Information Collection; Direct Loan Servicing-Special, 23219 [2010-10190]
Download as PDF
<![CDATA[
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]
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Farm Service Agency
Information Collection; Direct Loan Servicing--Special
AGENCY: Farm Service Agency, USDA.
ACTION: Notice; request for comments.
-----------------------------------------------------------------------
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
