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[Federal Register Volume 72, Number 11 (Thursday, January 18, 2007)]
[Notices]
[Pages 2256-2257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-599]

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DEPARTMENT OF AGRICULTURE

Farm Service Agency

Request for Extension of a Currently Approved Information 
Collection; Operating Loans; Policies, Procedures, Authorizations and 
Closings

AGENCY: Farm Service Agency, USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the intent of the Farm Service Agency (FSA) to request 
renewal of the information collection currently approved and used in 
support of the FSA Farm Loan Programs (FLP). The collection of 
information from FLP applicants and commercial lenders is used to 
determine eligibility; financial feasibility and security positions 
when the applicant applies for direct loan assistance.

DATES: Comments on this notice must be received on or before March 19, 
2007 to be assured consideration.

FOR FURTHER INFORMATION CONTACT: Cathy Quayle, Senior Loan Officer, 
USDA, Farm Service Agency, Loan Making Division, 1400 Independence 
Avenue, SW., Stop 0522, Washington,

[[Page 2257]]

DC 20250-0522; Telephone (202) 690-4018; Electronic mail: 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Operating Loans; Policies, Procedures, Authorizations and 
Closings.
    OMB Control Number: 0560-0162.
    Expiration Date of Approval: July 31, 2007.
    Type of Request: Extension of a Currently Approved Information 
Collection.
    Abstract: The information collected under OMB Control Number is 
0560-0162 is necessary to effectively administer the operating loan 
program in accordance with the requirements in 7 CFR part 1941 as 
authorized by the Consolidated Farm and Rural Development Act. 
Specifically, the Agency uses the information to evaluate loan making 
or loan servicing proposals, and to process loan closings. The 
information is needed to evaluate an applicant's eligibility, and to 
determine if the operation is economically feasible and if the security 
offered in support of the loan is adequate.
    Estimate of Annual Respondent Burden: Public reporting burden for 
this collection of information is estimated to average .12 hours per 
response.
    Respondents: Individuals or households, businesses or other for 
profit and farms.
    Estimated Number of Respondents: 51,466.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 6,176.
    Comments are invited on the following: (a) Whether the collection 
of information is necessary for the proper performance of the functions 
of the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of burden, including 
the validity of the methodology and assumptions used; (c) ways to 
enhance the quality, utility and clarity of the information to be 
collected; and (d) ways to minimize the burden of the collection of 
information on those who are to respond, including through the use of 
appropriate automated, electronic, mechanical, or other technological 
collection techniques or other forms of information technology. These 
comments should be sent to the Desk Officer for Agriculture, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
Washington, DC 20503 and to Cathy Quayle, Senior Loan Officer, USDA, 
Farm Service Agency, Loan Making Division, 1400 Independence Avenue, 
SW., STOP 0522, Washington, DC 20250-0522.
    Comments will be summarized and included in the request for Office 
of Management and Budget approval of the information collection. All 
comments will also become a matter of public record.

    Signed in Washington, DC on January 10, 2007.
Thomas B. Hofeller,
Acting Administrator, Farm Service Agency.
 [FR Doc. E7-599 Filed 1-17-07; 8:45 am]
BILLING CODE 3410-05-P
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