FSA-85-1, Reporting and Recordkeeeping Requirements

FSA-85-_Reporting_and_Recordkeeping_Requirements_20141.docx

Farm Loan Programs - Direct Loan Servicing - Regular

FSA-85-1, Reporting and Recordkeeeping Requirements

OMB: 0560-0236

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This form is available electronically.

FSA-85-1 U.S. Department of Agriculture

(03-26-03) Farm Service Agency


Reporting and Recordkeeping Requirements





1. OMB No.

0560-0236

2. Title of Clearance

Direct Loan Servicing – Regular

Page 1




3.



4.



5.



6.



7.


Annual Burden on the Public

(Col. 8 x 9=10 and Col. 10 x 11=12)

Description

(Title of Form, Report or Record)

Report


Record


Form No.


Regulation

Part/Sec.


8.



9.



10.



11.


12.

Total Burden Hours






No. of Respondents

No. of Reports

Filed Per Person

Total Annual

Responses


Average Time

to Respond



Exempt

Non-Exempt

Notification of approval and borrower responsibilities



2025 (Farmer)

765.403; 766.204

255

1

255

20


85

Agreement for disposition of security/release of proceeds






2040 (Farmer)

765.302

41,749*

1

41,749

20


13,917

Update of agreement for disposition/release of proceeds





2040 (Farmer)

765.302

15,656

2

31,312

10


5,219

Application for partial release, subordination/consent





2060 (Farmer)

765.205; 765.206

4,000

1

4,000

30


2,000

Cancelling undisbursed loan funds





2425 (Farmer)

765.152 (b) (7)


571*

1

571

10


96

Temporary amendment-consent to payment of proceeds from sale



2450 (Business)

765.302 (d)

561*

1

561

10


94

Assignment, acceptance/release for wool and mohair/borrower





2465 (Farmer)

765.305 (b)

20

1

20

10


4

Assignment, acceptance/release for wool and mohair/broker





2465 (Business)

765.305 (b)

20*

1

20

10


4

Transfer of real estate security/borrower





2476 (Farmer)

765.401 (b)

200

1

200

15


50

Transfer of real estate security/transferee





2476(Farmer)

765.401 (b)

200*

1

200

15


50

Assumption Agreement





2489 (Farmer)

765.401 (a) (2)

250*

1

250

20


84

Lenders’ loan underwriting standards




Non-form (Business)

765.101 (a)

598*

1

598

20


200

Lender review of borrower’s prospectus





Non-form (Business)

765.101 (d)

1,705*

4

6,820

30


3,410

Lender response to borrower’s prospectus





Non-form (Business)

765.101 (e)

1,279

4

5,115

10


853

Borrower documentation of inability to graduate





Non-form (Farmer)

765.101

5,107*

1

5,107

5


426








SUTOTALS

50,761*


96,778



26,492

TOTALS























This form is available electronically.

FSA-85-1 U.S. Department of Agriculture

(03-26-03) Farm Service Agency


Reporting and Recordkeeping Requirements





1. OMB No.

0560-0236

2. Title of Clearance

Direct Loan Servicing – Regular

Page 2




3.



4.



5.



6.



7.


Annual Burden on the Public

(Col. 8 x 9=10 and Col. 10 x 11=12)

Description

(Title of Form, Report or Record)

Report


Record


Form No.


Regulation

Part/Sec.


8.



9.



10.



11.


12.

Total Burden Hours






No. of Respondents

No. of Reports

Filed Per Person

Total Annual

Responses


Average Time

to Respond



Exempt

Non-Exempt

Lender documentation of borrower inability to graduate





Non-form (Business)

765.101

1,705

1

1,705

10

     

285

Borrower request for refund of overpayment





Non-form (Farmer)

765.155 (c)

20*

1

20

15

     

5

Creditor consent to second subordination





Non-form (Business)

765.205 (c)

186*

1

186

10

     

31

Assignment of insurance proceeds from 2nd subordination





Non-form (Farmer)

765.202 (c)

186

1

186

10

     

31

Operating plan for agency to consent to junior lien





Non-form (Farmer)

765.206 (b) (2)

755

1

755

10

     

126

Junior lienholder agreement





Non-form (Business)

765.206 (b) (4)

755

1

755

10

     

126

Borrower request for severance agreement





Non-form (Farmer)

765.207

286

1

286

10

     

48

Request to lease security – copy of lease





Non-form (Farmer)

765.251, 765.252

357

1

357

20

     

119

Request to cease operating security – copy of lease





Non-form (Farmer)

765.251, 765.253

357

1

357

30

     

179

Borrower request for lienholder consent to use proceeds





Non-form (Farmer)

765.301, 765.303

399

1

399

10

     

67

Lienholder consent to use proceeds

 



Non-form (Business)

765.301, 765.303

998*

1

998

15

     

250

Borrower requested use proceeds from timber, gravel, etc.





Non-form (Farmer)

765.351 (b) (2)

100

2.5

250

10

     

42

Lienholder consent to use timber, gravel, etc., proceeds





Non-form (Business)

765.351 (b) (2)

250*

1

250

15

     

63

Borrower assignment of proceeds from timber, etc. to agency





Non-form (Farmer)

765.351 (b) (2)

100

1

100

15

     

25

     





     

     


    

     

     

     

     

SUBTOTALS





     

     

1,454*

    

6,604

     

     

1,397

TOTALS









This form is available electronically.

FSA-85-1 U.S. Department of Agriculture

(03-26-03) Farm Service Agency


Reporting and Recordkeeping Requirements





1. OMB No.

0560-0236

2. Title of Clearance

Direct Loan Servicing – Regular

Page 3




3.



4.



5.



6.



7.


Annual Burden on the Public

(Col. 8 x 9=10 and Col. 10 x 11=12)

Description

(Title of Form, Report or Record)

Report


Record


Form No.


Regulation

Part/Sec.


8.



9.



10.



11.


12.

Total Burden Hours






No. of Respondents

No. of Reports

Filed Per Person

Total Annual

Responses


Average Time

to Respond



Exempt

Non-Exempt

Assignment of Deed of Trust As Collateral-CA Form Only





2400-6 CA

(Farmer)

765.351 (d) (2)

10*

1

10

15

     

3

Sale of real estate – copy of contract for deed





Non-form (Farmer)

765.351 (d)

10

1

10

10

     

2

Borrower request to exchange real estate property



Non-form (Farmer)

765.351 (e)

10

1

10

10


2

Request of obligated party to withdraw





Non-form (Farmer)

765.406 (b)

510*

1

510

30

     

260

Travel time     





     

     

     

    

     

     

     

48,417












* Denotes unduplicated respondents





     

     


    

     

     

     

     

























































































SUBTOTALS





520*


540



48,684

TOTALS

52,735

     

103,922


     

76,573


File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleThis form is available electronically
AuthorUSDA-MDIOL00000DG8C
File Modified0000-00-00
File Created2021-01-28

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