Farm Loan Programs - Direct Loan Making

OMB Control No: 0560-0237	ICR Reference No: 201207-0560-004
Status: Historical Active	Previous ICR Reference No: 201104-0560-004
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - Direct Loan Making
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/18/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/03/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved	02/28/2014
Responses	667,543	0	685,441
Time Burden (Hours)	320,891	0	327,162
Cost Burden (Dollars)	0	0	0

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Abstract: Information is used to determine applicant's eligibility for a direct loan; ensure cash flow projections are based on actual production history; ensure that loan is adequately secured; and obtain assignments on income or sales proceeds to ensure timely repayment of the loan.

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Authorizing Statute(s): US Code: 7 USC 1921 Name of Law: CONACT

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 51751	08/27/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 243	12/18/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name Farm Loan Programs - Direct Loan Making FSA-2314 ******NEW, FSA-2360, FSA-2361, FSA-2342, FSA-2319, FSA-2028, FSA-2317, FSA-2344, FSA-2302, FSA-2352, FSA-2003, FSA-2027, FSA-2029-M/D, FSA-2371, FSA-2375, FSA-2376, FSA-2002, FSA-2004, FSA-2005, FSA-2006, FSA-2041, FSA-2042, FSA-2370, FSA-2309, FSA-2340, FSA-2026, FSA-2310, FSA-2341, FSA-2007, FSA-2044, FSA-2043, FSA-2320, FSA-2318, FSA-2001, FSA-2014, FSA-2015, FSA-2029-M/D, FSA-2301, FSA-2313, FSA-2350, FSA-2351 Request for loan making assistance. ,   Three-Year Financial History ,   Three-year Production History ,   Authorization to release information ,   Creditor List ,   Property Owned and Leased ,   Statement Required by the Privacy Act ,   Verification of debts and assets ,   Verification of Income ,   Promissory Note ,   Supplemental payment agreement ,   Security Agreement ,   RE mortgage/deed of trust ,   RE Mortgage/deed of trust ,   Consent and subordination ,   Assignment of Proceeds- consent to payment ,   Assignment of proceeds & consent to payment ,   Assignment of dairy proceeds ,   Assignment of income ,   Request for youth loan ,   Description of farm training and experience ,   Certification of disaster losses ,   Lender's verification of loan application ,   Notification of loan approval and conditions ,   Agreement for disposition of jointly-owned property ,   Agreement with prior lienholder ,   Property insurance mortgage clause ,   Selection of attorney/title company ,   Certification of attorney/title company ,   Certification of attorney/title company ,   Preliminary title opinion ,   Loan closing instructions ,   Certification fo improvement of property ,   Final title opinion ,   Report of lien search ,   Lender subordination agreement ,   Request for waiver fo borrower training requirements ,   Agreement to complete training ,   Agreement to conduct production financial training ,   Borrower training course evaluation ,   Streamlined Request for Direct OL Assistance

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	667,543	685,441	0	-17,898	0	0
Annual Time Burden (Hours)	320,891	327,162	0	-6,271	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Forms

Short Statement: Each person applying for an FSA Farm Loan completes the currently approved forms (referred to below as "the standard application forms"). In this revision request, FPL is adding a new streamlined form FSA-2314. This results in an increase program change of 1,890 hours and 3,781 responses just for the new streamlined form. Use of the new form will reduce responses by -21,679 and burden by -8,161 hours on the other standard forms in this collection. Therefore, the overall information collection is decreased by -6,271 hours (327,162 minus 320,891) and -17,898 responses (685,441 minus 667,543).

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Annual Cost to Federal Government: $95,839,805

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Mary Ann Ball 202-720-4283 [email protected]

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Common Form ICR:  No

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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:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(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;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
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.
Certification Date: 01/03/2013

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