Rural Business-Cooperative Service, USDA.
Notice and request for comments.
In accordance with the Paperwork Reduction Act of 1995, the Rural Business-Cooperative Service (RBS) invites comments on this information collection for which RUS intends to request approval from the Office of Management and Budget (OMB).
Comments on this notice must be received by June 24, 2019.
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FOR FURTHER INFORMATION CONTACT:
Thomas P. Dickson, Rural Development Innovation Center—Regulatory Team 2, USDA, 1400 Independence Avenue SW, STOP 1522, Room 5164, South Building, Washington, DC 20250-1522. Telephone: (202) 690-4492. Email Thomas.email@example.com.
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The Office of Management and Budget's (OMB) regulation (5 CFR 1320) implementing provisions of the Paperwork Reduction Act of 1995 (Pub. L. 104-13) requires that interested members of the public and affected agencies have an opportunity to comment on information collection and recordkeeping activities (see 5 CFR 1320.8(d)). This notice identifies an information collection that RUS is submitting to OMB for extension.
Comments are invited on: (a) Whether the proposed 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 the burden of the proposed collection of information 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 may be sent to: Thomas P. Dickson, Rural Development Innovation Center—Regulatory Team 2, USDA, 1400 Independence Avenue SW, STOP 1522, Room 5164, South Building, Washington, DC 20250-1522. Telephone: (202) 690-4492. Email Thomas.firstname.lastname@example.org.
Title: Guaranteed Loanmaking and Servicing Regulations.
OMB Number: 0570-0069.
Type of Request: Extension of a currently approved information collection.
Abstract: The Business & Industry Guaranteed Loan Program is authorized under Section 310B of the Consolidated Farm and Rural Development Act (7 U.S.C. 1926) to banks and other approved lenders to finance private businesses located in rural areas. The guaranteed loan program encourages lender participation and provides specific guidance in the processing and servicing of guaranteed loans. The regulations governing the Business & Industry Guaranteed Loan Program are codified at 7 CFR 4279. The required information, in the form of written documentation and Agency approved forms, is collected from applicants/borrowers, their lenders, and consultants. The collected information will be used to determine applicant/borrower eligibility, project feasibility, and to ensure borrowers operate on a sound basis and use loan funds for authorized purposes. Failure to collect proper information could result in improper determinations of eligibility, improper use of funds, and/or unsound loans.
Estimate of Burden: Public reporting burden for this collection of information is estimated to average 13 hours per response.
Respondents: Business or other for profit; Not-for-profit institutions; State, Local or Tribal government.
Estimated Number of Respondents: 3,000.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Burden on Respondents: 38,359 hours.
Copies of this information collection can be obtained from Thomas P. Dickson, Rural Development Innovation Center—Regulatory Team 2, USDA, 1400 Independence Avenue SW, STOP 1522, Room 5164, South Building, Washington, DC 20250-1522. Telephone: (202) 690-4492. Email Thomas.email@example.com. All responses to this notice will be summarized and included in the request for OMB approval. All comments will also become a matter of public record.
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Bette B. Brand,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 2019-08168 Filed 4-22-19; 8:45 am]
BILLING CODE 3410-XY-P