Farm Loan Programs - Direct Loan Servicing - Regular

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FSA-2400-6 CA Assisgnment of Deed or Trust for California	Form	Modified	Available
Form FSA-2025 Notification of approval and borrower responsibilities	Form	Modified	Available
Form FSA-2489 Assumption agreement	Form	Modified	Available
Form FSA-2476 Transfer of real estate security/transferee	Form	Modified	Available
Form FSA-2465 Assignment Acceptance/release for wool and mohair/borrower	Form	Modified	Repair queued
Form FSA-2450 Temporary Amendment - consent to payment of proceeds from sale	Form	Modified	Repair queued
Form FSA-2425 Cancellling Undisbursed loan funds	Form	Modified	Available
Form FSA-2060 Application for Partial Release Subordination/Consent	Form	Modified	Available
Form FSA-2040 Agreement for Disposition of Security/Release Subordination/Consent	Form	Modified	Available
Form FSA-2040 Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Repair queued
Supporting statement 0560-0236_11 23 2022.docx	Supporting Statement A	Uploaded 2022-11-23	Repair queued
Reporting and Recordkeeping Requriements 11 22 2022.xlsm	Supplementary Document	Uploaded 2022-11-22	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Assisgnment of Deed or Trust for California
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Notification of approval and borrower responsibilities
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Assumption agreement
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Transfer of real estate security/transferee
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Assignment Acceptance/release for wool and mohair/borrower
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Temporary Amendment - consent to payment of proceeds from sale
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Cancellling Undisbursed loan funds
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Application for Partial Release Subordination/Consent
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified	Agreement for Disposition of Security/Release Subordination/Consent
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Form	Modified
1566	Farm Loan Programs - Direct Loan Servicing - Regular	Instruction	Modified

ICR Details

OMB Control No: 0560-0236	ICR Reference No: 202209-0560-003
Status: Historical Active	Previous ICR Reference No: 202001-0560-001
Agency/Subagency: USDA/FSA	Agency Tracking No:
Title: Farm Loan Programs - Direct Loan Servicing - Regular
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 12/29/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/29/2022
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2025	36 Months From Approved	09/30/2023
Responses	98,970	0	98,500
Time Burden (Hours)	30,550	0	30,315
Cost Burden (Dollars)	0	0	0

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Abstract: Information is used to determine borrower compliance with loan covenants, assist borrower in achieving their business goals, and regular servicing of loan account such as graduation, subordination, partial release, and use of proceeds.

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Authorizing Statute(s): US Code: 7 USC 1921 Name of Law: CONACT
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 57453	09/20/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 73280	11/29/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Farm Loan Programs - Direct Loan Servicing - Regular	FSA-2450, FSA-2465, FSA-2476, FSA-2489, FSA-2025, FSA-2400-6 CA, FSA-2040, FSA-2060, FSA-2425	Agreement for Disposition of Security/Release Subordination/Consent ,   Application for Partial Release Subordination/Consent ,   Cancellling Undisbursed loan funds ,   Temporary Amendment - consent to payment of proceeds from sale ,   Assignment Acceptance/release for wool and mohair/borrower ,   Transfer of real estate security/transferee ,   Assumption agreement ,   Notification of approval and borrower responsibilities ,   Assisgnment of Deed or Trust for California

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ICR Summary of Burden

table that charts list of burden

	Total Approved	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	98,970	98,500	0	470	0	0
Annual Time Burden (Hours)	30,550	30,315	0	235	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: FSA is conducting this revision due to Executive Order 14058 issued by the White House, that tasked the Secretary of Agriculture with simplifying the direct loan application process. In doing so, this collection was also affected. Overall, the burden hours increased by 235 hours while the annual responses have increased by 470. The reason for the increase is due to an increase of the number of borrowers who utilize the revised FSA–2060 to request servicing actions. Due to Executive Order 14058, the Secretary of Agriculture tasked FSA with simplifying the direct loan application process that impacted on this collection for the form FSA-2060.

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Annual Cost to Federal Government: $38,322,240

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 11/29/2022

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