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USDA/FSA | RIN: 0560-AG67 | Publication ID: Spring 2003 |
Title: Servicing Minor Farm Loan Program Loans | |
Abstract: The rule proposes to consolidate regulations currently shared by FSA and the agencies of the USDA Rural Development mission area and publish a single Farm Service Agency regulation. The existence of provisions governing these loans in scattered regulations make proper administration difficult. Information not specific to the Minor Programs will be eliminated, language will be improved for readability, and only regulations pertaining to the FSA Minor Programs will be included. FSA's minor loan program borrowers, a total of 52 Irrigation and Drainage Loan borrowers and 88 Grazing and Land Shift Loan borrowers, with a total outstanding balance of around $20 million, are the only program participants who will be affected by this proposed rule. When finalized, the rule will not change the requirements or the effect of the regulations pertaining to FSA Minor Program Loans. The consolidation of the regulations will enable more efficient use by FSA staff who administer the programs and better service to the customers with these loans. There will be no additional outlays of Federal funds, no additional staffing and no additional paperwork burden. | |
Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 7 CFR 772 7 CFR 1901-E 7 CFR 1942-A 7 CFR 1951-E and F 7 CFR 1956-C (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 5 USC 301 7 USC 1932 Note 7 USC 1989 16 USC 1005 31 USC 3711 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
Agency Contact: Tom Witzig Director, Regulatory Review Group Department of Agriculture Farm Service Agency Room 0339 South Building, MS 0572, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Fax:202 720-5233 Email: tom.witzig@usda.gov |