[Federal Register: August 22, 2003 (Volume 68, Number 163)]
[Notices]
[Page 50744]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr22au03-37]
[[Page 50744]]
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DEPARTMENT OF AGRICULTURE
Farm Service Agency
Notice of Request for Extension of a Currently Approved
Information Collection--Farm Loan Programs Account Servicing Policies
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
an extension of a currently approved information collection for ``Farm
Loan Programs Account Servicing Policies'' used in support of the FSA,
Farm Loan Programs (FLP). This renewal does not involve any revisions
to the program regulations.
DATES: Comments on this notice must be received on or before October
21, 2003 to be assured consideration.
FOR FURTHER INFORMATION CONTACT: Bashir Duale, Senior Loan Officer,
USDA, Farm Service Agency, Loan Servicing and Property Management
Division, 1400 Independence Avenue, SW., STOP 0523, Washington, DC
20250-0523; Telephone (202) 720-1645; Electronic mail: bashir_
duale@wdc.usda.gov <mailto:bashir_
duale@wdc.usda.gov>.
SUPPLEMENTARY INFORMATION:
Title: Farm Loan Programs Account Servicing Policies.
OMB Control Number: 0560-0161.
Expiration Date of Approval: March 31, 2004.
Type of Request: Extension of Currently Approved Information
Collection.
Abstract: The regulation describes the policies and procedures the
Agency will use in servicing delinquent FLP loans. Servicing of the
accounts is administered in accordance with the provisions of the
Consolidated Farm and Rural Development Act (CONACT), as amended. The
CONACT establishes required notification by the Agency and response
time frame requirements for the borrower and Agency actions on the
borrower's request. Specifically, it requires a borrower to document
that they can meet family living and farm operating expenses and
service all debts, including the loan they are proposing to be
restructured by the Agency. This information submitted by the borrowers
to the Agency is used by the Agency officials to consider a financially
distressed or delinquent borrower's request for debt restructuring,
including rescheduling, re-amortization, consolidation, deferral, and
write down.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average 45 minutes per response.
Respondents: Individuals or households, businesses or other for
profit and farms.
Estimated Number of Respondents: 11,672.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Burden on Respondents: 25,302.
Comments are sought on these requirements including: (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.
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 Bashir Duale, USDA, FSA, Farm Loan
Programs, Loan Servicing and Property Management Division, 1400
Independence Avenue, SW., STOP 0523, Washington, DC 20250-0523. Copies
of the information collection may be obtained from Bashir Duale at the
above address.
All responses to this notice will be summarized and included in the
request for OMB approval of the information collection. All comments
will also become a matter of public record.
Signed in Washington, DC, on August 15, 2003.
James R. Little,
Administrator, Farm Service Agency.
[FR Doc. 03-21491 Filed 8-21-03; 8:45 am]
BILLING CODE 3410-05-P
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