The reinstatement with change is approved for 18 months to allow the agency to finalize the Guaranteed Program Regulations. Before its next submission, when the rules are finalized, the agency will review the information collections covered by this OMB control number and streamline them in accordance with the PRIT's findings and recommendations, when they are available. Also, the agency will ensure that questions concerning race and ethnicity adhere to OMB guidlines governing the collection of this information.
Inventory as of this Action
Requested
Previously Approved
06/30/2000
06/30/2000
283,701
0
0
197,962
0
0
0
0
0
The information collection requirements imposed on the public by regulations set out in 7 CFR 1980, subpart B, are necessary to administer the Farm Loan Program (FLP) guaranteed loan program in accordance with the Consolidated Farm and Rural Development Act. These collection requirements are consistent with commonly performed lending practices. Collection of information before the loan is made is necessary to determine compliance with statutory and regulatory program requirements. Collection of information after loans are made is necessary to protect the Government's financial interest.
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.