7 CFR 1980-E, Business and Industrial Loan Program

OMB Control No: 0570-0014	ICR Reference No: 201506-0570-001
Status: Historical Active	Previous ICR Reference No: 201112-0570-004
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: 7 CFR 1980-E, Business and Industrial Loan Program
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/08/2015
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/04/2015
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved	09/30/2015
Responses	189	0	268
Time Burden (Hours)	600	0	871
Cost Burden (Dollars)	0	0	0

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Abstract: The collection of information is submitted to the Agency for use in making program eligibility, financial feasability, and loan security determinations.

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Authorizing Statute(s): US Code: 7 USC 1932 Name of Law: Consolidated Farm and Rural Development Act

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:
	80 FR 31349	06/02/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 46236	08/04/2015
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 7 CFR 1980-E, Business and Industrial Loan Program RD 449-1, RD 449-2 Application for Loan and Guarantee ,   Statement of Collateral

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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	189	268	0	0	-79	0
Annual Time Burden (Hours)	600	871	0	0	-271	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: No

Burden Reduction Due to:

Short Statement: There is a decrease in the number of responses by 79 to 189 and a 271 decrease in burden hours to 600. The number of burden hours and associated costs have changed principally as a result of a decrease from the previous 59 direct loans to 40 direct loans now in the program portfolio. Also, the number of borrower visits and financial statements have each decreased from 59 to 40.

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Annual Cost to Federal Government: $10,920

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: Brenda Griffin 202 720-6802 [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: 08/04/2015

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