Information Collection; Direct Loan Servicing-Special, 69421 [2014-27434]

Agencies

• DEPARTMENT OF AGRICULTURE
• Farm Service Agency

[Federal Register Volume 79, Number 225 (Friday, November 21, 2014)]
[Notices]
[Page 69421]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-27434]


========================================================================
Notices
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains documents other than rules 
or proposed rules that are applicable to the public. Notices of hearings 
and investigations, committee meetings, agency decisions and rulings, 
delegations of authority, filing of petitions and applications and agency 
statements of organization and functions are examples of documents 
appearing in this section.

========================================================================


Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / 
Notices

[[Page 69421]]



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 requesting comments from all interested 
individuals and organizations on an extension of a currently approved 
information collection that supports 7 CFR part 766, 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 January 20, 2015.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number of this issue of the 
Federal Register. You may submit comments by any of the following 
methods:
     Federal eRulemaking Portal: Go to www.regulations.gov. 
Follow the online instructions for submitting comments.
     Mail: Tamara L. Wilson, Senior Loan Officer, USDA/FSA/FLP, 
STOP 0523, 1400 Independence Avenue SW., Washington, DC 20250-0503.
    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 Tamara L. Wilson at the above address.

FOR FURTHER INFORMATION CONTACT: Tamara L. Wilson, (202) 690-4012.

SUPPLEMENTARY INFORMATION:
    Title: Farm Loan Programs Direct Loan Servicing--Special.
    OMB Number: 0560-0233.
    Expiration Date: 06/30/2015.
    Type of Request: Extension.
    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, found at 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.
    The formula used to calculate the total burden hour is estimated 
average time per responses hours times total annual responses.
    Estimate of Respondent Burden: Public reporting burden for this 
information collection is estimated to average 0.58 hours per response. 
The average travel time, which is included in the total burden, is 
estimated to be 1 hour per respondent.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimated Annual Number of Respondents: 14,934.
    Estimated Number of Reponses per Respondent: 1.9.
    Estimated Total Annual Responses: 27,923.
    Estimated Average Time per Response: 0.58.
    Estimated Total Annual Burden on Respondents: 15,858.
    We are requesting comments on all aspects of this information 
collection 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 on November 13, 2014.
Candance Thompson,
Acting Administrator, Farm Service Agency.
[FR Doc. 2014-27434 Filed 11-20-14; 8:45 am]
BILLING CODE 3410-05-P