Farm Loan Programs - Direct Loan Making

ICR 201207-0560-004

OMB: 0560-0237

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
1567 Modified
ICR Details
0560-0237 201207-0560-004
Historical Active 201104-0560-004
USDA/FSA
Farm Loan Programs - Direct Loan Making
Revision of a currently approved collection   No
Regular
Approved with change 02/18/2013
Retrieve Notice of Action (NOA) 01/03/2013
  Inventory as of this Action Requested Previously Approved
02/29/2016 36 Months From Approved 02/28/2014
667,543 0 685,441
320,891 0 327,162
0 0 0

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.

US Code: 7 USC 1921 Name of Law: CONACT
  
None

Not associated with rulemaking

  77 FR 51751 08/27/2012
77 FR 243 12/18/2012
No

1
IC Title Form No. Form Name
Farm Loan Programs - Direct Loan Making FSA-2314 ******NEW, FSA-2360, FSA-2361, FSA-2342, FSA-2319, FSA-2028, FSA-2317, FSA-2344, FSA-2302, FSA-2352, FSA-2003, FSA-2027, FSA-2029-M/D, FSA-2371, FSA-2375, FSA-2376, FSA-2002, FSA-2004, FSA-2005, FSA-2006, FSA-2041, FSA-2042, FSA-2370, FSA-2309, FSA-2340, FSA-2026, FSA-2310, FSA-2341, FSA-2007, FSA-2044, FSA-2043, FSA-2320, FSA-2318, FSA-2001, FSA-2014, FSA-2015, FSA-2029-M/D, FSA-2301, FSA-2313, FSA-2350, FSA-2351 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 ,   Verification of Income ,   Promissory Note ,   Supplemental payment agreement ,   Security Agreement ,   RE mortgage/deed of trust ,   RE Mortgage/deed of trust ,   Consent and subordination ,   Assignment of Proceeds- consent to payment ,   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 ,   Loan closing instructions ,   Certification fo improvement of property ,   Final title opinion ,   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

  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 667,543 685,441 0 -17,898 0 0
Annual Time Burden (Hours) 320,891 327,162 0 -6,271 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Forms
Each person applying for an FSA Farm Loan completes the currently approved forms (referred to below as "the standard application forms"). In this revision request, FPL is adding a new streamlined form FSA-2314. This results in an increase program change of 1,890 hours and 3,781 responses just for the new streamlined form. Use of the new form will reduce responses by -21,679 and burden by -8,161 hours on the other standard forms in this collection. Therefore, the overall information collection is decreased by -6,271 hours (327,162 minus 320,891) and -17,898 responses (685,441 minus 667,543).

$95,839,805
No
No
No
No
No
Uncollected
Mary Ann Ball 202-720-4283 [email protected]

  No

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.
01/03/2013


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