Farm Service Agency February 2020 – Federal Register Recent Federal Regulation Documents

Information Collection Requests; Farm Loan Programs: Inventory Property Management (OMB Control Number 0560-0234), Direct Loan Servicing-Regular (OMB Control Number 0560-0234), General Program Administration (OMB Control Number 0560-0238) and Guaranteed Farm Loan Program (OMB Control Number 0560-0155)
Document Number: 2020-03303
Type: Notice
Date: 2020-02-20
Agency: Department of Agriculture, Farm Service Agency
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on the four Farm Loan Programs' information collection requests. The four collection requests in the Farm Loan Programs are: Inventory Property Management, Direct Loan ServicingRegular, Guaranteed Farm Loan Program and General Program Administration. In the Inventory Property Management, the collected information is used to evaluate applicant requests to purchase inventory property, determine eligibility to lease or purchase inventory property, and ensure the payment of the lease amount or purchase amount associated with the acquisition of inventory property. In the Direct Loan ServicingRegular, 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, and use of proceeds. In the General Program Administration, the information collected is used to ensure that applicants meet statutory eligibility requirements, loan funds are used for authorized purposes, and the Government's interest in security is adequately protected. In the Guaranteed Farm Loan Program, the collected information is needed to make and service loans guaranteed by FSA to eligible farmers and ranchers by commercial lenders and nontraditional lenders.