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SBA RIN: 3245-AG78 Publication ID: Fall 2016 
Title: Disaster Assistance Loan Program; Disaster Loan Mitigation, Contractor Malfeasance and Secured Threshold 
Abstract:

The SBA is revising its Disaster Loan Program Regulations in response to the following legislative changes made in the RISE Act: (1) Section 1102 expands the definition of mitigating measures to now include the construction of a safe room or similar storm shelter designed to protect property and occupants; (2) section 2012 authorizes a change in the secured loan level from $14,000 to $25,000 for declarations that are other than major; and (3) section 2107 of the RISE Act provides for an increase in loan eligibility when contractor malfeasance has been identified. The rule also includes minor technical corrections.

 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 123   
Legal Authority: 15 U.S.C. 636(b)(1)(A)(iii)    15 U.S.C. 636(b)(13)    15 U.S.C. 636(d)(6)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/06/2016  81 FR 19934   
NPRM Comment Period End  06/06/2016 
Final Rule  10/03/2016  81 FR 67901   
Final Rule Effective  10/03/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jerome Edwards
Director, Program Policy & Evaluation, Office of Disaster Assistance
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-7753
Email: jerome.edwards@sba.gov