7 CFR 1951-E, Servicing of Community and Direct Business Programs Loans and Grants

ICR 202111-0575-002

OMB: 0575-0066

Federal Form Document

ICR Details
0575-0066 202111-0575-002
Received in OIRA 202004-0575-002
USDA/RHS
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.

PL: Pub.L. 109 - 171 331 and 335 Name of Law: Consolidated Farm and Rural Development Act, as amended
  
None

Not associated with rulemaking

  85 FR 16324 03/23/2020
86 FR 69219 12/07/2021
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 1,323 0 0 -1,274 -10,138 12,735
Annual Time Burden (Hours) 1,504 0 0 -1,848 -15,123 18,475
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
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.

$2,955,543
No
    No
    Yes
No
No
No
Yes
Arlette Mussington 202 402-4109 [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.
12/07/2021


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