The United States Department of Agriculture's Rural Utilities Service (RUS) is seeking public comments on the revision of an existing information collection as outlined in the Paperwork Reduction Act of 1995. This pertains to assessing the necessity, accuracy, and utility of the collected information and ways to minimize the burden on respondents. The RUS uses this information, provided mainly through audited financial statements by borrowers, to make decisions about their creditworthiness and the appropriate use of loan funds. Interested parties are encouraged to submit their comments by April 12, 2021, which will be taken into account in the request for approval from the Office of Management and Budget (OMB).
Simple Explanation
The US Department of Agriculture's Rural Utilities Service wants to hear from people about changing an important form they use to decide if someone can get a loan, and they want to make sure the form is as easy as possible to fill out. People can share their thoughts on this until April 12, 2021.