Farm Loan Programs - General Program Administration

Forms and Documents

Document Name	Status
Form FSA-2037 Farm Loan Programs - General Program Administration Form	Modified
Supporting Document 2020.docx Supporting Statement A	2020-09-22
Reporting and Recordkeeping Requirements .xlsx Supplementary Document	2020-06-26

IC Document Collections

IC ID	Document Title	Status
1568	Farm Loan Programs - General Program Administration Form	Modified

ICR Details

OMB Control No: 0560-0238	ICR Reference No: 201911-0560-004
Status: Active	Previous ICR Reference No: 201610-0560-005
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - General Program Administration
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/24/2020
	Date Received in OIRA: 07/22/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2023	36 Months From Approved	09/30/2020
Responses	164,390	0	204,588
Time Burden (Hours)	168,029	0	229,237
Cost Burden (Dollars)	0	0	0

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Abstract: The collection is used to provide supervised credit as legislatively mandated, ensure when loan funds are used for construction, work is completed according to applicable state and local standards; ensure loan repayment plan is developed using realistic data; and develop a loan assessment.

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Authorizing Statute(s): US Code: 7 USC 1921 Name of Law: CONACT
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 9722	02/20/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 43806	07/20/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Farm Loan Programs - General Program Administration	FSA-2141, FSA-2155, FSA-2154, FSA-2037, FSA-2038, FSA-2039, FSA-2140, FSA-2150, FSA-2153	Farrm Business Plan - Balance Sheet ,   Farm Business Plan - Income and Expense ,   Deposit Agreement ,   Farm Business Plan - Worksheet Summary of Year's business ,   Interest Bearing Deposit Agreement ,   Development Plan ,   Release by Contractor ,   Release by Claimants ,   Vendor Appraiser Registration

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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	164,390	204,588	0	0	-40,198	0
Annual Time Burden (Hours)	168,029	229,237	0	0	-61,208	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Overall, the number of respondents decreased by 20,181 while the annual responses decreased by 40,198, and the annual burden hours decreased by 61,208. Those decreased numbers were due to FSA not conducting limited resource reviews in several years as the regular interest rates have been far below the 5% of the limited resource interest rates. When the regular interest rates rise above the limited resource rates, borrowers meeting the eligibility requirements will once again be requesting those rates. Also, there were fewer respondents using of FSA-2037 and FSA-2039 and noted that applicants and borrowers do not complete FSA-2039. FSA has not been utilizing supervised bank accounts as other methods to disburse loan funds to be more effective and efficient. That has almost eliminated the need for financial institutions to open supervised bank accounts, and borrowers need to contact FSA multiple times to release loan funds. In addition, applicants in general do not use loan funds for construction purposes, thus reducing the number of contractors responding to information collection requirements. FSA was no longer included travel times in this request. Respondents may submit applications by mail and many respondents go to the county offices to do regular and customary business with FSA for other FSA programs and can complete and submit the farm loan programs forms during this time; this means no travel time is required specifically for this information collection.

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Annual Cost to Federal Government: $19,209,721

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? No

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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: 07/22/2020

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