Farm Loan Programs - Direct Loan Making

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FSA-2042 Farm Loan Programs - Direct Loan Making	Form	Modified	Missing upstream
Justification 2020 .docx	Justification for No Material/Nonsubstantive Change	Uploaded 2020-12-14	Repair queued
2019 Supporting Statement.doc	Supporting Statement A	Uploaded 2019-05-28	Repair queued
FSA-85-1_Reporting_and_Recordkeeping_Requirements 2019.doc	Supplementary Document	Uploaded 2019-05-28	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
1567	Farm Loan Programs - Direct Loan Making	Form	Modified

ICR Details

OMB Control No: 0560-0237	ICR Reference No: 202012-0560-004
Status: Received in OIRA	Previous ICR Reference No: 202008-0560-002
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - Direct Loan Making
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/14/2020

table that charts list comparision

	Requested	Previously Approved
Expiration Date	10/31/2022	10/31/2022
Responses	698,394	698,394
Time Burden (Hours)	217,927	217,927
Cost Burden (Dollars)	0	0

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Abstract: 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.

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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:
	84 FR 1700	02/05/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 23756	05/23/2019
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

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

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ICR Summary of Burden

table that charts list of burden

	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

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: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $91,337,797

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.     Yes

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? Yes

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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: 12/14/2020

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