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Notice

Request for Revision and Extension of a Currently Approved Information Collection; Servicing of Real Estate Security for Farmer Program Loans and Certain Note-Only Cases

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AGENCY:

Farm Service Agency, USDA.

ACTION:

Notice and request for comments.

SUMMARY:

In accordance with the Paperwork Reduction Act of 1995, this notice announces the intent of the Farm Service Agency (FSA) to request renewal of the information collection currently approved and used in support of the FSA Farm Loan Programs (FLP).

DATES:

Comments on this notice must be received on or before May 1, 2006 to be assured consideration.

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FOR FURTHER INFORMATION CONTACT:

Michael Cumpton, USDA, Farm Service Agency, Loan Servicing and Property Management Division, 1400 Independence Avenue, SW., STOP 0523, Washington, DC 20250-0523; Telephone (202) 690-4014; Electronic mail: mike.cumpton@wdc.usda.gov.

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SUPPLEMENTARY INFORMATION:

Title: (7 CFR 1965-A) Servicing of Real Estate Security for Farmer Program Loans and Certain Note-Only Cases.

OMB Control Number: 0560-0158.

Expiration Date: September 30, 2006.

Type of Request: Extension of a Currently Approved Information Collection.

Abstract: Section 331 of the CONACT (7 U.S.C. 1981), in part, authorizes the Secretary of Agriculture to modify, subordinate and release terms of security instruments, leases, contracts, and agreements entered into by FSA. That section also authorizes transfers of security property as the Secretary deems necessary to carry out the purpose of the loan or protect the Government's financial interest. Section 335 of the CONACT (7 U.S.C. 1985), provides servicing authority for real estate security; operation or lease of realty; disposition of property; conveyance of real property interest of the United States; easements; and condemnations. The information collection required by the Act relates to a program benefit recipient or loan borrower requesting action on security they own, which was purchased with FSA loan funds, improved with FSA loan funds or has otherwise been mortgaged to FSA to secure a government loan. The information to be collected will primarily be financial data not already on file, such as borrower asset values.

Estimate of Annual Burden: Public reporting burden for this collection of information is estimated to average .40 hours per response.

Respondents: Individuals or households, businesses or other for profit and farms.

Estimated Number of Respondents: 31,366.

Estimated Number of Responses per Respondent: 1.0.

Estimated Total Annual Burden on Respondents: 12,697 hours.

Comments are invited on: (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. These 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 Michael Cumpton, Senior Loan Officer, USDA, FSA, Farm Loan Programs, Loan Servicing Division, 1400 Independence Avenue, SW., STOP 0523, Washington, DC 20250-0523.

Comments will be summarized and included in the request for Office of Management and Budget approval of the information collection. All comments will also become a matter of public record.

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Signed in Washington, DC, on February 22, 2006.

Teresa C. Lasseter,

Administrator, Farm Service Agency.

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[FR Doc. E6-2928 Filed 3-1-06; 8:45 am]

BILLING CODE 3410-05-P