Notice2023-01211
Notice of Request for Approval of a New Information Collection
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
January 23, 2023
Issuing agencies
Agriculture DepartmentRural Housing Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, this notice announces the intention of the Rural Business-Cooperative Service, Rural Housing Service, and the Rural Utilities Service, agencies of the Rural Development mission area within the U.S. Department of Agriculture (USDA), hereinafter collectively referred to as the Agency to request approval for a new information collection in support of compliance with applicable acts for federal debt credit reporting and employment verification.
Full Text
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<title>Federal Register, Volume 88 Issue 14 (Monday, January 23, 2023)</title>
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[Federal Register Volume 88, Number 14 (Monday, January 23, 2023)]
[Notices]
[Pages 3967-3968]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01211]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
[Docket No. RHS-23-Admin-0001]
Notice of Request for Approval of a New Information Collection
AGENCY: Rural Housing Service, Rural Business-Cooperative Service, and
Rural Utilities Service, USDA.
ACTION: Notice and request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the intention of the Rural Business-Cooperative
Service, Rural Housing Service, and the Rural Utilities Service,
agencies of the Rural Development mission area within the U.S.
Department of Agriculture (USDA), hereinafter collectively referred to
as the Agency to request approval for a new information collection in
support of compliance with applicable acts for federal debt credit
reporting and employment verification.
DATES: Comments on this notice must be received by March 24, 2023.
ADDRESSES: Comments may be submitted by the following method:
<bullet> Federal eRulemaking Portal: This website provides the
ability to type short comments directly into the comment field on this
web page or attach a file for lengthier comments. Go to <a href="http://www.regulations.gov">http://www.regulations.gov</a>. Follow the on-line instructions at that site for
submitting comments.
FOR FURTHER INFORMATION CONTACT: Lynn Gilbert, Rural Development
Innovation Center--Regulations Management Division, USDA, 1400
Independence Avenue SW, South Building, Washington, DC 20250-1522.
Telephone: (202) 690-2682. Email <a href="/cdn-cgi/l/email-protection#b0dcc9dede9ed7d9dcd2d5c2c4f0c5c3d4d19ed7dfc6"><span class="__cf_email__" data-cfemail="6905100707470e00050b0c1b1d291c1a0d08470e061f">[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 an information collection that Rural
Development is submitting to OMB for a new collection.
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.
Comments may be sent by the Federal eRulemaking Portal: Go to
<a href="http://www.regulations.gov">http://www.regulations.gov</a> and, in the lower ``Search Regulations and
Federal Actions'' box, select ``RHS'' from the agency drop-down menu,
then click on ``Submit.'' In the Docket ID column, select RHS-23-Admin-
0001 to submit or view public comments and to view supporting and
related materials available electronically. 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 ``User Tips'' link.
[[Page 3968]]
Title: 7 CFR 1910--Common Forms Package for Federal Debt and
Employment Verification Forms.
OMB Number: 0575-New.
Expiration Date of Approval: Three years from approval date.
Type of Request: New information collection.
Abstract: The information collection under OMB Number 0575-New will
enable the Agencies to effectively monitor a recipient's compliance
with the federal debt reporting and to determine employment
verification and eligibility for Federal financial assistance.
The Agencies offer supervised credit programs to build modest
housing and essential community facilities in rural areas. Section
517(d) of Title V of the Housing Act of 1949, as amended, provides the
authority for the Secretary of Agriculture to issue loan guarantees for
the acquisition of new or existing dwellings and related facilities to
provide decent, safe, and sanitary living conditions and other
structures in rural areas.
Because the Agency extends credit through loan guarantees, it is
necessary to collect information from both a potential homebuyer,
lender or other entity. All information collected is vital for the
Agency to determine if borrowers qualify for all assistance for which
they are eligible.
The Agency loan guarantee is used to offset the lender's risk of
originating loan-to-value ratio loans in rural areas and is not
intended to offset risks that stem from inadequate employment, credit
history, or substandard property condition. Lenders must provide the
Agency with clear and accurate information so Agency staff can promptly
determine if the loan qualifies for a loan guarantee.
Information requested can include financial documents such as
confirmation of household income, assets and liabilities, a credit
record, evidence the borrower has adequate repayment ability for the
loan amount requested and if the condition and location of the property
meet program guidelines. All information is necessary to confirm the
borrower qualifies for all assistance for which they are eligible.
In accordance with OMB Circular A-129, Agencies must make sure that
lenders and servicers participating in Federal Credit programs meet all
applicable financial and programmatic requirements. To ensure these
standards are met, the Agency must collect documentation that
demonstrates the lender's ability to originate, underwrite, service and
report loans in accordance with Agency program guidelines is collected.
Information collected must support that a participating lender has a
high standard of demonstrated ability to originate and service sound
loans and operates in a prudent and businesslike manner.
Estimate of Burden: RD is requesting approval for one respondent
and a one-hour place holder in order for OMB to issue a control number
for these forms. The burden for each of the forms will be accounted for
within the individual Rural Development program collection packages
using the form(s).
Respondents: Not-for-profit institutions; Business or other for
profit.
Estimated Number of Responses per Respondent per Form in Package
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Responses per
Form No. respondent
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1910-11, 1910-5....................................... 1
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Comments from interested parties are invited on: (1) 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; (2) 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; (3) ways to enhance the quality, utility, and clarity of the
information to be collected; and (4) ways to minimize the burden of the
collection of information on those who are to respond, including 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.
Joaquin Altoro,
Administrator, Rural Housing Service.
[FR Doc. 2023-01211 Filed 1-20-23; 8:45 am]
BILLING CODE 3410-XY-P
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