Information Collection; Direct Loan Servicing-Special, 23219 [2010-10190]

Download as PDF erowe on DSK5CLS3C1PROD with NOTICES Federal Register / Vol. 75, No. 84 / Monday, May 3, 2010 / Notices Abstract: FSA’s Farm Loan Programs provide loans to family farmers to purchase real estate and equipment, and finance agricultural production. Direct Loan Servicing—Regular, as specified in 7 CFR part 765, provides the requirements related to routine servicing actions associated with direct loans. FSA is required to actively supervise its borrowers and provide credit counseling, management advice and financial guidance. Additionally, FSA must document that credit is not available to the borrower from commercial credit sources in order to maintain eligibility for assistance. Information collections established in the regulation are necessary for FSA to monitor and account for loan security, including proceeds derived from the sale of security, and to process a borrower’s request for subordination or partial release of security. Borrowers are required to provide financial information to determine graduation eligibility based on commercial lender standards provided to FSA. Respondents: Individuals or households, businesses or other for profit farms. Estimated Annual Number of Respondents: 52,288. Estimated Number of Responses per Respondent: 2.10. Total Annual Responses: 110,121. Estimated Total Annual Burden Hours: 60,877. We are requesting comments on all aspects of this information collection and to help us to: (1) Evaluate whether the collection of information is necessary for the proper performance of the functions of FSA, including whether the information will have practical utility; (2) Evaluate the accuracy of FSA’s estimate of burden including the validity of the methodology and assumptions used; (3) Enhance the quality, utility and clarity of the information to be collected; (4) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology. All comments received in response to this notice, including names and addresses when provided, will be a matter of public record. Comments will be summarized and included in the submission for Office of Management and Budget approval. VerDate Mar<15>2010 15:35 Apr 30, 2010 Jkt 220001 Signed at Washington, DC, on April 20, 2010. Jonathan W. Coppess, Administrator, Farm Service Agency. [FR Doc. 2010–10192 Filed 4–30–10; 8:45 am] BILLING CODE 3410–05–P DEPARTMENT OF AGRICULTURE Farm Service Agency Information Collection; Direct Loan Servicing—Special Farm Service Agency, USDA. Notice; request for comments. AGENCY: ACTION: SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is seeking comments from all interested individuals and organizations on the extension with a revision of a currently approved information collection that supports Direct Loan Servicing-Special programs. The information is used in eligibility and feasibility determinations on borrower requests for disaster setaside, primary loan servicing, buyout at market value, and homestead protection, as well as liquidation of security. DATES: We will consider comments that we receive by July 2, 2010. ADDRESSES: We invite you to submit comments on this notice. In your comments, include date, volume, and page number, the OMB control number and the title of the information collection of this issue of the Federal Register. You may submit comments by any of the following methods: • Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 0523, 1400 Independence Avenue, SW., Washington, DC 20250–0503. • E-mail: lee.nault@wdc.usda.gov. • Fax: 202–690–0949. You may also send comments to the Desk Officer for Agriculture, Office of Information and Regulatory Affairs, Office of Management and Budget, Washington, DC 20503. Copies of the information collection may be requested by contacting J. Lee Nault at the above address. FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm Service Agency, (202) 720–6834. SUPPLEMENTARY INFORMATION: Title: (7 CFR part 766) Farm Loan Programs—Direct Loan Servicing— Special. OMB Number: 0560–0233. Expiration Date: 11/30/2010. Type of Request: Extension of a currently approved information collection with a revision. PO 00000 Frm 00003 Fmt 4703 Sfmt 9990 23219 Abstract: FSA’s Farm Loan Programs provide loans to family farmers to purchase real estate and equipment and finance agricultural production. Direct Loan Servicing—Special, as specified in 7 CFR part 766, provides the requirements for servicing financially distressed and delinquent direct loan borrowers. FSA’s loan servicing options include disaster set-aside, primary loan servicing (including reamortization, rescheduling, deferral, write down and conservation contracts), buyout at market value, and homestead protection. FSA also services borrowers who file bankruptcy or liquidate security when available servicing options are not sufficient to produce a feasible plan. The information collections contained in the regulation are necessary to evaluate a borrower’s request for consideration of the special servicing actions. Respondents: Individuals or households, businesses or other for profit farms. Estimated Annual Number of Respondents: 12,651. Estimated Number of Responses per Respondent: 1.40. Total Annual Responses: 17,749. Estimated Total Annual Burden Hours: 10,337. We are requesting comments on all aspects of this information collection and to help us to: (1) Evaluate whether the collection of information is necessary for the proper performance of the functions of the FSA, including whether the information will have practical utility; (2) Evaluate the accuracy of the FSA’s estimate of burden including the validity of the methodology and assumptions used; (3) Enhance the quality, utility and clarity of the information to be collected; (4) Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology. All comments received in response to this notice, including names and addresses when provided, will be a matter of public record. Comments will be summarized and included in the submission for Office of Management and Budget approval. Signed at Washington, DC, on April 20, 2010. Jonathan W. Coppess, Administrator, Farm Service Agency. [FR Doc. 2010–10190 Filed 4–30–10; 8:45 am] BILLING CODE 3410–05–P E:\FR\FM\03MYN1.SGM 03MYN1

