FSA-85-1 Reporting and Recordkeeping Requirements

					0560-NEW					10/5/2010
Prompt Payment
Seller
(8 applications per year)
Letter of Interest			FSA-2680					120
Seller-Individual			(Farmer)	763.7 (a)	5	1	5	2		10
(OMB 0560-NEW)
Letter of Interest			FSA-2680					120
Seller-Husband/Wife			(Farmer)	763.7 (a)	2	1	2	2		4
(OMB 0560-NEW)
Letter of Interest			FSA-2680					120
Seller-Entity			(Farmer)	763.7 (a)	1	1	1	2		2
(OMB 0560-NEW)
Standard Guarantee
Seller
(2 Applications per year)
Letter of Interest			FSA-2680					120
Seller-Individual			(Farmer)	763.7 (a)	1	1	1	2		2
(OMB 0560-NEW)
Letter of Interest			FSA-2680					120
Seller-H/W, Entity			(Farmer)	763.7 (a)	1	1	1	2		2
(OMB 0560-NEW)
Bold-Denotes Unduplicated Responses
TOTALS					10		10			20
					0560-NEW
Prompt Payment
Buyer
(8 applications per year)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Buyer-Individual			(Farmer)	763.17 (c)	5	1	5	2		10
(OMB 0560-NEW)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Buyer-H/W			(Farmer)	763.17 (c)	2	1	2	2		4
(OMB 0560-NEW)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Buyer-Entity			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Prompt Payment
Seller
(8 applications per year)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Seller-Individual			(Farmer)	763.17 (c)	5	1	5	2		10
(OMB 0560-NEW)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Seller-H/W			(Farmer)	763.17 (c)	2	1	2	2		4
(OMB 0560-NEW)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
Seller-Entity			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Prompt Payment
Agent
(8 applications per year)
Land Contract Agreement for Prompt Payment Guarantee			FSA-2681					120
			(Business)	763.17 (c)	8	1	8	2		16
(OMB 0560-NEW)
TOTALS					24		24			48
					0560-New
Standard Payment
Buyer
(2 applications per year)
Land Contract Agreement for Standard Guarantee			FSA-2682					120
Seller-Individual			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Land Contract Agreement for Standard Guarantee			FSA-2682					120
Seller-H/W, Entity			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Standard Payment
Seller
(2 applications per year)
Land Contract Agreement for Standard Guarantee			FSA-2682					120
Seller-Individual			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Land Contract Agreement for Standard Guarantee			FSA-2682					120
Seller-H/W, Entity			(Farmer)	763.17 (c)	1	1	1	2		2
(OMB 0560-NEW)
Agent
Land Contract Agreement for Standard Guarantee			FSA-2682					120
Agent			(Business)	763.17 (c)	2	1	2	2		4
(OMB 0560-NEW)			New
TOTALS					6		6			12
					0560-New
			FSA-2683	763.7 (b)(1)				30
Buyer-Individual			(Farmer)		7	1	7	0.5		4
Request for Land Contract Loan Making Assistance			FSA-2683	763.7 (b)(1)				30
Buyer-Husband/Wife			(Farmer)		2	1	2	0.5		1
Request for Land Contract Loan Making Assistance			FSA-2683	763.7 (b)(1)				60
Buyer-Entity (3 Memebers)			(Farmer)		1	1	1	1.0		1
Copy of Insurance-Seller			Non-Form	763.15 (a)				15
Loan Making			(Farmer)		10	1	10	0.25		2.5
Copy of Insurance-Seller			Non-Form	763.18 (a)(4)				15
Loan Servicing			(Farmer)	763.18 (b)(4)
Copy of Real Estate Taxes-Seller			Non-Form					15
Loan Making			(Farmer)	763.15 (a)	10	1	10	0.25		2.5
Copy of Real Estate Taxes-Agent			Non-Form					15
Loan Servicing			(Farmer)	763.18 (a)(4)	10	1	10	0.25		2.5
				763.18 (b)(4)
Copy of Land Contract			Non-Form					15
			(Farmer)	763.7 (b)(13)	10	1	10	0.25		2.5
Additional Information			Non-Form					15
			(Farmer)	763.7 (b)(3)(v)	5	1	5	0.25		1.25
				763.7 (b)(14)
TOTALS					10		55			17
					0560-New
Copy of Agent Bonding Documents-Agent			Non-Form	763.11 (c)(1)				15
Loan Servicing			(Business)	763.11 (c)(2)	10	1	10	0.25		2.5
Annual Inspection Report-Agent			Non-Form					15
Loan Servicing-(Standard)			(Business)	763.18 (b)(5)	2	1	2	0.25		0.5
Payment Reminder Notice-Agent			Non-Form	763.18(a)(5)				20
Loan Servicing (Prompt & Standard)			(Business)	763.18(b)(8)	10	1	10	0.33		3.3
Demand for Default Payment-Agent			Non-Form	763.20(a)(1)				15
Loan Servicing (Prompt & Standard)			(Business)	763.20(b)(1)	1	1	1	0.25		0.25
Demand for Agency Payment-Agent			Non-Form	763.20(a)(2)				15
Loan Servicing			(Business)	763.20(b)(2)(i)(D)	1	1	1	0.25		0.25
Inform Agency of Liquidation-Agent			Non-Form	763.20(b)(2)				15
Loan Servicing			(Business)		1	1	1	0.25		0.25
Liquidation Plan-Agent			Non-Form	763.20(b)(2)(i)(A)				360
Loan Servicing (Standard)			(Business)		1	1	1	6		6
Report of Loss-Agent			Non-Form	763.20(b)(2)(i)(A)				60
Loan Servicing			(Business)	763.20(b)(2)(i)(B)	1	1	1	1		1
Guarantee Loan Status Report			FSA-2241	763.18 (a)(10)				20
(OMB 0560-0155)			(Business)	763.18 (b)(7)	10	2	20	0.33		7
Land Contract Recapture Agreement			FSA-2684	763.20(b)(2)(ii)(B)				15
			(Farmer)		1	1	1	0.25		0.25
Travel time								120
(10 buyers & sellers=20)			(Farmer)		20			2		40
TOTALS					10		48			61
GRAND TOTALS					60		143			158
Summary-Land Contract Guarantee Program
Total Number of Unduplicated Respondents			60
Reports Filed per Person			2.4
(Col. 10 / Col. 8) (143/60)
Total Annual Responses			143
(Col. 10)
Total Annual Burden Hours			158
(Col. 12)
Average Burden per Collection			66.2	Min
(Col. 12 / Col. 10 x 60) (158/143x.60)
Average Burden per Respondent			2.63	Hrs.
(Col. 12 / Col. 8) (158/60)
Respondents cost per Hour						Farmer	Business	Burden Hrs
Farmer			$24.00
Total Hrs.-Farmer			117		Page 1	20	0	20
Total Cost-Farmer			$2,808		Page 2	32	16	48
					Page 3	8	4	12
Business			$31.00		Page 4	17	0	17
Total Hrs.-Business			41		Page 5	40	21	61
Total Cost-Business			$1,271
Total Cost			$4,079		Total	117	41	158
Annual cost to Fed. Gov't
Hours Reviweing & Processing Collection			320
Average Salary (GS-9-12) OPM 2010 Table			$37.00
Total Cost			$11,840