[Federal Register: February 28, 2007 (Volume 72, Number 39)]
[Notices]
[Page 9021-9022]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28fe07-80]
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DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
Loan Guaranty, Insurance and Interest Subsidy Program
AGENCY: Bureau of Indian Affairs, Interior.
ACTION: Notice of Submission of Information Collection to the Office of
Management and Budget.
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SUMMARY: In compliance with the Paperwork Reduction Act of 1995, the
Bureau of Indian Affairs (BIA) is submitting the information
collection, titled 25 CFR 103, Loan Guaranty, Insurance, and Interest
Subsidy Program, OMB Control Number 1076-0020 for renewal.
DATES: Submit comments on or before March 30, 2007.
ADDRESSES: You may submit comments on the information collection to the
Desk Officer for Department of the Interior, by facsimile at (202) 395-
Please send a copy of your comments to David Johnson, Acting
Director, Division of Capital Investment, Office of Indian Energy and
Economic Development, Department of the Interior, 1951 Constitution
Avenue, NW., Mail Stop 20-SIB, Washington, DC 20240.
FOR FURTHER INFORMATION CONTACT: You may request further information or
obtain copies of the information collection request submission from
Woodrow B. Sneed, Financial Analyst, Division of Capital Investment,
1951 Constitution Avenue, NW., Mail Stop 20-SIB, Washington, DC 20240
or by telefacsimile at (202) 208-6512.
SUPPLEMENTARY INFORMATION: The purpose of the Loan Guaranty, Insurance,
and Interest Subsidy Program, 25 U.S.C. 1481 et seq. and 25 U.S.C. 1511
et seq., is to encourage private lending to individual Indians and
organizations of Indians, by providing lenders with loan guaranties or
loan insurance to reduce their potential risk. Lenders, borrowers, and
the loan purpose all must qualify under Program terms. In addition, the
Secretary of the Interior must be satisfied that there is a reasonable
prospect that the loan will be repaid. BIA collects information under
the regulations, 25 CFR 103, to assure compliance with Program
requirements. BIA forms concerned with this regulation include: 5-4753
Loan Guaranty Agreement, 5-4754 Loan Insurance Agreement, 5-4754a
Notice of Insured Loan, 5-4755 Request to BIA for Loan Guaranty, Loan
Insurance, and/or Interest Subsidy, 5-4749 BIA Interest Subsidy Report,
5-4759 Assignment of Loan Documents and Related Rights, 5-4760a Notice
of Default, and 5-4760b Claim for Loss. A request for comments on this
information collection request appeared in the Federal Register on
November 24, 2006 (71 FR 67895). No comments were received.
Request for Comments
The Office of Indian Energy and Economic Development requests you
to send your comments on this collection to the two locations listed in
the ADDRESSES section. Your comments should address: (a) The necessity
of this information collection 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 the
burden (hours and cost) of the collection of information, including the
validity of the methodology and assumptions used; (c) ways we could
enhance the quality, utility and clarity of the information to be
collected; and (d) ways we could minimize the burden
[[Page 9022]]
of the collection of the information on the respondents, such as
through the use of automated collection techniques or other forms of
information technology.
Please note that an agency may not sponsor or request, and an
individual need not respond to, a collection of information unless it
displays a valid OMB Control Number.
Once this notice is published in the Federal Register, OMB has up
to 60 days to make a decision on approving this collection but may
decide after 30 days; therefore, your comments will receive maximum
attention if sent within the 30 day period.
OMB Approval Number: 1076-0020.
Title: 25 CFR 103, Loan Guaranty, Insurance, and Interest Subsidy
Program.
Brief Description of Collection: The Loan Guaranty, Insurance, and
Interest Subsidy Program (Program) was established by the Act of April
12, 1974, as amended, 88 Stat. 79, 25 U.S.C. 1481 et seq. and 25 U.S.C.
1511 et seq. The Program has existed since 1974 and the regulations
implementing it have existed since 1975, with significant revision in
2001. It is necessary to collect information from users of this program
in order to determine eligibility and credit worthiness of Indian
applicants for loans. Submission of this information is mandatory for
respondent to receive or maintain a benefit.
Type of Review: Renewal.
Respondents: Commercial banks.
Number of Respondents: 612.
Number of Responses: 1,527.
Estimated Time per Response: 2 hours.
Frequency of Response: As needed.
Total Annual Burden to Respondents: 3,054.
Dated: February 23, 2007.
Debbie L. Clark,
Deputy Assistant Secretary--Indian Affairs (Management).
[FR Doc. 07-920 Filed 2-26-07; 12:05 pm]
BILLING CODE 4310-XN-P