[Federal Register Volume 75, Number 89 (Monday, May 10, 2010)]
[Notices]
[Page 25833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-10919]


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DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection; Guaranteed Loan Making and Servicing

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 the revision and extension of a 
currently approved information collection used to administer the 
Guaranteed Farm Loan Program.

DATES: We will consider comments that we receive by July 9, 2010.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number, the OMB control 
number, and the title of the information collection of this issue of 
the Federal Register. You may submit comments by any of the following 
methods:
     Mail: Director, Loan Making Division, Farm Service Agency, 
U.S. Department of Agriculture, 1400 Independence Avenue, SW., Stop 
0522, Washington, DC 20250-0522.
     E-mail: [email protected].
     Fax: (202) 720-1657.
    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 Trent Rogers at the above address.

FOR FURTHER INFORMATION CONTACT: Trent Rogers, Senior Loan Officer, 
Loan Making Division, Farm Service Agency, (202) 720-3889.

SUPPLEMENTARY INFORMATION:

Description of Information Collection

    Title: (7 CFR part 762) Guaranteed Farm Loan Program.
    OMB Number: 0560-0155.
    Expiration Date of Approval: 10/31/2010.
    Type of Request: Extension with revision of a currently approved 
information collection.
    Abstract: This information collection is needed to effectively 
administer the FSA guaranteed farm loan programs. The information is 
collected by the FSA loan official in consultation with participating 
commercial lenders. The objective of the guaranteed loan program is to 
provide credit to applicants who are unable to obtain credit from 
lending institutions without a guarantee. The reporting requirements 
imposed on the public by the regulations at 7 CFR part 762 are 
necessary to administer the guaranteed loan program in accordance with 
statutory requirements of the Consolidated Farm and Rural Development 
Act and are consistent with commonly performed lending practices. 
Collection of information after loans are made is necessary to protect 
the Government's financial interest.
    Type of Respondents: Individuals or households, business or other 
for-profit and farms.
    Estimated Average Time to Respond: .733 hours.
    Estimated Number of Respondents: 16,985.
    Estimated Number of Reports Filed per Respondent: 13.5.
    Estimated Total Annual Number of Responses: 229,443.
    Estimated Total Annual Burden on Respondents: 168,387 hours.
    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 the agency, including 
whether the information will have practical utility;
    (2) Evaluate the accuracy of the agency'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 3, 2010.
Jonathan W. Coppess,
Administrator, Farm Service Agency.
[FR Doc. 2010-10919 Filed 5-7-10; 8:45 am]
BILLING CODE 3410-05-P