Justification for Form FSA-2061

OMB Control Number: 0560-0236.

Title of Clearance: Farm Loan Programs; Direct Loan Servicing and Property Management.

Agency Form Number affected by Change Worksheet: FSA 2061-Application for Release or Consent.

Other Changes:

1. In Part A part, added the title “-Real Estate Security” after the words “Borrower Request”;

2. In Part A part, redesignated number 5 as number 6;

3. Redesignated number 7 as number 8;

4. In question 8, removed from 9 to16 fields and added a letter and the words “E. FSA will obtain an appraisal.” in their place;

5. Added the part B titled “Borrower Request – Personal Property Security – Only For Release without compensation” and 4 field items for borrower to complete;

6. Added the Part C titled title “Certification and Signatures” with 4 field items for the borrower to complete; and

7. Added the Part D titled “FSA Approval” (For USDA use Only) for FSA staff to complete 4 field items.

FSA published the final rule-Enhancing Program Access and Delivery for Farm Loans on August 8, 2024. The implementation will begin on September 25, 2024. In the Paperwork Reduction Act section, FSA is requesting for comments on the FSA-2061-Application for Release or Consent and so far, no received comments until October 7, 2024. We increased the burden hours by 2,374 hours in the Reporting and Recordkeeping Requirements to cover the increased borrowers by 4,747, who expects to apply for the Distressed Borrower Set-Aside (DBSA) Program in the form FSA-2061.