Farm Loan Programs - Direct Loan Making

ICR 202111-0560-006

OMB: 0560-0237

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2021-11-18
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 202111-0560-006
Received in OIRA 202012-0560-004
USDA/FSA
Farm Loan Programs - Direct Loan Making
No material or nonsubstantive change to a currently approved collection   No
Regular 11/18/2021
  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-2361, FSA-2342, FSA-2319, FSA-2317, FSA-2344, 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-2042, FSA-2370, FSA-2309, FSA-2340, FSA-2310, FSA-2341, FSA-2029- M, FSA-2044, FSA-2001, FSA-2043, FSA-2014, FSA-2015, FSA-2320, FSA-2318, FSA-2301, FSA-2313, FSA-2330, FSA-2350, FSA-2351, FSA-2313 , FSA-2314 , FSA-2360 Request for loan making assistance. ,   Three-Year Financial History ,   Three-year Production History ,   Authorization to release information ,   Creditor List ,   Property Owned and Leased ,   Verification of debts and assets ,   Verification of Income ,   Supplemental payment agreement ,   Consent and subordination ,   Assignment of Proceeds- consent to payment ,   Assignment of proceeds & consent to payment ,   Assignment of dairy proceeds ,   Assignment of income ,   Request for Youth Loan ,   Description of farm training and experience ,   Certification of disaster losses ,   Lender's verification of loan application ,   Notification of loan approval and conditions ,   Agreement for disposition of jointly-owned property ,   Agreement with prior lienholder ,   Property insurance mortgage clause ,   Selection of attorney/title company ,   Certification of attorney/title company ,   Certification of attorney/title company ,   Preliminary title opinion ,   Loan closing instructions ,   Certification fo improvement of property ,   Final title opinion ,   Report of lien search ,   Lender subordination agreement ,   Request for waiver fo borrower training requirements ,   Agreement to complete training ,   Agreement to conduct production financial training ,   Borrower training course evaluation ,   Streamlined Request for Direct OL Assistance ,   REQUEST FOR MICROLOAN ASSISTANCE ,   NOTIFICATION OF LOAN APPROVAL AND BORROWER RESPONSIBILITIES ,   COSIGNER APPLICATION AND AGREEMENT ,   SECURITY AGREEMENT ,   Promissory Note ,   Mortgage/Deed of Trust

  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.
11/18/2021


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