Microloan Operating Loan - Direct Loan Making

Forms and Documents

Document Name	Status
Form FSA-2330 Mircoloan Operating Loan - Direct Loan Making Form	New
ML Supporting Statement 2012 .docx Supporting Statement A	2012-05-30
FSA-85-1_Reporting_and_Recordkeeping_Requirement_for_ML[1].docx Supplementary Document	2012-05-30

IC Document Collections

IC ID	Document Title	Status
202372	Mircoloan Operating Loan - Direct Loan Making Form	New

ICR Details

OMB Control No: 0560-0281	ICR Reference No: 201205-0560-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Microloan Operating Loan - Direct Loan Making
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 08/27/2012
	Date Received in OIRA: 05/30/2012
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. In accordance with 5 CFR 1320, the information collection is not approved at this time. Prior to publication of the final rule, the agency should provide to OMB a summary of all comments received on the proposed information collection and identify any changes made in response to these comments.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Farm Service Agency in Loan Program is implementing a new application process and options for eligibility determination for small loans within existing Operating Loan (OL) program.

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Authorizing Statute(s): US Code: 7 USC 1921 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:
0560-AI17	Proposed rulemaking	77 FR 102	05/25/2012

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Federal Register Notices & Comments

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
Mircoloan Operating Loan - Direct Loan Making	FSA-2004, FSA-2007, FSA-2014, FSA-2015, FSA-2026, FSA-2027, FSA-2028, FSA-2029D, FSA-2330, FSA-2002, FSA-2029m, FSA-2041, FSA-2042, FSA-2043, FSA-2313, FSA-2360, FSA-2370, FSA-2371, FSA-2376, FSA-2003	Request for Loan Making Assistance ,   Three-Year Financial History ,   Three Year Production History ,   Authorization to release information ,   Statement Required by the Privacy Act ,   Verification of income - loan making (only if additonal info required) ,   Verificaiton of debts and assets - OL (if only if additonal info required) ,   Promissory Note ,   Supplement payment agreement ,   Security Agreement - OL lien on property financed ,   Deed of Trust ,   RE Mortgage ,   Assignment of proceeds and consent to payment ,   Assignment of proceeds and consent to payment ,   Assignment of dairy proceeds - applicant and purchaser ,   Notification of loan approval and conditions ,   Report of Lien Search ,   Request for waiver of borrower training requirements ,   Agreement to complete training ,   Borrower training course evaulation

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This is a new information collection. This collection of information will be merged with existing information collection of 0560-0237, Direct Loan Making.

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Annual Cost to Federal Government: $4,537,680

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

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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: 05/30/2012

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