In accordance with E.O. No. 12291 review and approval under the Paperwork Reduction Act, the information collection is approved for use through February 1989. The USDA Farmers Home Administration (FmHA) should review the instructions to see if a reduction in burden can be achieved through simplifying the general policies and procedures used in servicing loans and focusing them to achieve the program objections of providing loan assistance to worthy applicants unable to obtain commercial credit. Simplifying and focusing the policies and procedures of loan applications will be one of the subjects for the Information Collection Budget meeting to be scheduled later in September. The FmHA will review the uses for which the information is collected to determine if all the information is required and appropriate. Particular attention should be given to assuring that all the information requested is, first, relevant to evaluate the risk, the feasibility of the individual loan proposal and the inability of applicants to obtain commercial credit, and, second, that all duplicative information is eliminated.
Inventory as of this Action
Requested
Previously Approved
02/28/1989
02/28/1989
338,533
0
0
150,082
0
0
0
0
0
REGULATION PROMULGATES THE POLICIES AND PROCEDURES FOR SERVICING OPERATING (OL), FARM OWNERSHIP (FO), SOIL AND WATER (SW), SOFTWOOD TIMBER (ST), EMERGENCY (EM), ECONOMIC EMERGENCY (EE), SPECIAL LIVESTOC (SL), ECONOMIC OPPORTUNITY (EO), AND RURAL HOUSING (RHF) FARMERS HOME ADMINISTRATION LOANS.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.