[Federal Register Volume 75, Number 91 (Wednesday, May 12, 2010)]
[Notices]
[Pages 26706-26707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-11225]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Direct Loan Making

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is seeking comments from all interested 
individuals and organizations on an extension with revision of a 
currently approved information collection that supports Direct Loan 
Making programs. The information is used to determine borrower 
compliance with loan agreements, assist the borrower in achieving 
business goals, and regular servicing of the loan account such as 
graduation, subordination, partial release, and use of proceeds.

[[Page 26707]]


DATES: We will consider comments that we receive by July 12, 2010.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, the OMB control Number and the title of 
the information collection and page number of this issue of the Federal 
Register. You may submit comments by any of the following methods:
    <bullet> Mail: Danny Jackson, Loan Specialist, USDA/FSA/FLP, STOP 
0522, 1400 Independence Avenue, SW., Washington, DC 20250-0522.
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#caaeaba4a4b3e4a0aba9a1b9a5a48abdaea9e4bfb9aeabe4ada5bc"><span class="__cf_email__" data-cfemail="2044414e4e590e4a41434b534f4e605744430e555344410e474f56">[email protected]</span></a>.
    <bullet> Fax: 202-720-6797.
    You may also send comments to the Desk Officer for Agriculture, 
Office of Information and Regulatory Affairs, Office of Management and 
Budget, Washington, DC 20503. Copies of the information collection may 
be requested by contacting Danny Jackson at the above address.

FOR FURTHER INFORMATION CONTACT: Danny Jackson, Loan Specialist, Farm 
Service Agency, (202) 720-0588.

SUPPLEMENTARY INFORMATION:
    Title: (7 CFR 764) Farm Loan Programs Direct Loan Making.
    OMB Number: 0560-0237.
    Expiration Date: 11/30/2010.
    Type of Request: Extension with revision.
    Abstract: FSA's Farm Loan Programs provide loans to family farmers 
to purchase real estate and equipment, and finance agricultural 
production. Direct Loan Making, as specified in 7 CFR part 764, 
provides the requirements associated with direct loans. FSA is required 
to actively supervise its borrowers and provide credit counseling, 
management advice, and financial guidance. Additionally, FSA must 
document that credit is not available to the borrower from commercial 
credit sources in order to maintain eligibility for assistance. Direct 
loan making information collection requirements include financial and 
production records of the operation to ensure that cash flow 
projections are based on actual production history, a loan is 
adequately secured, the applicant meets established eligibility 
requirements, and assignments on income and sales can be obtained when 
appropriate.
    Respondents: Individuals or households, businesses or other for 
profit farms.
    Estimate of Average Time to Respond: .52 hour.
    Estimated Annual Number of Respondents: 145,201.
    Estimated Number of Reponses per Respondent: 3.87.
    Total Annual Responses: 561,362.
    Estimated Total Annual Burden Hours: 289,632.
    We are requesting comments on all aspects of this information 
collection and to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of FSA, including whether the 
information will have practical utility;
    (2) Evaluate the accuracy of FSA's estimate of burden including the 
validity of the methodology and assumptions used;
    (3) Enhance the quality, utility and clarity of the information to 
be collected;
    (4) 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.
    All comments received in response to this notice, including names 
and addresses when provided, will be a matter of public record. 
Comments will be summarized and included in the submission for Office 
of Management and Budget approval.

    Signed at Washington, DC, on May 5, 2010.
Jonathan W. Coppess,
Administrator, Farm Service Agency.
[FR Doc. 2010-11225 Filed 5-11-10; 8:45 am]
BILLING CODE 3410-05-P


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