Notice2024-16038
Information Collection Request; Direct Loan Servicing-Special
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, 2024
Issuing agencies
Agriculture DepartmentFarm Service Agency
Abstract
In accordance with the Paperwork Reduction Act requirement, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on an extension of a currently approved information collection that supports Direct Loan Servicing-- Special. The information is used in eligibility and feasibility determinations on borrower requests for disaster set-aside, primary loan servicing, buyout at market value, and homestead protection, as well as liquidation of security.
Full Text
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<title>Federal Register, Volume 89 Issue 140 (Monday, July 22, 2024)</title>
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[Federal Register Volume 89, Number 140 (Monday, July 22, 2024)]
[Notices]
[Pages 59038-59039]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16038]
[[Page 59038]]
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DEPARTMENT OF AGRICULTURE
Farm Service Agency
[Docket ID: FSA-2024-0008]
Information Collection Request; Direct Loan Servicing--Special
AGENCY: Farm Service Agency, USDA.
ACTION: Notice; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act requirement,
the Farm Service Agency (FSA) is requesting comments from all
interested individuals and organizations on an extension of a currently
approved information collection that supports Direct Loan Servicing--
Special. The information is used in eligibility and feasibility
determinations on borrower requests for disaster set-aside, primary
loan servicing, buyout at market value, and homestead protection, as
well as liquidation of security.
DATES: We will consider comments that we receive by September 20, 2024.
ADDRESSES: We invite you to submit comments in response to this notice.
FSA prefers that the comments are submitted electronically through the
Federal eRulemaking Portal, identified by Docket ID No. FSA-2024-0008.
Go to <a href="http://www.regulations.gov">http://www.regulations.gov</a> and search for docket ID FSA-2024-
0008. Follow the online instructions for submitting comments.
All comments received will be posted without change and made
publicly available on <a href="http://www.regulations.gov">www.regulations.gov</a>.
FOR FURTHER INFORMATION CONTACT: Lee Nault; by telephone: (202) 720-
6834; or by email: <a href="/cdn-cgi/l/email-protection#5b373e3e75353a2e372f1b2e283f3a753c342d"><span class="__cf_email__" data-cfemail="d3bfb6b6fdbdb2a6bfa793a6a0b7b2fdb4bca5">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Farm Loan Programs; Direct Loan Servicing--Special.
OMB Control Number: 0560-0233.
OMB Expiration Date: 10/31/2024.
Type of Request: Extension.
Abstract: FSA's Farm Loan Programs provide loans to family farmers
to purchase real estate and equipment and finance agricultural
production. 7 CFR 766, Direct Loan Servicing-Special, provides the
requirements for servicing financially distressed and delinquent direct
loan borrowers. FSA's loan servicing options include disaster set-
aside, primary loan servicing (including reamortization, rescheduling,
deferral, write down and conservation contracts), buyout at market
value, and homestead protection. FSA also services borrowers who file
bankruptcy or liquidate security when available servicing options are
not sufficient to produce a feasible plan. The information collections
contained in the regulation are necessary to evaluate a borrower's
request for consideration of the special servicing actions.
The annual burden hours and the number of respondents and responses
is estimated to remain the same in this renewal request.
When FSA is ready to implement a new servicing option for the
distressed borrowers, FSA will expect to utilize the same collection
already established under the Disaster Set-Aside process.
Since the last OMB approval, most special servicing activities have
been stayed due to FSA's response to the Coronavirus (COVID-19)
National Emergency, unless a borrower requested servicing assistance.
Therefore, estimates prior to the stay are considered the most accurate
and no additional revisions to the estimated annual burden hours and
number of respondents have been made.
For the following estimated total annual burden on respondents, the
formula used to calculate the total burden hour is the estimated
average time per response multiplied by the estimated total annual
responses.
Estimate of Respondent Burden: Public reporting burden for this
information collection is estimated to average 0.376 hours per response
to include the time for reviewing instructions, searching information,
gathering and maintaining the information, and completing and reviewing
the collection of information.
Respondents: Individuals or households, businesses or other for-
profit farms.
Estimated Annual Number of Respondents: 32,496.
Estimated Number of Reponses per Respondent: 1.00.
Estimated Total Annual Responses: 32,496.
Estimated Average Time per Response: 0.376 hours.
Estimated Total Annual Burden on Respondents: 12,221 hours.
We are requesting comments on all aspects of this information
collection to help us to:
(1) Evaluate whether the collection of information is necessary for
the proper performance of the functions of the FSA, including whether
the information will have practical utility;
(2) Evaluate the accuracy of the FSA's estimate of burden including
the validity of the methodology and assumptions used;
(3) Enhance the quality, utility, and clarity of the information to
be collected;
(4) Minimize the burden of the collection of information on those
who are to respond, including using appropriate automated, electronic,
mechanical, or other technological collection techniques or other forms
of information technology.
All comments received in response to this notice will be a matter
of public record. Comments will be summarized and included in the
submission for Office of Management and Budget approval.
USDA Non-Discrimination Policy
In accordance with Federal civil rights law and U.S. Department of
Agriculture (USDA) civil rights regulations and policies, USDA, its
Agencies, offices, and employees, and institutions participating in or
administering USDA programs are prohibited from discriminating based on
race, color, national origin, religion, sex, gender identity (including
gender expression), sexual orientation, disability, age, marital
status, family or parental status, income derived from a public
assistance program, political beliefs, or reprisal or retaliation for
prior civil rights activity, in any program or activity conducted or
funded by USDA (not all bases apply to all programs). Remedies and
complaint filing deadlines vary by program or incident.
Individuals who require alternative means of communication for
program information (for example, braille, large print, audiotape,
American Sign Language, etc.) should contact the responsible Agency or
USDA TARGET Center at (202) 720-2600 (voice and text telephone (TTY))
dial 711 for Telecommunications Relay Service (both voice and text
telephone users can initiate this call from any telephone).
Additionally, program information may be made available in languages
other than English.
To file a program discrimination complaint, complete the USDA
Program Discrimination Complaint Form, AD-3027, found online at <a href="https://www.usda.gov/oascr/how-to-file-a-program-discrimination-complaint">https://www.usda.gov/oascr/how-to-file-a-program-discrimination-complaint</a> and
at any USDA office or write a letter addressed to USDA and provide in
the letter all the information requested in the form. To request a copy
of the complaint form, call (866) 632-9992. Submit your completed form
or letter to USDA by: (1) mail to: U.S. Department of Agriculture,
Office of the Assistant Secretary for Civil Rights, 1400 Independence
Avenue SW, Washington, DC 20250-9410; (2) fax: (202) 690-7442; or (3)
email: <a href="/cdn-cgi/l/email-protection#dcacaeb3bbaebdb1f2b5b2a8bdb7b99ca9afb8bdf2bbb3aa"><span class="__cf_email__" data-cfemail="e191938e8693808ccf888f95808a84a194928580cf868e97">[email protected]</span></a>.
[[Page 59039]]
USDA is an equal opportunity provider, employer, and lender.
Zach Ducheneaux,
Administrator, Farm Service Agency.
[FR Doc. 2024-16038 Filed 7-19-24; 8:45 am]
BILLING CODE 3411-E2-P
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