Extensions of Payments of Principal and Interest

ICR 201901-0572-010

OMB: 0572-0123

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2019-10-01
Supplementary Document
2019-02-12
Supplementary Document
2019-02-11
Supporting Statement A
2019-02-14
IC Document Collections
IC ID
Document
Title
Status
43533
Modified
ICR Details
0572-0123 201901-0572-010
Active 201512-0572-004
USDA/RUS
Extensions of Payments of Principal and Interest
Revision of a currently approved collection   No
Regular
Approved without change 11/04/2019
Retrieve Notice of Action (NOA) 02/21/2019
In accordance with 5 CFR 1320, the information collection is approved for three years.
  Inventory as of this Action Requested Previously Approved
11/30/2022 36 Months From Approved 11/30/2019
8 0 58
61 0 296
0 0 0

This regulation codifies the procedures borrowers must follow to request extensions of principal and interest. Eligible purposes include financial hardship, energy resource conservation (ERC) loans, renewable energy project, distributed generation projects, and contributions-in-aid of construction. These procedures are codified at 7 CFR 1721, subpart B.

US Code: 7 USC 912 Name of Law: Rural Electrification Act of 1936 (RE Act)
  
None

Not associated with rulemaking

  83 FR 55688 11/07/2018
84 FR 5404 02/21/2019
No

1
IC Title Form No. Form Name
Extensions of Payments of Principal and Interest

  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 8 58 0 -50 0 0
Annual Time Burden (Hours) 61 296 0 -235 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
There was a decrease of 235 burden hours from the previous collection of 296 burden hours to 61 for this collection cycle. The decrease in hours is attributed to a reduction in Requests for Deferment of Energy Resource Conservation loans from 29 respondents in the previous collection to 3 respondents for this collection.

$9,252
No
    No
    No
No
No
No
Uncollected
Robin Jones 202 772-1172 [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.
02/21/2019


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