Notice2022-26693
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
December 8, 2022
Issuing agencies
Agriculture Department
Full Text
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<title>Federal Register, Volume 87 Issue 235 (Thursday, December 8, 2022)</title>
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[Federal Register Volume 87, Number 235 (Thursday, December 8, 2022)]
[Notices]
[Pages 75216-75217]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-26693]
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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 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 January
9, 2023 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 under the 7 CFR 764 covered by this collection describes the
policies and procedures that FSA uses to provide supervised credit to
FLP applicants requesting direct loan assistance to comply with the
provisions of the Consolidated Farm and Rural Development Act (CONACT;
Pub. L. 87-128), as amended. Direct loan making information collection
requirements include financial and production records of the operation,
as
[[Page 75217]]
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.
In the Executive Order 14058, the Secretary of Agriculture tasked
FSA with simplifying the direct loan application process. As such,
forms FSA-2001, FSA-2002, FSA-2003, FSA-2004, FSA-2005, FSA-2006, FSA-
2037, FSA-2038, FSA-2302, and FSA-2330 have been consolidated into a
single form for the purposes of direct loan making and that
consolidation is reflected in this collection.
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 FSA
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 and Farms.
Number of Respondents: 177,394.
Frequency of Responses: Reporting: On occasion; Annually.
Total Burden Hours: 295,850.
Ruth Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2022-26693 Filed 12-7-22; 8:45 am]
BILLING CODE 3410-05-P
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</html>Indexed from Federal Register on December 8, 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.