Information Collection Requests; Direct Loan Servicing-Regular; and Servicing Minor Program Loans, 16394-16395 [2023-05464]
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16394
Notices
Federal Register
Vol. 88, No. 52
Friday, March 17, 2023
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.
by email: lee.nault@usda.gov.
Individuals who require alternative
means for communication should
contact the USDA TARGET Center at
(202) 720–2600 (voice and text
telephone (TTY)) or dial 711 for
Telecommunications Relay service (both
voice and text telephone users can
initiate this call from any telephone).
SUPPLEMENTARY INFORMATION:
DEPARTMENT OF AGRICULTURE
Description of 2 Information Collection
Requests
Farm Service Agency
Title: Servicing Minor Program Loans.
OMB Control Number: 0560–0230.
Expiration Date: December 31, 2025.
Type of Request: Revision.
Abstract: Section 331(b) of the
Consolidated Farm and Rural
Development Act (CONACT, 7 U.S.C.
1981(b)), in part, authorizes the
Secretary of Agriculture to modify,
subordinate and release terms of
security instruments, leases, contracts,
and agreements entered by FSA. The
section also authorizes transfers of
security property, as the Secretary
deems necessary, to carry out the
purpose of the loan or protect the
Government’s financial interest. Section
335 of the CONACT (7 U.S.C. 1985)
provides servicing authority for real
estate security, operation or lease of
realty, disposition of property,
conveyance of real property interest of
the United States, easements, and
condemnations.
The information collection relates to a
program benefit recipient or loan
borrower requesting action on security
they own, which was purchased with
FSA loan funds, improved with FSA
loan funds or has otherwise been
mortgaged to FSA to secure a Federal
Government loan. The information
collected is primarily financial data not
already on file, such as borrower asset
values, current financial information
and public use and employment data.
To better serve borrowers’ minor loan
program servicing requests, FSA is
retiring form FSA–2060 ‘‘Application
for Partial Release, Subordination (Real
or Personal), or Consent’’. FSA has
created two new forms, FSA–2061
‘‘Application for Partial Release or
Consent’’ and FSA–2062 ‘‘Application
for Subordination of Security for
Commercial Credit’’; both new forms
captured the information previously
requested on the FSA–2001 and FSA–
2060 that will replace the FSA–2060
[Docket ID: FSA–2023–0006]
Information Collection Requests;
Direct Loan Servicing—Regular; and
Servicing Minor Program Loans
Farm Service Agency, USDA.
Notice; request for comments.
AGENCY:
ACTION:
In accordance with the
Paperwork Reduction Act (PRA)
requirement, the Farm Service Agency
(FSA) is requesting comments from all
interested individuals and organizations
on a revision of two currently approved
information collection requests, Direct
Loan Servicing—Regular and Servicing
Minor Program Loans, respectively. In
the Direct Loan Servicing—Regular, the
information is used to determine
borrower compliance with loan
agreements, assist the borrower in
achieving business goals, and regular
servicing of the loan account such as
graduation, subordination, partial
release, use of proceeds, and consent. In
Servicing Minor Program Loans, the
information collected is used to perform
routine and special servicing actions for
loans authorized and serviced under
FSA’s Minor Loan Program.
DATES: We will consider comments that
we receive by May 16, 2023.
ADDRESSES: We invite you to submit
comments in response to this notice.
FSA prefers that the comments are
submitted electronically through the
Federal eRulemaking Portal, identified
by Docket ID No. FSA–2023–0006, go to
https://www.regulations.gov and search
for docket ID FSA–2023–0006. Follow
the online instructions for submitting
comments.
All comments received will be posted
without change and made publicly
available on www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: Lee
Nault; by telephone: (202) 720–6834; or
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
17:04 Mar 16, 2023
Jkt 259001
PO 00000
Frm 00001
Fmt 4703
Sfmt 4703
and eliminating the need for FSA–2001
for regular and routine servicing
requests.
FSA is requesting OMB approval on
the new two forms. With the retiring of
FSA–2060 and the addition of FSA–
2061 and FSA–2062, the estimated
burden hours have not changed. A
review of previous FSA–2060 usage
over the past five years revealed no
usage of the form to service minor
program loans. While significant usage
of the new forms replacing the FSA–
2060 is not anticipated, these forms are
included as part of this collection
package due to the need for them to
complete potential minor program
servicing requests. No anticipated
increase or decrease in usage for loans
serviced under this program is expected.
For the following estimated total
annual burden on respondents, the
formula used to calculate the total
burden hours is the estimated average
time per responses hours multiplied by
the estimated total annual responses.
Estimate of Annual Burden: Public
reporting burden for this collection of
information is estimated to average 0.63
hours per response.
Type of Respondents: Individuals,
associations, partnerships, or
corporations.
Estimated Number of Respondents:
58.
