83 FR 24966 - Information Collection Request; Direct Loan Servicing-Special Programs

DEPARTMENT OF AGRICULTURE
Farm Service Agency

Federal Register Volume 83, Issue 105 (May 31, 2018)

In accordance with the Paperwork Reduction Act of 1995, the Farm Service Agency (FSA) is requesting comments from all interested individuals and organizations on a revision and an extension of a currently approved information collection request that supports Direct Loan Servicing-Special Programs. The information is used in eligibility and feasibility determinations on borrower requests for disaster set- aside, primary loan servicing, buyout at market value, and homestead protection, as well as liquidation of security.

[Federal Register Volume 83, Number 105 (Thursday, May 31, 2018)]
[Notices]
[Pages 24966-24967]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11694]


-----------------------------------------------------------------------

DEPARTMENT OF AGRICULTURE

Farm Service Agency


Information Collection Request; Direct Loan Servicing-Special 
Programs

AGENCY: Farm Service Agency, USDA.

ACTION: Notice; request for comments.

-----------------------------------------------------------------------

SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Farm Service Agency (FSA) is requesting comments from all interested 
individuals and organizations on a revision and an extension of a 
currently approved information collection request that supports Direct 
Loan Servicing-Special Programs. The information is used in eligibility 
and feasibility determinations on borrower requests for disaster set-
aside, primary loan servicing, buyout at market value, and homestead 
protection, as well as liquidation of security.

DATES: We will consider comments that we receive by July 30, 2018.

ADDRESSES: We invite you to submit comments on this notice. In your 
comments, include date, volume, and page number of this issue of the 
Federal Register. You may submit comments by any of the following 
methods:
     Federal eRulemaking Portal: Go to www.regulations.gov. 
Follow the online instructions for submitting comments.
     Mail, hand delivery, or courier: J. Lee Nault, Senior Loan 
Officer, USDA/FSA/FLP, STOP 0523, 1400 Independence Avenue SW, 
Washington, DC 20250-0503.
    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 J. Lee Nault at the above address.

FOR FURTHER INFORMATION CONTACT: J. Lee Nault, (202) 720-6834. Persons 
with disabilities who require alternative mean for communication 
(Braille, large print, audio tape, and so on) should contact the USDA's 
TARGET Center at (202) 720-2600 (Voice).

[[Page 24967]]


SUPPLEMENTARY INFORMATION: 
    Title: Farm Loan Programs, Direct Loan Servicing--Special.
    OMB Control Number: 0560-0233.
    OMB Expiration Date: 08/31/2018.
    Type of Request: Extension with a revision.
    Abstract: The Farm Loan Programs provide loans to family farmers to 
purchase real estate and equipment and finance agricultural production. 
7 CFR 766, Direct Loan Servicing-Special, provides the requirements for 
servicing financially distressed and delinquent direct loan borrowers. 
The loan servicing options include disaster set-aside, primary loan 
servicing (including reamortization, rescheduling, deferral, write down 
and conservation contracts), buyout at market value, and homestead 
protection. FSA also services borrowers who file bankruptcy or 
liquidate security when available servicing options are not sufficient 
to produce a feasible plan. The information collections contained in 
the regulation are necessary to evaluate a borrower's request for 
consideration of the special servicing actions.
    The numbers of respondents and responses increased because the loan 
servicing activities increased by 15 percent to reflect the current 
numbers since the last OMB approval. The annual burden hours decreased 
due to removal of travel times from the request. The respondents are 
going to the County office to do regular and customary (or normal) 
business for the Farm Loan Programs.
    For the following estimated total annual burden on respondents, the 
formula used to calculate the total burden hour is the estimated 
average time per response multiplied by the estimated total annual 
responses.
    Estimate of Respondent Burden: Public reporting burden for this 
information collection is estimated to average 0.374 hours per 
response, including the time for reviewing instructions, searching 
existing data sources, gathering and maintaining the data needed and 
completing and reviewing the collections of information.
    Type of Respondents: Individuals or households, businesses or other 
for profit farms.
    Estimated Annual Number of Respondents: 17,174.
    Estimated Number of Reponses per Respondent: 1.869.
    Estimated Total Annual Responses: 32,114.
    Estimated Average Time per Response: 0.374.
    Estimated Total Annual Burden on Respondents: 12,036.
    We are requesting comments on all aspects of this information 
collection to help us to:
    (1) Evaluate whether the collection of information is necessary for 
the proper performance of the functions of the FSA, including whether 
the information will have practical utility;
    (2) Evaluate the accuracy of the 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.

Richard Fordyce,
Administrator, Farm Service Agency.
[FR Doc. 2018-11694 Filed 5-30-18; 8:45 am]
 BILLING CODE 3410-05-P