Farm Loan Programs - Direct Loan Servicing - Regular

ICR 202001-0560-001

OMB: 0560-0236

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-09-22
Supplementary Document
2020-07-14
IC Document Collections
ICR Details
0560-0236 202001-0560-001
Active 201612-0560-002
USDA/FSA
Farm Loan Programs - Direct Loan Servicing - Regular
Revision of a currently approved collection   No
Regular
Approved with change 09/24/2020
Retrieve Notice of Action (NOA) 07/23/2020
  Inventory as of this Action Requested Previously Approved
09/30/2023 36 Months From Approved 09/30/2020
98,500 0 97,471
30,315 0 82,565
0 0 0

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.

US Code: 7 USC 1921 Name of Law: CONACT
  
None

Not associated with rulemaking

  85 FR 9722 02/20/2020
85 FR 43806 07/20/2020
No

  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 98,500 97,471 0 0 1,029 0
Annual Time Burden (Hours) 30,315 82,565 0 0 -52,250 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
Overall, the burden hours have decreased by 52,250 while the annual responses increased by 1,029. The number of respondents increased by 39,597. The number of respondents is 94,121 in this request. The decreased burden hours were due to an overall 10% decreased in the number of the respondents since in the last OMB approval and a reevaluation of the previous burden estimates (for example, the average burden per collection reduced from 51 minutes to 18 minutes and per respondent reduced from 1 hour, 31 minutes to 19 minutes) plus the removal of travel times from the request. Also, the increased responses were that the borrowers were doing more service with FSA and completing forms FSA-2040 annually.

$38,322,240
No
    No
    Yes
No
No
No
No
Mary Ann Ball 202-720-4283 MaryAnn.Ball@usda.gov

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
07/23/2020


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