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OMB Control No: 0570-0069	ICR Reference No: 201408-0570-001
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: Guaranteed Loanmaking and Servicing Regulations
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 06/09/2015
	Date Received in OIRA: 09/16/2014
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). In accordance with 5 CFR 1320, OMB is withholding approval at this time. The agency shall examine public comment in response to the proposed rulemaking and will include in the supporting statement of the next ICR--to be submitted to OMB at the final rule stage--a description of how the agency has responded to any public comments on the ICR, including comments on maximizing the practical utility of the collection and minimizing the burden.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

Abstract: The Business and Industry (B&I) program was legislated in 1972 under Section 310B of the Consolidated Farm and Rural Development Act, as amended. The purpose of the program is to improve, develop, or finance businesses, industries, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved through bolstering the existing private credit structure through the guaranteeing of quality loans made by lending institutions, thereby providing lasting community benefits. The B&I program is administered by the Agency through Rural Development State and sub-State Offices serving each State.

Authorizing Statute(s): PL: Pub.L. 92 - 419 310B Name of Law: Consolidated Farm and Rural Development Act of 1972

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
0570-AA85	Proposed rulemaking	79 FR 55316	09/15/2014

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Guaranteed Loanmaking and Servicing Regulations- Privat Sector	4279-8, 4279-1, 4279-14, 1980-43, 1980-44, 4279-2, 4279-3, 4279-4, 4279-6, 1980-41, 449-30, 1940-20, 1980-19	, , , , , , , , , , , ,
Guaranteed Loanmaking and Servicing Regulations- State, Local, and Tribal Governments	4279-1, 1980-19, 1980-43, 1980-44, 449-30, 4279-2, 4279-3, 4279-4, 4279-6, 4279-8, 4279-14, 1980-41, 1940-20	, , , , , , , , , , , ,

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection that is combining burden from 0570-0016, 0017 and 0018. The combined total of these three packages forms the baseline for the new burden. The reporting requirement for a non-regulated lender (formerly non-traditional lender) has been increased by 2 hours to account for the additional information required to become an eligible non-regulated lender in the B&I program. Additionally, the Certified Lender Program (CLP) no longer exists in the regulation, so its reporting requirements have been deleted. Accordingly, the reporting requirement for funds reservation under the CLP has also been deleted. The reporting requirement for the financing of housing development sites no longer exists as this is no longer an eligible loan purpose. Loan guarantee limits has been split out because there are two different limits – loan limits and percentage of guarantee limits and the burden for each is separated. Change in conditions requests have been added as the lender has the ability to request changes to the Conditional Commitment and must formally request those changes. A requirement for the borrower to provide a Central Contractor Registration number has been added.The burden hours for the proposed rule as represented by this package represents 33,763 hours and 24,976 responses. All of the above has resulted in an adjustment decrease of 1,637 hours in burden and a decrease of 4,884 responses.

Annual Cost to Federal Government: $1,146,663

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Brenda Griffin 202 720-6802 brenda.griffin@wdc.usda.gov

View ICR - OIRA Conclusion