Guaranteed Rural Housing Loan
Program -- 7 CFR Part 3555
Revision of a currently approved collection
No
Regular
12/11/2020
Requested
Previously Approved
36 Months From Approved
01/31/2021
1,766,094
1,079,062
1,327,476
833,608
0
0
Section 517(d) of title V of the
Housing Act of 1949, as amended, provides the authority for the
Secretary of Agriculture to issue loan guarantees for the
acquisition of new or existing dwellings and related facilities to
provide decent, safe, and sanitary living conditions and other
structures in rural areas.
US Code:
42
USC 1471 Name of Law: Title V of the Housing Act
There is an estimated increase
of 687,032 responses and 493,868 burden hours since the last
submission. Any change in hours is a result of increased program
level funding and demand by the public. Also considered is a change
in the average loan amount, additional lenders participating in the
program, due to a change in the program funding level and a keener
interest by industry partners. Backlogs in some States caused
delays in processing lender requests that resulted in various
turn-around times from state to state. Integration of the SFHGLP
into the National model was necessary to provide lenders improved
customer service, consistent turn times and policy
interpretation.
$16,472,501
No
No
No
No
No
No
No
Ana Placencia 254
721-0770
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.