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SBA RIN: 3245-AH45 Publication ID: Fall 2022 
Title: Business Loan Program Temporary Changes; Paycheck Protection Program--Second Extension of Limited Safe Harbor With Respect to Certification Concerning Need for PPP Loan and Lender Reporting 

On May 8, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule relating to the extension of a safe harbor with respect to a certification required by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act or the Act) in connection with the implementation of a temporary new program, titled the Paycheck Protection Program.  This interim final rule revised the interim final rule posted on May 8, 2020, by extending the date by which certain Paycheck Protection Program (PPP) borrowers may repay their loans from May 14, 2020 to May 18, 2020, in order to avail themselves of a safe harbor with respect to the certification required by the Act, and by extending the timeframe for submission of the initial SBA Form 1502 report for PPP loans.  This interim final rule supplemented SBA’s implementation of the Act.  This rule will be finalized and codified as part of a single consolidated rule.

Agency: Small Business Administration(SBA)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 13 CFR 120   
Legal Authority: Pub. L. 116-136    Pub. L. 116-139   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  05/26/2020  85 FR 31357   
Interim Final Rule Effective  05/26/2020 
Interim Final Rule Comment Period End  06/25/2020 
Final Action  11/00/2023 
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:
Dianna L. Seaborn
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW,
Washington, DC 20416
Phone:202 205-3645