Estimated Annual Number of
Responses per Respondent: 1.
Estimated Total Annual of Responses:
58.
Estimated Average Time per
Responses: 0.63 hours.
Estimated Total Annual Burden on
Respondents: 37 hours.
Title: Farm Loan Programs—Direct
Loan Servicing—Regular.
OMB Control Number: 0560–0236.
OMB Expiration Date: December 31,
2025.
Type of Request: 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—Regular, as specified in
7 CFR part 765, provides the
requirements related to regular and
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
E:\FR\FM\17MRN1.SGM
17MRN1
lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 52 / Friday, March 17, 2023 / Notices
credit is not available to the borrower
from commercial credit sources for
borrowers 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, partial release
of security, or consent. Borrowers are
required to provide financial
information to determine graduation
eligibility based on commercial lender
standards provided to FSA.
To better serve borrowers’ regular and
routine servicing requests, FSA is
retiring form FSA–2060 ‘‘Application
for Partial Release, Subordination (Real
or Personal), or Consent’’. The form
FSA–2061 ‘‘Application for Partial
Release or Consent,’’ and form FSA–
2062 ‘‘Application for Subordination of
Security for Commercial Credit’’ are
new forms; both new forms captured the
information previously requested on the
FSA–2001 and FSA–2060 that will
replace the FSA–2060 and eliminating
the need for FSA–2001 for regular and
routine servicing requests.
FSA is requesting OMB approval for
the new two forms. The burden hours
estimate has been increased by 177
hours while the estimated annual
responses have increased by 88. The
increase in burden is not attributed to
additional completion time related to
either new form but instead is an overall
estimated increase in total future usage
of the forms based on the number of
borrowers who utilize the FSA–2060 to
request servicing actions over the past
five years.
For the following estimated total
annual burden on respondents, the
formula used to calculate the total
burden hours is the estimated average
time per responses multiplied by the
estimated total annual of responses.
Estimate of Annual Burden: Public
reporting burden for this collection of
information is estimated to average
0.309 hours per response.
Type of Respondents: Individuals,
associations, partnerships, or
corporations.
Estimated Number of Respondents:
94,768.
Estimated Annual Number of
Responses per Respondent: 1.0462.
Estimated Total Annual of Responses:
99,147.
Estimated Average Time per
Responses: 0.309 hours.
Estimated Total Annual Burden on
Respondents: 30,638 hours.
We are requesting comments on all
aspects of this information collection to
help us to:
VerDate Sep<11>2014
17:04 Mar 16, 2023
Jkt 259001
(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 using
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.
USDA Non-Discrimination Policy
In accordance with Federal civil
rights law and USDA civil rights
regulations and policies, USDA, its
Agencies, offices, and employees, and
institutions participating in or
administering USDA programs are
prohibited from discriminating based on
race, color, national origin, religion, sex,
gender identity (including gender
expression), sexual orientation,
disability, age, marital status, family or
parental status, income derived from a
public assistance program, political
beliefs, or reprisal or retaliation for prior
civil rights activity, in any program or
activity conducted or funded by USDA
(not all bases apply to all programs).
Remedies and complaint filing
deadlines vary by program or incident.
Individuals who require alternative
means of communication for program
information (for example, braille, large
print, audiotape, American Sign
Language, etc.) should contact the
responsible Agency or USDA TARGET
Center at (202) 720–2600 (voice and text
telephone (TTY) or dial 711 for
Telecommunications Relay Service
(both voice and text telephone users can
initiate this call from any telephone).
Additionally, program information may
be made available in languages other
than English.
To file a program discrimination
complaint, complete the USDA Program
Discrimination Complaint Form, AD–
3027, found online at https://
www.usda.gov/oascr/how-to-file-aprogram-discrimination-complaint and
at any USDA office or write a letter
addressed to USDA and provide in the
PO 00000
Frm 00002
Fmt 4703
Sfmt 4703
16395
letter all the information requested in
the form. To request a copy of the
complaint form, call (866) 632–9992.
Submit your completed form or letter to
USDA by mail to: U.S. Department of
Agriculture, Office of the Assistant
Secretary for Civil Rights, 1400
Independence Avenue SW, Washington,
DC 20250–9410 or email: OAC@
usda.gov.
USDA is an equal opportunity
provider, employer, and lender.
Zach Ducheneaux,
Administrator, Farm Service Agency.
[FR Doc. 2023–05464 Filed 3–16–23; 8:45 am]
BILLING CODE 3410–EB–P
DEPARTMENT OF AGRICULTURE
Forest Service
North Wisconsin Resource Advisory
Committee; Meeting
Forest Service, Agriculture
(USDA).
ACTION: Notice of meetings.
