Individual and Household Burden Hour requirement 34 CFR 674

OMB.1845.0023.v.5 Table.10.26.07	Oct-07
Respondent Type	Requirement	# of Respondents	# of Responses	Hours/Response	Total Hours	Description
Section A: Burden by Affected Entity
Federal Government
Individuals or Households
1	34 CFR 674.39	479451	479451	0.0116487	5585	1 Loan Rehabilitation
2	34 CFR 674.41	2675273	2675273	0.0166665975	44588	2 Due Diligence - general requirements
3	34 CFR 674.42	2675273	2675273	0.0166665975	44588	3 Contact with the borrower
4	34 CFR 674.43	2675273	2675273	0.0166665975	44588	4 Billing Procedures
5	34 CFR 674.45	622004	622004	0.016666	10366	5 Collections procedures
6	34 CFR 674.47	622004	622004	0.016666	10366	6 Costs chargable to the Fund
7	34 CFR 674.48	479443	479443	0.0166663823	7991	7 Use of contractors
8	34 CFR 674.49	85005	85005	0.0166662347	1417	8 Bankruptcy of Borrower
Sub-total		10313726	10313726		169489
Private Sector
Business or other for-profits
1	34 CFR 674.39	660	660	0.449775112	297	1 Loan Rehabilitation
2	34 CFR 674.41	660	660	1.4602	964	2 Due Diligence - general requirements
3	34 CFR 674.42	660	660	1.4602	964	3 Contact with the borrower
4	34 CFR 674.43	660	660	1.4602	964	4 Billing Procedures
5	34 CFR 674.45	660	660	1.005	663	5 Collections procedures
6	34 CFR 674.47	660	660	1.005	663	6 Costs chargable to the Fund
7	34 CFR 674.48	660	660	0.9295	613	7 Use of contractors
8	34 CFR 674.49	660	660	0.169	112	8 Bankruptcy of Borrower
Sub-total		5280	5280		5240
Not-for profits
1	34 CFR 674.39	660	660	0.449775112	297	1 Loan Rehabilitation
2	34 CFR 674.41	660	660	1.4602	964	2 Due Diligence - general requirements
3	34 CFR 674.42	660	660	1.4602	964	3 Contact with the borrower
4	34 CFR 674.43	660	660	1.4602	964	4 Billing Procedures
5	34 CFR 674.45	660	660	1.005	663	5 Collections procedures
6	34 CFR 674.47	660	660	1.005	663	6 Costs chargable to the Fund
7	34 CFR 674.48	660	660	0.9295	613	7 Use of contractors
8	34 CFR 674.49	660	660	0.169	112	8 Bankruptcy of Borrower
Sub-total		5280	5280		5240
Farms
State, Local, or Tribal Governments
1	34 CFR 674.39	660	660	0.449775112	297	1 Loan Rehabilitation
2	34 CFR 674.41	660	660	1.4602	964	2 Due Diligence - general requirements
3	34 CFR 674.42	660	660	1.4602	964	3 Contact with the borrower
4	34 CFR 674.43	660	660	1.4602	964	4 Billing Procedures
5	34 CFR 674.45	660	660	1.005	663	5 Collections procedures
6	34 CFR 674.47	660	660	1.005	663	6 Costs chargable to the Fund
7	34 CFR 674.48	660	660	0.9295	613	7 Use of contractors
8	34 CFR 674.49	660	660	0.169	112	8 Bankruptcy of Borrower
Sub-total		5280	5280		5240
Sub-total		10329566	10329566		185209
Section B: Burden Impact Totals
CURRENT INVENTORY
Current # of Respondents		2800642
Current # of Responses			2800642
Current Inventory of Hours					61879
FINAL REG TOTAL RESPONDENTS		10329566
FINAL REG TOTAL RESPONSES			10329566
FINAL REG TOTAL BURDEN HOURS					185209
TOTAL REVISED # RESPONDENTS		13130208
TOTAL REVISED # RESPONSES			13130208
TOTAL REVISED # HOURS					247088
Difference					185209
Section C: Burden by Regulation Group
1. Sections 674.39 – Loan Rehabilitation
Individuals	34 CFR 674.39	479451	479451	0.0116487	5585
Business or other for-profits-lenders	34 CFR 674.39	660	660	0.449775112	297
Not-for profits	34 CFR 674.39	660	660	0.449775112	297
State, Local, or Tribal Governments	34 CFR 674.39	660	660	0.449775112	297
Sub-total		481431	481431		6476
2. Sections 674.41 – Due Diligence - general requirements
Individuals or Households	34 CFR 674.41	2675273	2675273	0.016666598	44588
Business or other for-profits	34 CFR 674.41	660	660	1.4602	964
Not-for profits	34 CFR 674.39	660	660	1.4602	964
