Farm Loan Programs - Direct Loan Servicing - Regular

Forms and Documents

Document Name	Status
Supporting document 2020.docx Supporting Statement A	2020-09-22
Reporting and Recordkeeping Requirements.xlsm Supplementary Document	2020-07-14

IC Document Collections

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

ICR Details

OMB Control No: 0560-0236	ICR Reference No: 202001-0560-001
Status: Active	Previous ICR Reference No: 201612-0560-002
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: 09/24/2020
	Date Received in OIRA: 07/23/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2023	36 Months From Approved	09/30/2020
Responses	98,500	0	97,471
Time Burden (Hours)	30,315	0	82,565
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: CONACT
  

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:
	85 FR 9722	02/20/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 43806	07/20/2020
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	Notification of approval and borrower responsibilities ,   Agreement for Disposition of Security/Release Subordination/Consent ,   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 ,   Assisgnment of Deed or Trust for California

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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	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

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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: 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.

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

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.     No

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.     Yes

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? No

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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: 07/23/2020

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