[Federal Register: May 28, 2008 (Volume 73, Number 103)]
[Notices]
[Page 30600-30601]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28my08-30]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
May 22, 2008.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
regarding (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; (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 should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), OIRA_Submission@OMB.EOP.GOV or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these
information collections are best assured of having their full effect if
received within 30 days of this notification. Copies of the
submission(s) may be obtained by calling (202) 720-8681.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Rural Housing Service
Title: 7 CFR 1951-E, ``Servicing of Community and Direct Business
Programs Loans and Grants''.
OMB Control Number: 0575-0066.
Summary of Collection: Rural Development (Agency) is the credit
[[Page 30601]]
agency for agriculture and rural development for the U.S. Department of
Agriculture. The Community Facilities program is authorized to make
loans and grants for the development of essential community facilities
primarily serving rural residents. The Direct Business and Industry
Program is authorized to make loans to improve, develop, or finance
business, industry, and employment, and improve the economic and
environmental climate in rural communities. Section 331 and 335 of the
Consolidated Farm and Rural Development Act, as amended, authorizes the
Secretary of Agriculture, acting through the Agency, to establish
provisions for security servicing policies for the loans and grants in
question. If there is a problem which exists, a recipient of the loan,
grant, or loan guarantee must furnish financial information which is
used to aid in resolving the problem through reamortization, sale,
transfer, debt restructuring, liquidation, or other means provided in
the regulations.
Need and Use of the Information: The Agency will collect
information from applicants, borrowers, consultants, lenders and
attorneys. This information is used to determine applicant/borrower
eligibility and project feasibility for various servicing actions. The
information enables field staff to ensure that borrowers operate on a
sound basis and use loan and grant funds for authorized purposes.
Description of Respondents: State, Local or Tribal Government; not-
for-profit institutions.
Number of Respondents: 587.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 1,042.
Rural Housing Service
Title: RD 3550-28, ``Authorization Agreement for Preauthorization
Payments''; RD 1951-65, ``Customer Initiated Payments (CIP)'' and RD
1951-66, ``Fedwire Worksheet''.
OMB Control Number: 0575-0184.
Summary of Collection: Rural Development (RD) uses electronic
methods for receiving and processing loan payments and collections.
These electronic collection methods are approved by Treasury and
include Preauthorized Debits (PAD), Customer Initiated Payments (CIP),
and FedWire. These electronic collection methods provide the borrower
the ability to submit their loan payments the day prior to, or the day
of their installment due date. To administer these electronic payment
methods, RD will use approved agency forms for collecting financial
institution routing information. Form RD 3550-28, Authorization
Agreement for Preauthorized Payments, is prepared by the borrower to
authorize RD to electronically collect regular loan payments from a
borrower's account at a financial institution (FI) as preauthorized
debits. Form RD 1951-65 is prepared by the borrower to enroll in CIP.
CIP is an electronic collection method that enables borrowers to input
payment data to a contract bank via telephone (touch tone and voice) or
computer terminal. Form RD 1951-66, FedWire Worksheet, is completed by
the borrower to establish an electronic FedWire format with their FI.
Need and Use of the Information: RD will request that borrowers
make payments electronically via PAD, CIP, or FedWire. The information
is collected only once unless the FI routing information changes. If
the information were not collected, RD would be unable to collect loan
payments electronically.
Description of Respondents: Not-for-profit institutions; Business
or other for-profit; State, Local or Tribal Government.
Number of Respondents: 23,520.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 11,761.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. E8-11872 Filed 5-27-08; 8:45 am]
BILLING CODE 3410-XT-P