Guaranteed Rural Housing Loan Program -- 7 CFR Part 3555

Forms and Documents

Document Name	Status
Form Form 3555-11 Guaranteed Rural Housing Loan Program -- 7 CFR Part 3555 Form	Modified
Form RD 3555-11 7 CFR 3555 - State, Local and Tribal Form	Removed
2024-15597.pdf Supplementary Document	2024-09-23
0575-0179_Burden Worksheet_2024_9.17.2024.xlsx Supplementary Document	2024-09-23
7 CFR Part 3555.pdf Supplementary Document	2024-09-23
0575-0179_Supporting Statement_2024_9.17.2024.docx Supporting Statement A	2024-09-23
FEMA8193.docx Supplementary Document	2017-08-30

IC Document Collections

IC ID	Document Title	Status
36933	Guaranteed Rural Housing Loan Program -- 7 CFR Part 3555 Form	Modified
205859	7 CFR 3555 - State, Local and Tribal Form	Removed

ICR Details

OMB Control No: 0575-0179	ICR Reference No: 202409-0575-001
Status: Received in OIRA	Previous ICR Reference No: 202001-0575-001
Agency/Subagency: USDA/RHS	Agency Tracking No:
Title: Guaranteed Rural Housing Loan Program -- 7 CFR Part 3555
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/27/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2024
Responses	860,921	1,259,360
Time Burden (Hours)	471,052	935,003
Cost Burden (Dollars)	0	0

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Abstract: Section 517(d) of title V of the Housing Act of 1949, as amended, provides the authority for the Secretary of Agriculture to issue loan guarantees for the acquisition of new or existing dwellings and related facilities to provide decent, safe, and sanitary living conditions and other structures in rural areas.

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Authorizing Statute(s): US Code: 42 USC 1471 Name of Law: Title V of the Housing Act
  

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:
	89 FR 57850	07/16/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 104073	12/20/2024
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
7 CFR 3555 - State, Local and Tribal	RD 1924-25, RD 1980-19, RD 3555-12, RD 3555-13, RD 3555-16, RD 3555-17, RD 3555-18, RD 3555-20, RD 3555-21, RD 3555-11, RD 1910-5, RD 1944-4, RD 1944-62	Guarantee Rural Housing Lender Record Change ,   Master Interest Assistance and Shared Equity Agreement with promissory note ,   Annual Interest Assistance Agreement ,   Agreement for Participation Guarantee/Insured Loan Program of the US Government ,   Loan Note Guarantee ,   Conditional Commitment for SFH Guarantee ,   Rural Housing Guarantee Report of Loss ,   Request for Signle Family Housing Loan Guarantee ,   Request for Verification of Employment ,   Guaranteed Loan Closing Report ,   Certification of Disability or Handicap ,   Request for Verification of Deposit ,   Plan Certification
Guaranteed Rural Housing Loan Program -- 7 CFR Part 3555	Form 1980-19, Form 1944-62, Form 1944-4, Form 1910-5, Form 1924-25, Form 3555-11, Form 3555-12, Form 3555-13, Form 3555-16, Form 3555-17, Form 3555-18, Form 3555-21	Guaranteed Rural Housing Record Change ,   Master Interest Assistance and Shared Equity Agreement with Promissory Note ,   Annual Interest Assistance Agreement ,   Agreement for Participation in SFH Guaranteed/Insured Loan Programs of the United States Government ,   Loan Note Guarantee ,   Conditional Commitment for SFH Loan Guarantee ,   Request for Single Family Housing Guarantee ,   Request for Verification of Employment ,   Plan Certification ,   Certification of Disability or Handicap ,   Request for Verification of Deposit ,   Guaranteed Loan Closing Report

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ICR Summary of Burden

	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	860,921	1,259,360	0	0	-398,439	0
Annual Time Burden (Hours)	471,052	935,003	0	0	-463,951	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: There is an estimated decrease of 398,439 responses and 463,951 burden hours since the last submission. Any change in hours is a result of decreased demand by the public due to rising interest rates and lack of available affordable housing. Also considered is that the previous cycle included record low interest rates which attributed to a marked increase in refinance activity. Integration of the SFHGLP into the National model was necessary to provide lenders improved customer service, as well as consistent turn times and policy interpretation.

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Annual Cost to Federal Government: $7,117,870

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.     No

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: 12/27/2024

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