7 CFR 1951-E, Servicing of
Community and Direct Business Programs Loans and Grants
No
material or nonsubstantive change to a currently approved
collection
No
Regular
04/13/2020
Requested
Previously Approved
05/31/2021
05/31/2021
11,635
1,635
17,375
1,540
0
0
Regulation promulgates the policies
and procedures for servicing actions necessary in connection with
community facilities loans and grants and insured business and
industry loans.
This change request includes an
increase of 10,000 responses and 15,835 burden hours since our last
submission. This increase is due to the anticipated influx of
streamlined workout agreements and deferral requests due to the
current COVID-19 pandemic.
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.