FSA-85-1 Reporting and Recordkeeping Requirements
FSA_85-1_Reporting_and_Recordkeeping_Requirement_Grid_(Land_Contract)(1).xlsx
Land Contract Guarantee Program
FSA-85-1 Reporting and Recordkeeping Requirements
OMB: 0560-0279
⚠️ Notice: This form may be outdated. More recent filings and information on OMB 0560-0279 can be found here:
Document [xlsx]
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| 0560-NEW | 
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10/5/2010 | |||||||||
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| Prompt Payment | |||||||||||
| Seller | |||||||||||
| (8 applications per year) | |||||||||||
| Letter of Interest | FSA-2680 | 120 | |||||||||
| Seller-Individual | (Farmer) | 763.7 (a) | 5 | 1 | 5 | 2 | 10 | ||||
| (OMB 0560-NEW) | |||||||||||
| Letter of Interest | FSA-2680 | 120 | |||||||||
| Seller-Husband/Wife | (Farmer) | 763.7 (a) | 2 | 1 | 2 | 2 | 4 | ||||
| (OMB 0560-NEW) | |||||||||||
| Letter of Interest | FSA-2680 | 120 | |||||||||
| Seller-Entity | (Farmer) | 763.7 (a) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Standard Guarantee | |||||||||||
| Seller | |||||||||||
| (2 Applications per year) | |||||||||||
| Letter of Interest | FSA-2680 | 120 | |||||||||
| Seller-Individual | (Farmer) | 763.7 (a) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Letter of Interest | FSA-2680 | 120 | |||||||||
| Seller-H/W, Entity | (Farmer) | 763.7 (a) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Bold-Denotes Unduplicated Responses | |||||||||||
| TOTALS | 10 | 10 | 20 | ||||||||
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| 0560-NEW | 
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| Prompt Payment | |||||||||||
| Buyer | |||||||||||
| (8 applications per year) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Buyer-Individual | (Farmer) | 763.17 (c) | 5 | 1 | 5 | 2 | 10 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Buyer-H/W | (Farmer) | 763.17 (c) | 2 | 1 | 2 | 2 | 4 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Buyer-Entity | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Prompt Payment | |||||||||||
| Seller | |||||||||||
| (8 applications per year) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Seller-Individual | (Farmer) | 763.17 (c) | 5 | 1 | 5 | 2 | 10 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Seller-H/W | (Farmer) | 763.17 (c) | 2 | 1 | 2 | 2 | 4 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| Seller-Entity | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Prompt Payment | |||||||||||
| Agent | |||||||||||
| (8 applications per year) | |||||||||||
| Land Contract Agreement for Prompt Payment Guarantee | FSA-2681 | 120 | |||||||||
| (Business) | 763.17 (c) | 8 | 1 | 8 | 2 | 16 | |||||
| (OMB 0560-NEW) | |||||||||||
| TOTALS | 24 | 24 | 48 | ||||||||
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| 0560-New | 
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| Standard Payment | |||||||||||
| Buyer | |||||||||||
| (2 applications per year) | |||||||||||
| Land Contract Agreement for Standard Guarantee | FSA-2682 | 120 | |||||||||
| Seller-Individual | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Standard Guarantee | FSA-2682 | 120 | |||||||||
| Seller-H/W, Entity | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Standard Payment | |||||||||||
| Seller | |||||||||||
| (2 applications per year) | |||||||||||
| Land Contract Agreement for Standard Guarantee | FSA-2682 | 120 | |||||||||
| Seller-Individual | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Land Contract Agreement for Standard Guarantee | FSA-2682 | 120 | |||||||||
| Seller-H/W, Entity | (Farmer) | 763.17 (c) | 1 | 1 | 1 | 2 | 2 | ||||
| (OMB 0560-NEW) | |||||||||||
| Agent | |||||||||||
| Land Contract Agreement for Standard Guarantee | FSA-2682 | 120 | |||||||||
| Agent | (Business) | 763.17 (c) | 2 | 1 | 2 | 2 | 4 | ||||
| (OMB 0560-NEW) | New | ||||||||||
| TOTALS | 6 | 6 | 12 | ||||||||
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| FSA-2683 | 763.7 (b)(1) | 30 | |||||||||
| Buyer-Individual | (Farmer) | 7 | 1 | 7 | 0.5 | 4 | |||||
| Request for Land Contract Loan Making Assistance | FSA-2683 | 763.7 (b)(1) | 30 | ||||||||