AGENCY:
The North Wisconsin
Resource Advisory Committee (RAC)
will hold two public meetings according
to the details shown below. The
committee is authorized under the
Secure Rural Schools and Community
Self-Determination Act (the Act) and
operates in compliance with the Federal
Advisory Committee Act (FACA). The
purpose of the committee is to improve
collaborative relationships and to
provide advice and recommendations to
the Forest Service concerning projects
and funding consistent with Title II of
the Act as well as to make
recommendations on recreation fee
proposals for sites on the ChequamegonNicolet National Forest, consistent with
the Federal Lands Recreation
Enhancement Act. General information
and meeting details can be found at the
following website: https://
www.fs.usda.gov/main/cnnf/
workingtogether/advisorycommittees.
DATES: The meetings will be held on:
• Wednesday, May 3, 2023, 9 a.m.–3
p.m., Central Daylight Time, and
• Wednesday, May 17, 2023, 9 a.m.–3
p.m., Central Daylight Time
All RAC meetings are subject to
cancellation. For status of the meetings
prior to attendance, please contact the
person listed under FOR FURTHER
INFORMATION CONTACT.
SUMMARY:
Written Comments
Written comments may be submitted
to the Forest Service up to 14 days after
the meeting date(s) listed under in this
E:\FR\FM\17MRN1.SGM
17MRN1
]]>Agencies
[Federal Register Volume 88, Number 52 (Friday, March 17, 2023)]
[Notices]
[Pages 16394-16395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05464]
========================================================================
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. 88, No. 52 / Friday, March 17, 2023 /
Notices
[[Page 16394]]
DEPARTMENT OF AGRICULTURE
Farm Service Agency
[Docket ID: FSA-2023-0006]
Information Collection Requests; Direct Loan Servicing--Regular;
and Servicing Minor Program Loans
AGENCY: Farm Service Agency, USDA.
ACTION: Notice; request for comments.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act (PRA)
requirement, the Farm Service Agency (FSA) is requesting comments from
all interested individuals and organizations on a revision of two
currently approved information collection requests, Direct Loan
Servicing--Regular and Servicing Minor Program Loans, respectively. In
the Direct Loan Servicing--Regular, the information is used to
determine borrower compliance with loan agreements, assist the borrower
in achieving business goals, and regular servicing of the loan account
such as graduation, subordination, partial release, use of proceeds,
and consent. In Servicing Minor Program Loans, the information
collected is used to perform routine and special servicing actions for
loans authorized and serviced under FSA's Minor Loan Program.
DATES: We will consider comments that we receive by May 16, 2023.
ADDRESSES: We invite you to submit comments in response to this notice.
FSA prefers that the comments are submitted electronically through the
Federal eRulemaking Portal, identified by Docket ID No. FSA-2023-0006,
go to https://www.regulations.gov and search for docket ID FSA-2023-
0006. Follow the online instructions for submitting comments.
All comments received will be posted without change and made
publicly available on www.regulations.gov.
FOR FURTHER INFORMATION CONTACT: Lee Nault; by telephone: (202) 720-
6834; or by email: [email protected]. Individuals who require
alternative means for communication should contact the USDA TARGET
Center at (202) 720-2600 (voice and text telephone (TTY)) or dial 711
for Telecommunications Relay service (both voice and text telephone
users can initiate this call from any telephone).
SUPPLEMENTARY INFORMATION:
Description of 2 Information Collection Requests
Title: Servicing Minor Program Loans.
OMB Control Number: 0560-0230.
Expiration Date: December 31, 2025.
Type of Request: Revision.
Abstract: Section 331(b) of the Consolidated Farm and Rural
Development Act (CONACT, 7 U.S.C. 1981(b)), in part, authorizes the
Secretary of Agriculture to modify, subordinate and release terms of
security instruments, leases, contracts, and agreements entered by FSA.
The section also authorizes transfers of security property, as the
Secretary deems necessary, to carry out the purpose of the loan or
protect the Government's financial interest. Section 335 of the CONACT
(7 U.S.C. 1985) provides servicing authority for real estate security,
operation or lease of realty, disposition of property, conveyance of
real property interest of the United States, easements, and
condemnations.
The information collection relates to a program benefit recipient
or loan borrower requesting action on security they own, which was
purchased with FSA loan funds, improved with FSA loan funds or has
otherwise been mortgaged to FSA to secure a Federal Government loan.
The information collected is primarily financial data not already on
file, such as borrower asset values, current financial information and
public use and employment data.
To better serve borrowers' minor loan program servicing requests,
FSA is retiring form FSA-2060 ``Application for Partial Release,
Subordination (Real or Personal), or Consent''. FSA has created two new
forms, FSA-2061 ``Application for Partial Release or Consent'' and FSA-
2062 ``Application for Subordination of Security for Commercial
Credit''; both new forms captured the information previously requested
on the FSA-2001 and FSA-2060 that will replace the FSA-2060 and
eliminating the need for FSA-2001 for regular and routine servicing
requests.
