The Department of the Interior can guarantee or insure up to 90% of loans that private lenders extend to Indian tribes or individuals for economic enterprises on reservations. The information collected allows the Department to determine eligibility for the program, ensure reasonable prospects for repayment, and stay abreast of developments in the enterprises financed with guaranteed or insured loans.
The Department has made a few adjustments to its burden estimates. The first adjustment was to correct a typo that had occurred in ROCIS, which indicated that each respondent submitted 11 responses, instead of 1 response, for the program agreement. The Department also separated out the information collection associated with notice of individual loans from the program agreement for clarity, as lenders first enter into the program, and then later, separately enter into individual loans that the Department may guarantee or insure under the program. The Department also separated out the information collection associated with assigning loan documents, which had been combined with the claim for loss information collection. As a result, the Department has decreased its estimate of agency responses by 170 and decreased its estimated hour burden by 410.
$29,773
No
No
No
No
No
Uncollected
Elizabeth Appel 202 273-4680
No
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.