7 CFR 1956-C, Debt Settlement -- Community and Business Programs
Revision of a currently approved collection
No
Regular
Approved without change
09/16/2010
05/12/2010
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
09/30/2013
36 Months From Approved
09/30/2010
3,015
0
85
1,772
0
702
0
0
0
The purpose of the debt settlement function is to provide the delinquent client with an equitable tool for the compromise, adjustment, cancellation or charge-off of a debt owed to the Agency. Failure to collect information could result in improper servicing of these loans.
The adjustment increases in responses and burden hours is attributed to accounting for FSA use of form RD 1956-1 and other non-form information collected. It also includes burden for RD 1956-1 that was inadvertantly omitted from the previous submission.
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.