FSA is requesting OMB approval on the new two forms. With the
retiring of FSA-2060 and the addition of FSA-2061 and FSA-2062, the
estimated burden hours have not changed. A review of previous FSA-2060
usage over the past five years revealed no usage of the form to service
minor program loans. While significant usage of the new forms replacing
the FSA-2060 is not anticipated, these forms are included as part of
this collection package due to the need for them to complete potential
minor program servicing requests. No anticipated increase or decrease
in usage for loans serviced under this program is expected.
For the following estimated total annual burden on respondents, the
formula used to calculate the total burden hours is the estimated
average time per responses hours multiplied by the estimated total
annual responses.
Estimate of Annual Burden: Public reporting burden for this
collection of information is estimated to average 0.63 hours per
response.
Type of Respondents: Individuals, associations, partnerships, or
corporations.
Estimated Number of Respondents: 58.
Estimated Annual Number of Responses per Respondent: 1.
Estimated Total Annual of Responses: 58.
Estimated Average Time per Responses: 0.63 hours.
Estimated Total Annual Burden on Respondents: 37 hours.
Title: Farm Loan Programs--Direct Loan Servicing--Regular.
OMB Control Number: 0560-0236.
OMB Expiration Date: December 31, 2025.
Type of Request: 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--Regular, as specified in 7 CFR part
765, provides the requirements related to regular and 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
[[Page 16395]]
credit is not available to the borrower from commercial credit sources
for borrowers 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, partial release of security, or consent. Borrowers are
required to provide financial information to determine graduation
eligibility based on commercial lender standards provided to FSA.
To better serve borrowers' regular and routine servicing requests,
FSA is retiring form FSA-2060 ``Application for Partial Release,
Subordination (Real or Personal), or Consent''. The form FSA-2061
``Application for Partial Release or Consent,'' and form FSA-2062
``Application for Subordination of Security for Commercial Credit'' are
new forms; both new forms captured the information previously requested
on the FSA-2001 and FSA-2060 that will replace the FSA-2060 and
eliminating the need for FSA-2001 for regular and routine servicing
requests.
FSA is requesting OMB approval for the new two forms. The burden
hours estimate has been increased by 177 hours while the estimated
annual responses have increased by 88. The increase in burden is not
attributed to additional completion time related to either new form but
instead is an overall estimated increase in total future usage of the
forms based on the number of borrowers who utilize the FSA-2060 to
request servicing actions over the past five years.
For the following estimated total annual burden on respondents, the
formula used to calculate the total burden hours is the estimated
average time per responses multiplied by the estimated total annual of
responses.
Estimate of Annual Burden: Public reporting burden for this
collection of information is estimated to average 0.309 hours per
response.
Type of Respondents: Individuals, associations, partnerships, or
corporations.
Estimated Number of Respondents: 94,768.
Estimated Annual Number of Responses per Respondent: 1.0462.
Estimated Total Annual of Responses: 99,147.
Estimated Average Time per Responses: 0.309 hours.
Estimated Total Annual Burden on Respondents: 30,638 hours.
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 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 using 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.
USDA Non-Discrimination Policy
In accordance with Federal civil rights law and USDA civil rights
regulations and policies, USDA, its Agencies, offices, and employees,
and institutions participating in or administering USDA programs are
prohibited from discriminating based on race, color, national origin,
religion, sex, gender identity (including gender expression), sexual
orientation, disability, age, marital status, family or parental
status, income derived from a public assistance program, political
beliefs, or reprisal or retaliation for prior civil rights activity, in
any program or activity conducted or funded by USDA (not all bases
apply to all programs). Remedies and complaint filing deadlines vary by
program or incident.
Individuals who require alternative means of communication for
program information (for example, braille, large print, audiotape,
American Sign Language, etc.) should contact the responsible Agency or
USDA TARGET Center at (202) 720-2600 (voice and text telephone (TTY) or
dial 711 for Telecommunications Relay Service (both voice and text
telephone users can initiate this call from any telephone).
Additionally, program information may be made available in languages
other than English.
To file a program discrimination complaint, complete the USDA
Program Discrimination Complaint Form, AD-3027, found online at https://www.usda.gov/oascr/how-to-file-a-program-discrimination-complaint and
at any USDA office or write a letter addressed to USDA and provide in
the letter all the information requested in the form. To request a copy
of the complaint form, call (866) 632-9992. Submit your completed form
or letter to USDA by mail to: U.S. Department of Agriculture, Office of
the Assistant Secretary for Civil Rights, 1400 Independence Avenue SW,
Washington, DC 20250-9410 or email: [email protected].
USDA is an equal opportunity provider, employer, and lender.
Zach Ducheneaux,
Administrator, Farm Service Agency.
[FR Doc. 2023-05464 Filed 3-16-23; 8:45 am]
BILLING CODE 3410-EB-P