State, Local, or Tribal Governments	34 CFR 674.39	660	660	1.4602	964
Sub-total		2677253	2677253		47480
3. Sections 674.42 – Contact with the Borrower
Individuals or Households	34 CFR 674.42	2675273	2675273	0.016666598	44588
Business or other for-profits	34 CFR 674.42	660	660	1.4602	964
State, Local, or Tribal Governments	34 CFR 674.42	660	660	1.4602	964
Not-for profits	34 CFR 674.42	660	660	1.4602	964
Sub-total		2677253	2677253		47480
4. Sections 674.43 – Billing Procedures
Individuals or Households	34 CFR 674.43	2675273	2675273	0.016666598	44588
Business or other for-profits	34 CFR 674.43	660	660	1.4602	964
Not-for profits	34 CFR 674.43	660	660	1.4602	964
State, Local, or Tribal Governments	34 CFR 674.43	660	660	1.4602	964
Sub-total		2677253	2677253		47480
5. Sections 674.45 – CollectionsProcedures
Individuals or Households	34 CFR 674.45	622004	622004	0.016666	10366
Business or other for-profits	34 CFR 674.45	660	660	1.005	663
Not-for profits	34 CFR 674.45	660	660	1.005	663
State, Local, or Tribal Governments	34 CFR 674.45	660	660	1.005	663
Sub-total		623984	623984		12355
6. Sections 674.47 – Costs Chargable to the Fund
Individuals or Households	34 CFR 674.47	622004	622004	0.016666	10366
Business or other for-profits	34 CFR 674.47	660	660	1.005	663
Not-for profits	34 CFR 674.47	660	660	1.005	663
State, Local, or Tribal Governments	34 CFR 674.47	660	660	1.005	663
Sub-total		623984	623984		12355
7. Section 674.48 - Use of Contractors
Individuals or Households	34 CFR 674.48	479443	479443	0.0166663823	7991
Business or other for-profits	34 CFR 674.48	660	660	0.9295	613
Not-for profits	34 CFR 674.48	660	660	0.9295	613
State, Local, or Tribal Governments	34 CFR 674.48	660	660	0.9295	613
Sub-total		481423	481423		9830
8. Section 674.49 - Bankruptcy of Borrower
Individuals or Households	34 CFR 674.49	85005	85005	0.0166662347	1417
Business or other for-profits	34 CFR 674.49	660	660	0.169	112
Not-for profits	34 CFR 674.49	660	660	0.169	112
State, Local, or Tribal Governments	34 CFR 674.49	660	660	0.169	112
Sub-total		86985	86985		1753
GRAND TOTAL		10329566	10329566		185209
Section D: Current Burden, Final Reg Burden, and Net Burden (Revised) by Regulation Group
		# of Respondents	# of Responses		# Hours
1. Sections 674.39 – Loan Rehabilitation
Current Burden		411585	411585		14439
Final Reg Burden		481431	481431		6476
Net Burden (Revised)		893016	893016		20915
2. Sections 674.41 – Due Diligence - general requirements
Current Burden		1049216	1049216		437
Final Reg Burden		2677253	2677253		47480
Net Burden (Revised)		3726469	3726469		47917
3. Sections 674.42 – Contact with the Borrower
Current Burden		411585	411585		14439
Final Reg Burden		2677253	2677253		47480
Net Burden (Revised)		3088838	3088838		61919
4. Sections 674.43 – Billing Procedures
Current Burden		411585	411585		14439
Final Reg Burden		2677253	2677253		47480
Net Burden (Revised)		3088838	3088838		61919
5. Sections 674.45 – CollectionsProcedures
Current Burden		411585	411585		14438
Final Reg Burden		623984	623984		12355
Net Burden (Revised)		1035569	1035569		26793
6. Sections 674.47 – Costs Chargable to the Fund
Current Burden		29030	29030		1155
Final Reg Burden		623984	623984		12355
Net Burden (Revised)		653014	653014		13510
7. Section 674.48 - Use of Contractors
Current Burden		29027	29027		1155
Final Reg Burden		481423	481423		9830
Net Burden (Revised)		510450	510450		10985
8. Section 674.49 - Bankruptcy of Borrower
Current Burden		47029	47029		1377
Final Reg Burden		86985	86985		1753
Net Burden (Revised)		134014	134014		3130
GRAND TOTAL		13130208	13130208		247088