Farm Loan Programs - Direct Loan Making

ICR 202012-0560-004

OMB: 0560-0237

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2020-12-14
Supporting Statement A
2019-05-28
Supplementary Document
2019-05-28
IC Document Collections
IC ID
Document
Title
Status
1567 Modified
ICR Details
0560-0237 202012-0560-004
Received in OIRA 202008-0560-002
USDA/FSA
Farm Loan Programs - Direct Loan Making
No material or nonsubstantive change to a currently approved collection   No
Regular 12/14/2020
  Requested Previously Approved
10/31/2022 10/31/2022
698,394 698,394
217,927 217,927
0 0

Information is used to determine applicant's eligibility for a direct loan; ensure cash flow projections are based on actual production history; ensure that loan is adequately secured; and obtain assignments on income or sales proceeds to ensure timely repayment of the loan.

US Code: 7 USC 1921 Name of Law: CONACT
  
None

Not associated with rulemaking

  84 FR 1700 02/05/2019
84 FR 23756 05/23/2019
No

1
IC Title Form No. Form Name
Farm Loan Programs - Direct Loan Making FSA-2042, FSA-2370, FSA-2309, FSA-2340, FSA-2310, FSA-2341, FSA-2361, FSA-2342, FSA-2319, FSA-2317, FSA-2344, FSA-2029- M, FSA-2044, FSA-2001, FSA-2043, FSA-2014, FSA-2015, FSA-2320, FSA-2318, FSA-2302, FSA-2352, FSA-2003, FSA-2027, FSA-2371, FSA-2375, FSA-2376, FSA-2002, FSA-2004, FSA-2005, FSA-2006, FSA-2007 , FSA-2026, FSA-2028 , FSA-2041, FSA-2301, FSA-2313, FSA-2330, FSA-2350, FSA-2351, FSA-2313 , FSA-2314 Revised 12-14-2020, FSA-2360 Assignment of proceeds & consent to payment ,   Request for waiver fo borrower training requirements ,   Certification of disaster losses ,   Selection of attorney/title company ,   Lender's verification of loan application ,   Certification of attorney/title company ,   Lender subordination agreement ,   Certification of attorney/title company ,   Agreement with prior lienholder ,   Consent and subordination ,   Preliminary title opinion ,   Mortgage/Deed of Trust ,   Assignment of income ,   Request for loan making assistance. ,   Assignment of dairy proceeds ,   Verification of Income ,   Verification of debts and assets ,   Property insurance mortgage clause ,   Agreement for disposition of jointly-owned property ,   Description of farm training and experience ,   Final title opinion ,   Three-year Production History ,   Supplemental payment agreement ,   Agreement to complete training ,   Agreement to conduct production financial training ,   Borrower training course evaluation ,   Three-Year Financial History ,   Authorization to release information ,   Creditor List ,   Property Owned and Leased ,   COSIGNER APPLICATION AND AGREEMENT ,   Promissory Note ,   SECURITY AGREEMENT ,   Assignment of Proceeds- consent to payment ,   Request for youth loan ,   Notification of loan approval and conditions ,   REQUEST FOR MICROLOAN ASSISTANCE ,   Loan closing instructions ,   Certification fo improvement of property ,   NOTIFICATION OF LOAN APPROVAL AND BORROWER RESPONSIBILITIES ,   Streamlined Request for Direct OL Assistance ,   Report of lien search

  Total Request 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 698,394 698,394 0 0 0 0
Annual Time Burden (Hours) 217,927 217,927 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total of burden hours decreased by -125,832 hours since the last OMB approval. The program changes of -80,110 hours and -21 responses were decreased due to a removal of travel times and minor calculations to the numbers. The annual number of responses decreased slightly by -22, and the number of respondents increased by +2,610 in the collection due to more respondents (borrowers) participating in the Direct Loan Making Program. This was an adjustment by -45,722 hours.

$91,337,797
No
    Yes
    Yes
No
No
No
Yes
Mary Ann Ball 202-720-4283 [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.
12/14/2020


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