[Federal Register: May 9, 2008 (Volume 73, Number 91)]
[Notices]               
[Page 26359]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09my08-27]                         

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DEPARTMENT OF AGRICULTURE

 
Submission for OMB Review; Comment Request

May 6, 2008.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments 
regarding (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 should be addressed to: Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget (OMB), OIRA_Submission@OMB.EOP.GOV or 
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO, 
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these 
information collections are best assured of having their full effect if 
received within 30 days of this notification. Copies of the 
submission(s) may be obtained by calling (202) 720-8958.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Farm Service Agency

    Title: Representations for CCC and FSA Loans and Authorization to 
File a Financing Statement.
    OMB Control Number: 0560-0215.
    Summary of Collection: The revised Article 9 of the Uniform 
Commercial Code deals with secured transaction for personal property. 
The revised Article 9 affects the manner in which the Commodity Credit 
Corporation (CCC) and the Farm Service Agency (FSA), as well as any 
other creditor, perfect and liquidate security interests in collateral. 
FSA operates several loan programs that are affected by the revision to 
Article 9 of the Uniform Commercial Code. Each of the programs requires 
that loans be secured with collateral. The security interest is created 
and attaches to the collateral when: (1) Value has been given, (2) the 
debtor has rights in the collateral or the power to transfer rights in 
the collateral, and (3) the debtor has authenticated a security 
agreement that provides a description of the collateral. FSA will 
collect information using form CCC-10. The information obtained on CCC-
10 is needed to not only obtain authorization from loan applicants to 
file a financing statement without their signature, and to verify the 
name and location of the debtor.
    Need and Use of the Information: The information that FSA collects 
will be used to gather or verify basic data regarding the applicant 
which is required on a financing statement and to obtain permission to 
file a financing statement prior to the execution of a security 
agreement. Without obtaining the information from loan applicants, CCC 
and FSA would be unable to perfect a security interest in collateral 
used to secure loans.
    Description of Respondents: Farms; Individuals or households; 
Business or other for-profit.
    Number of Respondents: 55,500.
    Frequency of Responses: Reporting; On occasion.
    Total Burden Hours: 32,357.

Ruth Brown,
Departmental Information Collection Clearance Officer.
 [FR Doc. E8-10403 Filed 5-8-08; 8:45 am]

BILLING CODE 3410-05-P