The collection is used to provide supervised credit as legislatively mandated, ensure when loan funds are used for construction, work is completed according to applicable state and local standards; ensure loan repayment plan is developed using realistic data; and develop a loan assessment.
This Justification for Change request is to merge the following information collection 0560-0271 into 0560-0238. Because rulemaking was involved, a new collection was created. Within the rule and supporting statement, it stated that upon OMB approval the collection will be merged into 0560-0238. As a result of the merger the number of respondent increased by 1804, the number of responses increased by 4358 and the number of burden hours increased by 3949. The new total burden for this collection is 252,500.
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.