Submission for OMB Review; Comment Request, 67058 [2024-18506]

Agencies

• DEPARTMENT OF AGRICULTURE

[Federal Register Volume 89, Number 160 (Monday, August 19, 2024)]
[Notices]
[Page 67058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18506]


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DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments 
are requested regarding: whether the collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; the 
accuracy of the agency's estimate of burden including the validity of 
the methodology and assumptions used; ways to enhance the quality, 
utility and clarity of the information to be collected; and ways to 
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.
    Comments regarding this information collection received by 
September 18, 2024 will be considered. Written comments and 
recommendations for the proposed information collection should be 
submitted within 30 days of the publication of this notice on the 
following website www.reginfo.gov/public/do/PRAMain. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Rural Housing Service

    Title: 7 CFR 1927-B, ``Real Estate Title Clearance and Loan 
Closing''.
    OMB Control Number: 0575-0147.
    Summary of Collection: The Rural Housing Service (RHS) is the 
credit agency for rural housing and community development within the 
Rural Development mission area of the United States Department of 
Agriculture. This regulation prescribes the policies and 
responsibilities including the collection and use of information 
necessary to complete real estate title clearance and loan closing of 
Rural Housing (RH) loans. Section 501 of title V of the Housing Act of 
1949, as amended, authorizes the Secretary of Agriculture to extend 
financial assistance to construct, improve, alter, repair, replace or 
rehabilitate dwellings, farm buildings, and/or related facilities to 
provide decent, safe, and sanitary living conditions and adequate farm 
buildings and other structures in rural areas. The secretary is 
authorized to prescribe regulations to ensure that these loans, made 
with Federal funds, are legally secured.
    Need and Use of the Information: The approved attorney/title 
company (closing agent) and the field office staff collect the required 
information. Forms and or guidelines are provided to assist in the 
collection, certification and submission of this information. Most of 
the forms collect information that is standard in the industry. If the 
information is collected less frequently, the agency would not obtain 
the proper security position on the properties being taken as security 
and would have no evidence that the closing agents and agency meet the 
requirements of this regulations.
    Description of Respondents: Individuals or households; Business or 
other for-profit, Not-for-profit institutions; Farms.
    Number of Respondents: 12,285.
    Frequency of Responses: Reporting: On occasion.
    Total Burden Hours: 3,316.

Rural Housing Service

    Title: 7 CFR 1902-A, Supervised Bank Accounts.
    OMB Control Number: 0575-0158.
    Summary of Collection: 7 CFR 1902-A, Supervised Bank Accounts 
(SBA), prescribes the policies and procedures for disbursing loan and 
grant funds, establishing and closing supervised accounts, and placing 
Multi-Family housing reserve accounts in supervised accounts. The Rural 
Business Service extends financial assistance to applicants that do not 
qualify for loans under commercial rates and terms. The Rural Housing 
Service (RHS) is the credit agency for agriculture and rural 
development in USDA. Supervised accounts are accounts with a financial 
institution in the names of a borrower and the United States 
Government, represented by Rural Housing Service, Rural Business-
Cooperative Service, Rural Utilities Service, (Agency). Section 339 of 
the Consolidated Farm and Rural Development Act, 7 U.S.C. 1989 and 
section 510 of the Housing Act of 1949, as amended, (42 U.S.C. 1480) is 
the legislative authorities requiring the use of supervised accounts.
    Need and Use of the Information: The agency's state and field 
offices will collect information from borrowers and financial 
institutions. The Agency use SBA as a mechanism to (1) ensure correct 
disbursement and expenditure of all funds designated for a project; (2) 
help a borrower properly manage its financial affairs; (3) ensure that 
the Government's security is protected adequately from fraud, waste and 
abuse. The consequence to Federal program and policy activities if the 
collection of information was not conducted would be detrimental to 
both the Government and to borrowers.
    Description of Respondents: Business or other for-profit.
    Number of Respondents: 13,052.
    Frequency of Responses: Reporting: On occasion.
    Total Burden Hours: 4,781.

Levi S. Harrell,
Departmental Information Collection Clearance Officer.
[FR Doc. 2024-18506 Filed 8-16-24; 8:45 am]
BILLING CODE 3410-XV-P