OMB Table 1845-0023 v6 60 day comment

OMB Table 1845-0023 v6 60 day comment.xls

Federal Perkins Loan Program Regulations

OMB Table 1845-0023 v6 60 day comment

OMB: 1845-0023

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OMB.1845.0023.v6 documentation table.




Respondent Type Requirement # of Respondents # of Responses Total Hours/ Response Total Hours
Section A: Burden by Affected Entity










Federal Government










Individuals or Households




Loan rehabilitation. 34 CFR 674.39 485,482 485,482 0.02 8,091
Due diligence - general requirements. 34 CFR 674.41 2,070,514 2,070,514 0.02 34,507
Contact with the borrower. 34 CFR 674.42 2,070,514 2,070,514 0.02 34,507
Billing procedures. 34 CFR 674.43 2,555,996 2,555,996 0.02 42,598
Collection procedures. 34 CFR 674.45 242,741 242,741 0.02 4,046
Costs chargeable to the Fund. 34 CFR 674.47 242,741 242,741 0.02 4,046
Sub-total
7,667,988 7,667,988
127,795






1. Private Sector




1a. Business or other for-profits




Loan rehabilitation. 34 CFR 674.39 131 131 0.45 59
Due diligence - general requirements. 34 CFR 674.41 131 131 1.42 186
Contact with the borrower. 34 CFR 674.42 131 131 1.42 186
Billing procedures. 34 CFR 674.43 131 131 1.42 186
Collection procedures. 34 CFR 674.45 131 131 0.75 98
Costs chargeable to the Fund. 34 CFR 674.47 131 131 0.83 109
Use of contractors to perform billing and collection activities. 34 CFR 674.48 131 131 0.92 121
Bankruptcy of borrower. 34 CFR 674.49 131 131 0.92 121
Sub-total
1,048 1,048
1,066






1b. Not-for profits




Loan rehabilitation. 34 CFR 674.39 899 899 0.45 405
Due diligence - general requirements. 34 CFR 674.41 899 899 1.42 1,277
Contact with the borrower. 34 CFR 674.42 899 899 1.42 1,277
Billing procedures. 34 CFR 674.43 899 899 1.42 1,277
Collection procedures. 34 CFR 674.45 899 899 0.75 674
Costs chargeable to the Fund. 34 CFR 674.47 899 899 0.83 746
Use of contractors to perform billing and collection activities. 34 CFR 674.48 899 899 0.92 827
Bankruptcy of borrower. 34 CFR 674.49 899 899 0.92 827
Sub-total
7,192 7,192
7,310






2. Farms










3. State, Local or Tribal Governments




Loan rehabilitation. 34 CFR 674.39 557 557 0.45 251
Due diligence - general requirements. 34 CFR 674.41 557 557 1.42 791
Contact with the borrower. 34 CFR 674.42 557 557 1.42 791
Billing procedures. 34 CFR 674.43 557 557 1.42 791
Collection procedures. 34 CFR 674.45 557 557 0.75 418
Costs chargeable to the Fund. 34 CFR 674.47 557 557 0.83 462
Use of contractors to perform billing and collection activities. 34 CFR 674.48 557 557 0.92 512
Bankruptcy of borrower. 34 CFR 674.49 557 557 0.92 512
Sub-total
4,456 4,456
4,528






Burden by Affected Entity Total
7,680,684 7,680,684
140,699






Section B: Burden Impact Totals










Current # of Respondents
15,807,453


Current # of Responses

15,807,453

Current Inventory of Hours



467,053






Revised Total Respondents
7,680,684


Revised Total Responses

7,680,684

Revised Total Burden Hours



140,699






TOTAL # RESPONDENTS
23,488,137


TOTAL # RESPONSES

23,488,137

TOTAL # HOURS



607,752






Section C: Burden by Regulation Group










Loan rehabilitation. 34 CFR 674.39



Individual
485,482 485,482 0.02 8,091
Business or other for-profits
131 131 0.45 59
Not for-profits
899 899 0.45 405
State, Local, or Tribal Governments
557 557 0.45 251
Sub-total
487,069 487,069
8,806






Due diligence - general requirements. 34 CFR 674.41



Individual
2,070,514 2,070,514 0.02 34,507
Business or other for-profits
131 131 1.42 186
Not for-profits
899 899 1.42 1,277
State, Local, or Tribal Governments
557 557 1.42 791
Sub-total
2,072,101 2,072,101
36,761






Contact with the borrower. 34 CFR 674.42



Individual
2,070,514 2,070,514 0.02 34,507
Business or other for-profits
131 131 1.42 186
Not for-profits
899 899 1.42 1,277
State, Local, or Tribal Governments
557 557 1.42 791
Sub-total
2,072,101 2,072,101
36,761






Billing procedures. 34 CFR 674.43



Individual
2,555,996 2,555,996 0.02 42,598
Business or other for-profits
131 131 1.42 186
Not for-profits
899 899 1.42 1,277
State, Local, or Tribal Governments
557 557 1.42 791
Sub-total
2,557,583 2,557,583
44,852






Collection procedures. 34 CFR 674.45



Individual
242,741 242,741 0.02 4,046
Business or other for-profits
131 131 0.75 98
Not for-profits
899 899 0.75 674
State, Local, or Tribal Governments
557 557 0.75 418
Sub-total
244,328 244,328
5,236






Costs chargeable to the Fund. 34 CFR 674.47



Individual
242,741 242,741 0.02 4,046
Business or other for-profits
131 131 0.83 109
Not for-profits
899 899 0.83 746
State, Local, or Tribal Governments
557 557 0.83 462
Sub-total
244,328 244,328
5,363






Use of contractors to perform billing and collection activities. 34 CFR 674.48



Business or other for-profits
131 131 0.92 121
Not for-profits
899 899 0.92 827
State, Local, or Tribal Governments
557 557 0.92 512
Sub-total
1,587 1,587
1,460






Bankruptcy of borrower. 34 CFR 674.49



Business or other for-profits
131 131 0.92 121
Not for-profits
899 899 0.92 827
State, Local, or Tribal Governments
557 557 0.92 512
Sub-total
1,587 1,587
1,460






Grand Total
7,680,684 7,680,684
140,699












Document Type
Other-Regulations


Available Electronically?
Yes


Can be submitted Electronically?
Yes


Percent Reporting Electronically?
75%


Obligation to Respond?
Required to receive benefit


Frequency?
Yearly


File Typeapplication/vnd.ms-excel
AuthorDan.Klock
Last Modified ByBeth Grebeldinger
File Modified2013-02-07
File Created2007-05-03

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