Notice2022-15650
60-Day Notice of Proposed Information Collection: Analyzing Credit Needs and Graduation of Borrowers; OMB Control No.: 0575-0093
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 22, 2022
Issuing agencies
Agriculture DepartmentRural Housing Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, as amended, the United States Department of Agriculture (USDA), the Rural Housing Service (Agency) 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 140 (Friday, July 22, 2022)</title>
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[Federal Register Volume 87, Number 140 (Friday, July 22, 2022)]
[Notices]
[Pages 43781-43782]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15650]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
[Docket No. RHS-22-NONE-0013]
60-Day Notice of Proposed Information Collection: Analyzing
Credit Needs and Graduation of Borrowers; OMB Control No.: 0575-0093
AGENCY: Rural Housing 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), the Rural
Housing Service (Agency) 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 20, 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
[[Page 43782]]
Rules, Proposed Rules, Notices or Supporting Documents,'' enter the
following docket number: (RHS-22-NONE-0013). 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: Analyzing Credit Needs and Graduation of
Borrowers; OMB Control No.: 0575-0093) 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#c586b7bcb6b1a4a9eb95a0a8a7a0b7b1aaab85b0b6a1a4eba2aab3"><span class="__cf_email__" data-cfemail="4506373c363124296b152028272037312a2b05303621246b222a33">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB)
regulation (5 CFR 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 the Agency is submitting to OMB as extension to an existing
collection with Agency adjustment.
Title: 7 CFR part 1951; subpart F, Analyzing Credit Needs and
Graduation of Borrowers.
OMB Control Number: 0575-0093.
Expiration Date of Approval: November 30, 2022.
Type of Request: Extension of a currently approved information
collection.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average 1 hours per response.
Respondents: Public bodies, Not for Profits, or Indian Tribes.
Estimated Number of Respondents: 437.
Estimated Number of Responses per Respondent: 1.
Estimated Number of Hours per Response: 2.
Estimated Total Annual Burden on Respondents: 884.
Abstract: Section 333 of the Consolidated Farm and Rural
Development Act (CONACT) (7 U.S.C. 1983) requires the Agencies to
graduate their direct loan borrowers to other credit when possible.
Graduation is required because the Government loans are not to be
extended beyond a borrower's need for subsidized rates or Government
credit. Borrowers must refinance their direct Government loan when
other credit becomes available at reasonable rates and terms. If other
credit is not available, the Agencies will continue to periodically
review the account for possible graduation intervals. The information
collected to carry out these statutory mandates is financial data such
as amount of income, operating expenses, asset values and liabilities.
This information collection is then submitted by the Agencies to
private creditors. The reporting burden covered by this collection of
information consists of forms, documents and written burden to support
a request for funding for analyzing credit needs and graduation of
borrowers.
Comments are invited on:
(a) Whether the proposed 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
proposed 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
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.
Copies of this information collection can be obtained from Crystal
Pemberton, Rural Development Innovation Center--Regulations Management
Division, at 202-260-8621. Email: <a href="/cdn-cgi/l/email-protection#f6b5848f8582979ad8a6939b949384829998b683859297d8919980"><span class="__cf_email__" data-cfemail="cd8ebfb4beb9aca1e39da8a0afa8bfb9a2a38db8bea9ace3aaa2bb">[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.
Joaquin Altoro,
Administrator, Rural Housing Service.
[FR Doc. 2022-15650 Filed 7-21-22; 8:45 am]
BILLING CODE 3410-XV-P
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