Justification

Justification.docx

American Rescue Plan Act of 2021 Section 1005 Loan Payment (ARPA)

Justification

OMB: 0560-0300

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OMB Control Number: 0560-0300.


Title of Clearance: Section 1005 of the American Rescue Plan Act of 2021 Loan Payment (APRA).


Agency Form Number affected by Change Worksheet: FSA-2601 - AMERICAN RESCUE PLAN ACT OF 2021 (ARPA) SECTION 1005 LOAN PAYMENT.


Other Changes: Changes made to wording in several sections of FSA-2601 to provide more clarifying information for members of public who are anticipated to be completing the form.


The specific changes to the FSA-2601 Form are:


Page 1:

  • In the first paragraph Revised “attached to” to “beginning on page 4 of” since the worksheet s really part of the form rather than an attachment?

  • In both first and second paragraph, revised “1/1/2021” to “January 1, 2021”?

Page 2:

  • In paragraph 4, revised language to address that dairy/poultry assignments will also be cancelled when we cancel Pre-Authorized Debit PAD?

  • In paragraph 8, revised “Amount Paid to Borrower” to “Total Amount Paid to Borrower(s)” to more closely mirror the column heading.

Page 3:

  • In the first paragraph, revised “please complete this form in its entirety” to “this form must be signed and dated by all socially disadvantaged borrowers and all borrowers who will be included in the payment distribution must provide the required Financial Institution Information.”

Page 5:

  • In signature’s block, revised to add “and dated” to signature blocks starting on page 5 and beyond.


No change to the burden hours for the form.


File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorBall, MaryAnn - FSA, Washington, DC
File Modified0000-00-00
File Created2021-06-02

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