Agencies

[Federal Register Volume 75, Number 84 (Monday, May 3, 2010)]
[Notices]
[Page 23219]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-10190]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Direct Loan Servicing--Special

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on the extension with a revision of a 
currently approved information collection that supports Direct Loan 
Servicing-Special programs. The information is used in eligibility and 
feasibility determinations on borrower requests for disaster set-aside, 
primary loan servicing, buyout at market value, and homestead 
protection, as well as liquidation of security.

DATES: We will consider comments that we receive by July 2, 2010.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, the OMB control number 
and the title of the information collection of this issue of the 
Federal Register. You may submit comments by any of the following 
methods:
     Mail: J. Lee Nault, Loan Specialist, USDA/FSA/FLP, STOP 
0523, 1400 Independence Avenue, SW., Washington, DC 20250-0503.
     E-mail: lee.nault@wdc.usda.gov.
     Fax: 202-690-0949.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, Loan Specialist, Farm 
Service Agency, (202) 720-6834.

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR part 766) Farm Loan Programs--Direct Loan Servicing--
Special.
    OMB Number: 0560-0233.
    Expiration Date: 11/30/2010.
    Type of Request: Extension of a currently approved information 
collection with a revision.
    Abstract: FSA's Farm Loan Programs provide loans to family farmers 
to purchase real estate and equipment and finance agricultural 
production. Direct Loan Servicing--Special, as specified in 7 CFR part 
766, provides the requirements for servicing financially distressed and 
delinquent direct loan borrowers. FSA's loan servicing options include 
disaster set-aside, primary loan servicing (including reamortization, 
rescheduling, deferral, write down and conservation contracts), buyout 
at market value, and homestead protection. FSA also services borrowers 
who file bankruptcy or liquidate security when available servicing 
options are not sufficient to produce a feasible plan. The information 
collections contained in the regulation are necessary to evaluate a 
borrower's request for consideration of the special servicing actions.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 12,651.
    Estimated Number of Responses per Respondent: 1.40.
    Total Annual Responses: 17,749.
    Estimated Total Annual Burden Hours: 10,337.
    We are requesting comments on all aspects of this information 
collection and to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of the FSA, including whether 
the information will have practical utility;
    (2) Evaluate the accuracy of the FSA's estimate of burden including 
the validity of the methodology and assumptions used;
    (3) Enhance the quality, utility and clarity of the information to 
be collected;
    (4) Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology.
    All comments received in response to this notice, including names 
and addresses when provided, will be a matter of public record. 
Comments will be summarized and included in the submission for Office 
of Management and Budget approval.

    Signed at Washington, DC, on April 20, 2010.
Jonathan W. Coppess,
Administrator, Farm Service Agency.
[FR Doc. 2010-10190 Filed 4-30-10; 8:45 am]
BILLING CODE 3410-05-P