Notice2024-18506
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
August 19, 2024
Issuing agencies
Agriculture Department
Full Text
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<title>Federal Register, Volume 89 Issue 160 (Monday, August 19, 2024)</title>
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[Federal Register Volume 89, Number 160 (Monday, August 19, 2024)]
[Notices]
[Page 67058]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-18506]
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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 requested 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
September 18, 2024 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.
Rural Housing Service
Title: 7 CFR 1927-B, ``Real Estate Title Clearance and Loan
Closing''.
OMB Control Number: 0575-0147.
Summary of Collection: The Rural Housing Service (RHS) is the
credit agency for rural housing and community development within the
Rural Development mission area of the United States Department of
Agriculture. This regulation prescribes the policies and
responsibilities including the collection and use of information
necessary to complete real estate title clearance and loan closing of
Rural Housing (RH) loans. Section 501 of title V of the Housing Act of
1949, as amended, authorizes the Secretary of Agriculture to extend
financial assistance to construct, improve, alter, repair, replace or
rehabilitate dwellings, farm buildings, and/or related facilities to
provide decent, safe, and sanitary living conditions and adequate farm
buildings and other structures in rural areas. The secretary is
authorized to prescribe regulations to ensure that these loans, made
with Federal funds, are legally secured.
Need and Use of the Information: The approved attorney/title
company (closing agent) and the field office staff collect the required
information. Forms and or guidelines are provided to assist in the
collection, certification and submission of this information. Most of
the forms collect information that is standard in the industry. If the
information is collected less frequently, the agency would not obtain
the proper security position on the properties being taken as security
and would have no evidence that the closing agents and agency meet the
requirements of this regulations.
Description of Respondents: Individuals or households; Business or
other for-profit, Not-for-profit institutions; Farms.
Number of Respondents: 12,285.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 3,316.
Rural Housing Service
Title: 7 CFR 1902-A, Supervised Bank Accounts.
OMB Control Number: 0575-0158.
Summary of Collection: 7 CFR 1902-A, Supervised Bank Accounts
(SBA), prescribes the policies and procedures for disbursing loan and
grant funds, establishing and closing supervised accounts, and placing
Multi-Family housing reserve accounts in supervised accounts. The Rural
Business Service extends financial assistance to applicants that do not
qualify for loans under commercial rates and terms. The Rural Housing
Service (RHS) is the credit agency for agriculture and rural
development in USDA. Supervised accounts are accounts with a financial
institution in the names of a borrower and the United States
Government, represented by Rural Housing Service, Rural Business-
Cooperative Service, Rural Utilities Service, (Agency). Section 339 of
the Consolidated Farm and Rural Development Act, 7 U.S.C. 1989 and
section 510 of the Housing Act of 1949, as amended, (42 U.S.C. 1480) is
the legislative authorities requiring the use of supervised accounts.
Need and Use of the Information: The agency's state and field
offices will collect information from borrowers and financial
institutions. The Agency use SBA as a mechanism to (1) ensure correct
disbursement and expenditure of all funds designated for a project; (2)
help a borrower properly manage its financial affairs; (3) ensure that
the Government's security is protected adequately from fraud, waste and
abuse. The consequence to Federal program and policy activities if the
collection of information was not conducted would be detrimental to
both the Government and to borrowers.
Description of Respondents: Business or other for-profit.
Number of Respondents: 13,052.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 4,781.
Levi S. Harrell,
Departmental Information Collection Clearance Officer.
[FR Doc. 2024-18506 Filed 8-16-24; 8:45 am]
BILLING CODE 3410-XV-P
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</html>Indexed from Federal Register on August 19, 2024.
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