View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3245-0071
ICR Reference No:
201402-3245-002
Status:
Historical Inactive
Previous ICR Reference No:
201312-3245-003
Agency/Subagency:
SBA
Agency Tracking No:
Title:
U.S. Small Business Administration Application for Section 504 Loan
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Comment filed on proposed rule and continue
Conclusion Date:
02/10/2014
Retrieve Notice of Action (NOA)
Date Received in OIRA:
02/07/2014
Terms of Clearance:
The amendments to this information collection reflect changes that SBA recently made to its Standard Operating Procedures governing the 7(a) and 504 loan programs and which became effective January 1, 2014. Potentially, additional changes to these same forms will be necessary when the Agency issues its final rule also governing the 7(a) and 504 loan programs (RIN 3245-0348).
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2014
6 Months From Approved
08/31/2014
Responses
7,000
0
7,000
Time Burden (Hours)
18,480
0
18,480
Cost Burden (Dollars)
0
0
0
Abstract:
SBA regulations require that we determine that a participating Certified Development Company's No-Bank Lender Institution's or Microlender's management, ownership, etc. is of good character. To do so requires the information requested on the Form 1081. This form also provides data used to determine the qualifications and capabilities of the lenders key personnel.
Authorizing Statute(s):
US Code:
15 USC $$636(a) (6) and 687(f)
Name of Law: CDC
Citations for New Statutory Requirements:
US Code: 15 USC 695 Name of Law: 504 and 7(a) Loan Program
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3245-AG04
Proposed rulemaking
78 FR 12633
02/25/2013
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
U.S. Small Business Administration Application for Section 504 Loan
1244 Checklist , SBA FORM 1244
Application for Section 504 Loan
,
504 Eligibility Checklist
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Due to Regulations change to the lenders.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
Yes
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Eric Wall 202 616-1825 eric.wall@sba.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
02/07/2014
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