Farm Loan Programs - Direct Loan Making

OMB Control No: 0560-0237	ICR Reference No: 201507-0560-001
Status: Historical Active	Previous ICR Reference No: 201407-0560-001
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: 05/03/2016
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/27/2016
Terms of Clearance: This ICR is approved with the understanding that any changes to the forms during this approval period will be submitted as non-substantive changes or revisions.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2019	36 Months From Approved	05/31/2016
Responses	698,437	0	698,437
Time Burden (Hours)	343,759	0	343,759
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:
	80 FR 60615	10/07/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 3776	01/22/2016
Did the Agency receive public comments on this ICR? Yes

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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-2041, FSA-2042, FSA-2370, FSA-2309, FSA-2340, FSA-2026, FSA-2002, FSA-2004, FSA-2005, FSA-2006, FSA-2043, FSA-2001, FSA-2014, FSA-2015, FSA-2320, FSA-2318, FSA-2029-M/D, FSA-2301, FSA-2310, FSA-2341, FSA-2044, FSA-2007, FSA-2313, FSA-2330, FSA-2350, FSA-2351, Revised - FSA-2313 , FSA-2314 ******NEW, FSA-2360, FSA-2361, FSA-2342, FSA-2317, FSA-2319, FSA-2028, FSA-2344, FSA-2376, FSA-2302, FSA-2352, FSA-2003, FSA-2027, FSA-2371, FSA-2375 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 ,   REQUEST FOR MICROLOAN ASSISTANCE ,   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 ,   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 ,   Verification of Income ,   Promissory Note ,   Supplemental payment agreement ,   Security Agreement ,   Consent and subordination ,   Assignment of Proceeds- consent to payment ,   Loan closing instructions ,   Certification fo improvement of property ,   Final title opinion ,   RE mortgage/deed of trust ,   NOTIFICATION OF LOAN APPROVAL AND BORROWER RESPONSIBILITIES

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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	698,437	698,437	0	0	0	0
Annual Time Burden (Hours)	343,759	343,759	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $14,531,944

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: 01/27/2016

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