Guaranteed Loanmaking and Servicing Regulations

Forms and Documents

Document Name	Status
Form 4279-1 Guaranteed Loanmaking and Servicing Regulations- Private Sector Form	Modified
Form 4279-1 Guaranteed Loanmaking and Servicing Regulations- State, Local, and Tribal Governments Form	Modified
0570-ConsolidatedrewriteSSfinalrule2016.doc Supporting Statement A	2016-06-09
consolidatedrewriteburden2016.xlsx Supplementary Document	2016-06-09

IC Document Collections

IC ID	Document Title	Status
212859	Guaranteed Loanmaking and Servicing Regulations- Private Sector Form	Modified
212856	Guaranteed Loanmaking and Servicing Regulations- State, Local, and Tribal Governments Form	Modified

ICR Details

OMB Control No: 0570-0069	ICR Reference No: 201605-0570-005
Status: Historical Active	Previous ICR Reference No: 201408-0570-001
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: Guaranteed Loanmaking and Servicing Regulations
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: Approved without change	Conclusion Date: 07/21/2016
	Date Received in OIRA: 06/09/2016
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2019	36 Months From Approved
Responses	27,076	0	0
Time Burden (Hours)	38,909	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Business and Industry (B&I) program was legislated in 1972 under Section 310B of the Consolidated Farm and Rural Development Act, as amended. The purpose of the program is to improve, develop, or finance businesses, industries, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved through bolstering the existing private credit structure through the guaranteeing of quality loans made by lending institutions, thereby providing lasting community benefits. The B&I program is administered by the Agency through Rural Development State and sub-State Offices serving each State.

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Authorizing Statute(s): PL: Pub.L. 92 - 419 310B Name of Law: Consolidated Farm and Rural Development Act of 1972
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
0570-AA85	Final or interim final rulemaking	81 FR 35984	06/03/2016

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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: 2

IC Title	Form No.	Form Name
Guaranteed Loanmaking and Servicing Regulations- State, Local, and Tribal Governments	4279-1, 1980-19, 1980-43, 1980-44, 449-30, 4279-2, 4279-3, 4279-4, 4279-6, 4279-14, 1980-41, 1940-20	Application for Loan Guarantee ,   Certification of Non-Relocation and Market and Capacity Information Report ,   Conditional Commitment ,   Lender's Agreement ,   Assignment Guarantee Agreement ,   Unconditional Guarantee ,   Guaranteed Loan Status Report ,   Lender's Guaranteed Loan Payment to USDA ,   Guaranteed Loan Borrower Default Status ,   Loan Note Guaranteed Report of Loss ,   Request for Environmental Information ,   Guaranteed Loan Closing Report
Guaranteed Loanmaking and Servicing Regulations- Private Sector	4279-1, 4279-14, 1980-43, 1980-44, 4279-2, 4279-3, 4279-4, 4279-6, 1980-41, 449-30, 1940-20, 1980-19	Application for Loan Guarantee ,   Certification of Non-Relocation and Market Capacity Information Report ,   Conditional Commitment ,   Lender's Agreement ,   Assignment Guarantee Agreement ,   Unconditional Guarantee ,   Guaranteed Loan Status Report ,   Lender’s Guaranteed Loan Payment to USDA ,   Guaranteed Loan Borrower Default Status ,   Loan Note Guaranteed Report of Loss ,   Request for Environmental Information ,   Guaranteed Loan Closing Report

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ICR Summary of Burden

	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	27,076	0	0	27,076	0	0
Annual Time Burden (Hours)	38,909	0	0	38,909	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The burden hours for the final rule as represented by this package represents 38,909 hours and 27,076 responses. Between the proposed rule submission and this final rule there is an adjustment increase of 5,146 hours in burden on the public from 33,763 to38,909. The number of responses also increased from 24,976 to 27,076.

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Annual Cost to Federal Government: $1,146,663

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: 06/09/2016

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