Justifiication 2020

OMB Control Number: 0560-0155.

Title of Clearance: Guaranteed Farm Loan Programs.

Agency Form Number affected by Change Worksheet: FSA-2232 – Revised.

Other Changes: The specific changes to the Form 2232, Conditional Commitment are in the following:

1. In paragraph 7H, removed the words “or appraisal” and added the words “of collateral” in its place; and added new sentence “If an appraisal is completed instead of an evaluation, the lender must retain a copy of the appraisal in their file, but the lender is not required to submit a copy to FSA.”;

2. In paragraph 12B, removed the “7 CFR Part 799”; and

3. In paragraph 16, Security in the last 2 sentences to follow:

1. Removed the words “or appraisal” and added the word “of collateral” in its place;

2. Added the word “Guarantee” after right after the word “Loan”; and

3. Added a new sentence “If an appraisal is completed instead of an evaluation, the lender must certify the appraisal is in their files.”

There is no change to the burden hours for the form.