| Buyer-Husband/Wife | (Farmer) | 2 | 1 | 2 | 0.5 | 1 | |||||
| Request for Land Contract Loan Making Assistance | FSA-2683 | 763.7 (b)(1) | 60 | ||||||||
| Buyer-Entity (3 Memebers) | (Farmer) | 1 | 1 | 1 | 1.0 | 1 | |||||
| Copy of Insurance-Seller | Non-Form | 763.15 (a) | 15 | ||||||||
| Loan Making | (Farmer) | 10 | 1 | 10 | 0.25 | 2.5 | |||||
| Copy of Insurance-Seller | Non-Form | 763.18 (a)(4) | 15 | ||||||||
| Loan Servicing | (Farmer) | 763.18 (b)(4) | |||||||||
| Copy of Real Estate Taxes-Seller | Non-Form | 15 | |||||||||
| Loan Making | (Farmer) | 763.15 (a) | 10 | 1 | 10 | 0.25 | 2.5 | ||||
| Copy of Real Estate Taxes-Agent | Non-Form | 15 | |||||||||
| Loan Servicing | (Farmer) | 763.18 (a)(4) | 10 | 1 | 10 | 0.25 | 2.5 | ||||
| 763.18 (b)(4) | |||||||||||
| Copy of Land Contract | Non-Form | 15 | |||||||||
| (Farmer) | 763.7 (b)(13) | 10 | 1 | 10 | 0.25 | 2.5 | |||||
| Additional Information | Non-Form | 15 | |||||||||
| (Farmer) | 763.7 (b)(3)(v) | 5 | 1 | 5 | 0.25 | 1.25 | |||||
| 763.7 (b)(14) | |||||||||||
| TOTALS | 10 | 55 | 17 | ||||||||
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| Copy of Agent Bonding Documents-Agent | Non-Form | 763.11 (c)(1) | 15 | ||||||||
| Loan Servicing | (Business) | 763.11 (c)(2) | 10 | 1 | 10 | 0.25 | 2.5 | ||||
| Annual Inspection Report-Agent | Non-Form | 15 | |||||||||
| Loan Servicing-(Standard) | (Business) | 763.18 (b)(5) | 2 | 1 | 2 | 0.25 | 0.5 | ||||
| Payment Reminder Notice-Agent | Non-Form | 763.18(a)(5) | 20 | ||||||||
| Loan Servicing (Prompt & Standard) | (Business) | 763.18(b)(8) | 10 | 1 | 10 | 0.33 | 3.3 | ||||
| Demand for Default Payment-Agent | Non-Form | 763.20(a)(1) | 15 | ||||||||
| Loan Servicing (Prompt & Standard) | (Business) | 763.20(b)(1) | 1 | 1 | 1 | 0.25 | 0.25 | ||||
| Demand for Agency Payment-Agent | Non-Form | 763.20(a)(2) | 15 | ||||||||
| Loan Servicing | (Business) | 763.20(b)(2)(i)(D) | 1 | 1 | 1 | 0.25 | 0.25 | ||||
| Inform Agency of Liquidation-Agent | Non-Form | 763.20(b)(2) | 15 | ||||||||
| Loan Servicing | (Business) | 1 | 1 | 1 | 0.25 | 0.25 | |||||
| Liquidation Plan-Agent | Non-Form | 763.20(b)(2)(i)(A) | 360 | ||||||||
| Loan Servicing (Standard) | (Business) | 1 | 1 | 1 | 6 | 6 | |||||
| Report of Loss-Agent | Non-Form | 763.20(b)(2)(i)(A) | 60 | ||||||||
| Loan Servicing | (Business) | 763.20(b)(2)(i)(B) | 1 | 1 | 1 | 1 | 1 | ||||
| Guarantee Loan Status Report | FSA-2241 | 763.18 (a)(10) | 20 | ||||||||
| (OMB 0560-0155) | (Business) | 763.18 (b)(7) | 10 | 2 | 20 | 0.33 | 7 | ||||
| Land Contract Recapture Agreement | FSA-2684 | 763.20(b)(2)(ii)(B) | 15 | ||||||||
| (Farmer) | 1 | 1 | 1 | 0.25 | 0.25 | ||||||
| Travel time | 120 | ||||||||||
| (10 buyers & sellers=20) | (Farmer) | 20 | 2 | 40 | |||||||
| TOTALS | 10 | 48 | 61 | ||||||||
| GRAND TOTALS | 60 | 143 | 158 | ||||||||
| Summary-Land Contract Guarantee Program | |||||||||||
| Total Number of Unduplicated Respondents | 60 | ||||||||||
| Reports Filed per Person | 2.4 | ||||||||||
| (Col. 10 / Col. 8) (143/60) | |||||||||||
| Total Annual Responses | 143 | ||||||||||
| (Col. 10) | |||||||||||
| Total Annual Burden Hours | 158 | ||||||||||
| (Col. 12) | |||||||||||
| Average Burden per Collection | 66.2 | Min | |||||||||
| (Col. 12 / Col. 10 x 60) (158/143x.60) | |||||||||||
| Average Burden per Respondent | 2.63 | Hrs. | |||||||||
| (Col. 12 / Col. 8) (158/60) | |||||||||||
| Respondents cost per Hour | Farmer | Business | Burden Hrs | ||||||||
| Farmer | $24.00 | ||||||||||
| Total Hrs.-Farmer | 117 | Page 1 | 20 | 0 | 20 | ||||||
| Total Cost-Farmer | $2,808 | Page 2 | 32 | 16 | 48 | ||||||
| Page 3 | 8 | 4 | 12 | ||||||||
| Business | $31.00 | Page 4 | 17 | 0 | 17 | ||||||
| Total Hrs.-Business | 41 | Page 5 | 40 | 21 | 61 | ||||||
| Total Cost-Business | $1,271 | ||||||||||
| Total Cost | $4,079 | Total | 117 | 41 | 158 | ||||||
| Annual cost to Fed. Gov't | |||||||||||
| Hours Reviweing & Processing Collection | 320 | ||||||||||
| Average Salary (GS-9-12) OPM 2010 Table | $37.00 | ||||||||||
| Total Cost | $11,840 | ||||||||||
| File Type | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
| File Modified | 0000-00-00 |
| File Created | 0000-00-00 |
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