In accordance
with the Paperwork Reduction Act and 5 CFR 1320, this information
collection request is approved for use through 12/93. When
resubmitting this collection, FmHA should submit an evaluation of
the practical utility of this revised collection which addresses
the OIG Audit (04099-269-AT) findings indicating that the FmHA
procedures do not provide sufficient guidance to ensure effective
and consistent processing of debt settlements. Specific issues the
FmHA should evaluate include: (1) whether the changes made to this
collection (in particular FmHA Form 1956-2) have increased the
effectiveness and consistency of its debt settlement decisions, (2)
how the information is specifically evaluated and used at the
County, State, and National level, and (3) whether the cost of
collecting the information exceeds the benefit of a specific
settlement activity (e.g., a Compromise, Adjustment, Charge-off, or
Cancellation action).
Inventory as of this Action
Requested
Previously Approved
12/31/1993
12/31/1993
29,900
0
0
14,825
0
0
0
0
0
REGULATION IS BEING AMENDED TO INCLUDE
DEBT SETTLEMENT OF ALL HOUSING LOANS AND TO LIMIT ADJUSTMENT OFFERS
TO 5 YEARS EXCEPT FOR RURAL HOUSI LOANS. THIS ACTION IS INTENDED TO
REDUCE THE VOLUME OF SETTLEMENTS SUBMITTED TO FMHA AND TO FURTHER
IMPLEMENT THE INTENT OF THE FOOD SECURITY ACT OF 1985 AND THE
AGRICULTURAL CREDIT ACT OF 1987.
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.