visits has decreased from 40 to 16, and the estimated number of financial statements has decreased from 40 to 16.

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Annual Cost to Federal Government: $3,696

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 09/24/2018

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