Information is used in eligibility and feasibility determinations on borrowers' requests for disaster set-aside; primary loan servicing (reamortization, rescheduling, deferral, write down and conservation contractos), buyout at market value, and homestead protection, as well as liquidation of security.
The information collections applicable to FLP currently are approved under control numbers 0560-0160, 0560-0161, 0560-0164, 0560-0251, 0575-0147, and 0575-0172. As a result of the final rule, we are creating new requests and eliminating these collections. This collection replaces existing approvals that totaled 15,680 hours. The new request reflects a decrease 0f 7,166 hours due to adjustments in response time and number of respondents. It also represents a 677 hour increase the total burden hours for FLP. The majority of this increase is attributed to the addition of existing information collections that are currently unapproved.
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.
Farm Loan Programs - Direct Loan Servicing - Special (7 CFR 766)