Notice2022-15607
60-Day Notice of Proposed Information Collection: Lien Accommodations and Subordinations
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 21, 2022
Issuing agencies
Agriculture DepartmentRural Utilities Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, as amended, the United States Department of Agriculture (USDA) Rural Utilities Service (RUS) announces its' intention to request an extension of a currently approved information collection and invites comments on this information collection.
Full Text
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<title>Federal Register, Volume 87 Issue 139 (Thursday, July 21, 2022)</title>
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[Federal Register Volume 87, Number 139 (Thursday, July 21, 2022)]
[Notices]
[Pages 43494-43495]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15607]
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DEPARTMENT OF AGRICULTURE
Rural Utilities Service
[Docket No. RUS-22-Agency-0034]
60-Day Notice of Proposed Information Collection: Lien
Accommodations and Subordinations
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, as
amended, the United States Department of Agriculture (USDA) Rural
Utilities Service (RUS) announces its' intention to request an
extension of a currently approved information collection and invites
comments on this information collection.
DATES: Comments on this notice must be received by September 19, 2022
to be assured of consideration.
ADDRESSES: Comments may be submitted electronically by the Federal
eRulemaking Portal: Go to <a href="http://www.regulations.gov">http://www.regulations.gov</a> and, in the
``Search Field'' box, labeled ``Search for Rules, Proposed Rules,
Notices or Supporting Documents,'' enter the following docket number:
(RUS-22-
[[Page 43495]]
Agency-0034). To submit or view public comments, click the ``Search''
button, select the ``Documents'' tab, then select the following
document title: (60-Day Notice of Proposed Information Collection: Lien
Accommodations and Subordinations; 7 CFR 1717, subparts R & S; OMB
Control No.: 0572-0100) from the ``Search Results'' and select the
``Comment'' button. Before inputting your comments, you may also review
the ``Commenter's Checklist'' (optional). Insert your comments under
the ``Comment'' title, click ``Browse'' to attach files (if available).
Input your email address and select ``Submit Comment.''
Information on using <a href="http://Regulations.gov">Regulations.gov</a>, including instructions for
accessing documents, submitting comments, and viewing the docket after
the close of the comment period, is available through the site's
``FAQ'' link.
Other Information: Additional information about Rural Development
and its programs is available on the internet at <a href="https://www.rd.usda.gov">https://www.rd.usda.gov</a>.
All comments will be available for public inspection online at the
Federal eRulemaking Portal (<a href="https://www.regulations.gov">https://www.regulations.gov</a>).
FOR FURTHER INFORMATION CONTACT: Crystal Pemberton, Management Analyst,
Branch 1, Rural Development Innovation Center--Regulations Management
Division, United States Department of Agriculture, 1400 Independence
Avenue SW, South Building, Washington, DC 20250-1522. Telephone: 202-
260-8621. Email: <a href="/cdn-cgi/l/email-protection#5211202b2126333e7c02373f303720263d3c12272136337c353d24"><span class="__cf_email__" data-cfemail="f4b7868d87809598daa49199969186809b9ab481879095da939b82">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB)
regulation (5 CFR part 1320) implementing provisions of the Paperwork
Reduction Act of 1995 (Pub. L. 104-13) requires that interested members
of the public and affected agencies have an opportunity to comment on
information collection and recordkeeping activities (see 5 CFR
1320.8(d)). This notice identifies the following information collection
that RUS is submitting to OMB as extension to an existing collection
with Agency adjustment.
Title: Lien Accommodations and Subordinations; 7 CFR 1717, Subparts
R & S.
OMB Control Number: 0572-0100.
Expiration Date of Approval: November 30, 2022.
Type of Request: Revision of a currently approved collection.
Estimate of Burden: Public Reporting burden for this collection of
information is estimated to average 19 hours per response.
Respondents: Not-for-profit institutions; Business or other for
profit.
Estimated Number of Respondents: 1.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Burden on Respondents: 19 hours.
Abstract: The Rural Electrification Act of 1936 (The RE Act), as
amended (7 U.S.C. 901 et seq.), authorizes and empowers the
Administrator of RUS to make loans in the several United States and
Territories of the United States for rural Electrification and the
furnishing of electric energy to persons in rural areas who are not
receiving central station service. The RE Act also authorizes and
empowers the Administrator of RUS to provide financial assistance to
borrowers for purposes provided in the RE Act by accommodating or
subordinating loans made by the national Rural Utilities Cooperative
Finance Corporation, the Federal Financing Bank, and other lending
agencies. Title 7 CFR part 1717, subparts R & S sets forth policy and
procedures to facilitate and support borrowers' efforts to obtain
private sector financing of their capital needs, to allow borrowers
greater flexibility in the management of their business affairs without
compromising RUS loan security, and to reduce the cost to borrowers, in
terms of time, expenses and paperwork, of obtaining lien accommodations
and subordinations. The information required to be submitted is limited
to necessary information that would allow the Agency to make a
determination on the borrower's request to subordinate and accommodate
their lien with other lenders.
Comments are invited on:
(a) 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;
(b) the accuracy of the agency's estimate of the burden of the
collection of information including the validity of the methodology and
assumptions used;
(c) ways to enhance the quality, utility and clarity of the
information to be collected; and (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
appropriate automated, electronic, mechanical, or other technological
collection techniques or other forms of information technology. All
responses to this notice will be summarized and included in the request
for OMB approval. All comments will become a matter of public record.
Copies of this information collection can be obtained from Crystal
Pemberton, Regulations Team, Innovation Center, at email:
<a href="/cdn-cgi/l/email-protection#91d2e3e8e2e5f0fdbfc1f4fcf3f4e3e5feffd1e4e2f5f0bff6fee7"><span class="__cf_email__" data-cfemail="1655646f6562777a3846737b747364627978566365727738717960">[email protected]</span></a>. All responses to this notice will be
summarized and included in the request for OMB approval. All comments
will also become a matter of public record.
Christopher A. McLean,
Acting Administrator, Rural Utilities Service.
[FR Doc. 2022-15607 Filed 7-20-22; 8:45 am]
BILLING CODE 3410-15-P
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