7 CFR 1951-E, Servicing of
Community and Direct Business Programs Loans and Grants
Reinstatement without change of a previously approved
collection
No
Regular
12/07/2021
Requested
Previously Approved
36 Months From Approved
1,323
0
1,504
0
0
0
Regulation promulgates the policies
and procedures for servicing actions necessary in connection with
community facilities loans and grants and insured business and
industry loans.
B&I is reporting a decrease
in burden from the prior report due to a reduction in the number of
outstanding loans ~ there are now 12 B&I Direct loans being
serviced by staff in 8 states and one contact in the National
Office. It is estimated that less than 1 percent of staff time is
spent on the servicing of these loans. There has been no direct
outreach to stakeholder groups over the past three years. The
reduction in the number of loans is through payoffs or settlements.
The program is not authorized to make new direct B&I loans, so
the number of loans outstanding should continue to be reduced over
the next three years. Community Facilities is reporting a decrease
in the number of responses of 251 and a decrease in burden hours of
287 based on the update excel spreadsheet numbers. NOTE: On
February 1, 2021 a Non-substantive Change Request was approved
under this collection to include a new request for Forbearance and
Forbearance Agreement Written Forms. However, it was concluded that
the Forbearance and Forbearance Agreement Written Forms applied to
the Multi-Family Sections 515 and 538 programs and did not apply to
the Direct Community Facilities Loan Program. The Forbearance and
Forbearance Agreement Written forms have been removed from the
Servicing of Community and Direct Business Programs. The Agency has
also removed the burden hours calculations for “Forms that are
approved under other OMB Numbers” which resulted in a decrease of
the number of responses to 1,323 and the number of burden hours to
1,054.
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.