View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 0570-0069	ICR Reference No: 202207-0570-003
Status: Active	Previous ICR Reference No: 202004-0570-001
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: Guaranteed Loanmaking and Servicing Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/10/2025
	Date Received in OIRA: 10/25/2022
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years. The agency is required to display the OMB Control Number and inform respondents of its legal significance in accordance with 5 CFR 1320.5(b).

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2028	36 Months From Approved	01/31/2025
Responses	18,563	0	27,276
Time Burden (Hours)	19,842	0	38,459
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	18,563	27,276	18,563	-27,276
Annual Time Burden (Hours)	19,842	38,459	19,842	-38,459
Annual Cost Burden (Dollars)	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: Beginning October 1, 2020, B&I guaranteed loans are made and serviced under 7 CFR 5001, " Guaranteed Loans." 7 CFR 5001 made no provision to transfer servicing responsibility of the existing loan portfolio, therefore all loans made prior to October 1, 2020, are still serviced under 7 CFR 4287 subpart B. The Rural Business Cooperative Service (RBCS) received funding and authority through Division B, Title I of the CARES Act to provide additional funds for use under the Business & Industry (B&I) Guaranteed Loan Program. The additional funds are thought to be a one-time infusion; however, the Agency wishes to maintain the application forms package in the event funds are provided in the future. The removal of loan making activities, specific CARES Act program responses, the reservation of the processing package and the removal of one obsolete form Form RD 1940-20, Request for Environmental Information results in a reduction in responses and hours of 8,489 and 18,392 respectively. The Agency anticipates that this ICR will continue to have decreased burden as the loans in the portfolio pay in full. Two ICRs were removed due to a change in procedure in how numbers are reported. They were combined into the current ICR.

Annual Cost to Federal Government: $1,323,750

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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? Yes

Agency Contact: Susan Woolard 202 720-9631 susan.woolard@usda.gov

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