A borrower's assets provide the security for a Government loan. Selling of assets reduces the security and increases the risk to the Government. RUS Form 369 allows the borrowers to seek agency permission to sell some of its assets.
The increase in burden cost for this collection is due to updating the package to account for all items required from the regulation and the professional wage rate was updated to use most current data, and the number of respondents increasing from 33 to 35.
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.