Justification for Form FSA-2061 and FSA-2062

OMB Control Number: 0560-0236.

Title of Clearance: Farm Loan Programs; Direct Loan Servicing.

Agency Form Number affected by Change Worksheet: FSA-2061, Application for Partial Release or Consent, and

FSA-2062, Application for Subordination of Security for Commercial Credit.

Other Changes:

The specific changes to Form FSA-2061 are the following:

Part A, Item 11 is revised to add the mandatory ECOA (Equal Credit Opportunity Act) disclosure informing the applicant of their right to receive a copy of an FSA-provided real estate appraisal or valuation.

These changes are necessary to meet the requirements of ECOA as put forth in CFR and governed by the CFPB (Consumer Financial Protection Board).

There are no changes to the burden hours for the form because this addition is minimal and does not impact the time to review and/or complete the form.

The specific changes to Form FSA-2062 are the following:

Part B, Item 12(c) is revised to add the mandatory ECOA (Equal Credit Opportunity Act) disclosure informing the applicant of their right to receive a copy of an FSA-provided real estate appraisal or valuation.

These changes are necessary to meet the requirements of ECOA as put forth in CFR and governed by the CFPB (Consumer Financial Protection Board).

There are no changes to the burden hours for the form because this addition is minimal and does not impact the time to review and/or complete the form.