View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

SBA RIN: 3245-AF99 Publication ID: Spring 2011 
Title: Implementation of Small Business Disaster Response and Loan Improvement Act of 2008: Private Loan Disaster Program 
Abstract: This proposed rule would establish and implement a private disaster loan program under which SBA will guarantee loans made by qualified lenders to eligible small businesses and homeowners located in a catastrophic disaster area. Private disaster loans made under this programs will have the same terms and conditions as SBA's direct disaster loans. In addition, SBA will guarantee timely payment of principal and interest to the lender. SBA may guarantee up to 85 percent of any loan under this program and the maximum loan amount is $2 million. 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 123   
Legal Authority: 15 USC 636   
Legal Deadline:
Action Source Description Date
NPRM  Statutory  1 year after the date of enactment of the Small Business Disaster Response and Loan Improvement Act of 2008.  nulldate 
Timetable:
Action Date FR Cite
NPRM  01/00/2012    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Grady Hedgespeth
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-7562
Fax:202 481-0248
Email: grady.hedgespeth@sba.gov