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SBA

RIN: 3245-AG98

Publication ID: Fall 2018

Title: Streamlining and Modernizing the 7(a), Microloan, and 504 Loan Programs to Reduce Unnecessary Regulatory Burden
Abstract: SBA is proposing to streamline the regulations in part 120 of chapter 13 of the Code of Federal Regulations that apply to the 7(a), Microloan, and 504 Loan Programs by eliminating the provisions that are obsolete, ineffective or unnecessary. The proposed changes include removing regulations related to programs that are either no longer in effect or have not been funded for many years, such as America’s Recovery Capital Loan Program, direct loans, or a veteran’s loan program; and clarifying the factors that SBA will consider when seeking the appointment of a receiver and the scope of the receivership with respect to Certified Development Companies, Small Business Lending Companies, and Non-Federally Regulated Lenders.
Agency: Small Business Administration(SBA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
EO 13771 Designation: Other
CFR Citation: 13 CFR 120
Legal Authority: 15 U.S.C. 636(a) 15 U.S.C. 636(m) 15 U.S.C. 695 et seq.

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	11/00/2018

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: Linda Reilly Chief, 504 Loan Program Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 604-5032 Email: linda.reilly@sba.gov