Notice2022-23595
Submission for OMB Review; Comment Request
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
October 31, 2022
Issuing agencies
Agriculture Department
Full Text
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<title>Federal Register, Volume 87 Issue 209 (Monday, October 31, 2022)</title>
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[Federal Register Volume 87, Number 209 (Monday, October 31, 2022)]
[Notices]
[Pages 65568-65569]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23595]
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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 required regarding; whether the
[[Page 65569]]
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 November
30, 2022 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
<a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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.
Farm Service Agency
Title: 7 CFR 764, Direct Loan Making.
OMB Control Number: 0560-0237.
Summary of Collection: The Farm Loan Program (FLP) in the Farm
Service Agency (FSA) provides loans to family farmers to purchase real
estate and equipment and finance agricultural production. The
regulation as specified in 7 CFR 764 covered by this collection
describes the policies and procedures the agency uses to provide
supervised credit to FLP applicants requesting direct loan assistance
in accordance with the provisions of the Consolidated Farm and Rural
Development Act (CONTACT) (Pub. L. 87-128), as amended. Direct loan
making information collection requirements include financial and
production records of the operation, as well as information necessary
to obtain liens on collateral, provide evidence of the indebtedness,
and ensure repayment of the loan. FSA will use several forms and non-
forms to collect the information.
Need and Use of the Information: Information is submitted by the
applicants to the local agency office serving the county in which their
business is headquartered. The information is necessary to thoroughly
evaluate the applicant's request for a direct loan and is used by
agency officials to: (1) Ensure that cash flow projections used in
determining loan repayment are based on the actual production history
of the operation, (2) Ensure that a loan is adequately secured; (3)
Ensure the applicant meets the statutorily established program
eligibility requirements; and (4) Obtain assignment on income or sales
proceeds, when appropriate, to ensure timely repayment of the loans.
Since the agency is mandated to provide supervised credit, failure
to collect the information, or collecting it less frequently, could
result in the failure of the farm operation or loss of agency security
property.
Description of Respondents: Business or other for-profit; Farms.
Number of Respondents: 184,871.
Frequency of Responses: Reporting: On occasion; Annually.
Total Burden Hours: 285,272.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2022-23595 Filed 10-28-22; 8:45 am]
BILLING CODE 3410-05-P
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</html>Indexed from Federal Register on October 31, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.