Guaranteed Farm Loan Programs

ICR 202104-0560-006

OMB: 0560-0155

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2021-04-05
Supporting Statement A
2020-07-22
Supplementary Document
2020-07-07
IC Document Collections
IC ID
Document
Title
Status
36839 Modified
ICR Details
0560-0155 202104-0560-006
Received in OIRA 202010-0560-001
USDA/FSA
Guaranteed Farm Loan Programs
No material or nonsubstantive change to a currently approved collection   No
Regular 04/05/2021
  Requested Previously Approved
09/30/2023 09/30/2023
193,648 193,648
165,724 165,724
0 0

The information is needed to effectively administer the Farm Service Agency (FSA) guaranteed farm loan, EZ Guarantee Program, Micro Lender program (MLP) and land contract guaranteed loan programs.

PL: Pub.L. 109 - 171 116 Name of Law: CONTACT
  
None

Not associated with rulemaking

  85 FR 9722 02/20/2020
85 FR 43806 07/20/2020
No

  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 193,648 193,648 0 0 0 0
Annual Time Burden (Hours) 165,724 165,724 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The adjustments were -4,619 responses and -23,883 burden hours due to less applicants applying for Guaranteed Loans. Overall, the number of respondents decreased by 36 (14,393-14,357 (new)). The annual responses decreased by 27,500 (221,148-193,648(new) while the burden hours decreased by 55,114 (220838-165724(new). The program changes for the decrease of 22,881 responses and 32,341 hours are due to a drop in Guaranteed loans originated between the years preceding FY 2017 and FY 2020. Between FY 2016 and FY 2019, the number of Guaranteed loans originated fell by 24 percent from 10,047 to 7,611. In addition, the number of loss claims and status reports received is much lower than FY 2017. The travel times was also removed from this request. The annual responses decreased since Form FSA-2233 is no longer a separate response and the hours have been included in the revised Form FSA-2236. Also, reducing the lender reviews cut 835 annual responses from the SEL lender reviews. The burden hours decreased due to the policy change reducing SEL lender reviews and some minor rounding when we estimated the average hours for Form FSA-2211 prorated between the different lender types and applicants. The form FSA-2211 have incorporated Forms FSA-2210, “Application for EZ Guarantee” and FSA-2212, “Preferred Lender Application for Guarantee” so those forms have been removed from this collection.

$9,657,280
No
    No
    Yes
No
No
No
No
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.
04/05/2021


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