Notice2021-14395
Reporting and Recordkeeping Requirements Under OMB Review
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 7, 2021
Issuing agencies
Small Business Administration
Abstract
The Small Business Administration (SBA) is seeking approval from the Office of Management and Budget (OMB) for the information collection described below. In accordance with the Paperwork Reduction Act and OMB procedures, SBA is publishing this notice to allow all interested member of the public an additional 30 days to provide comments on the proposed collection of information.
Full Text
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<title>Federal Register, Volume 86 Issue 127 (Wednesday, July 7, 2021)</title>
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[Federal Register Volume 86, Number 127 (Wednesday, July 7, 2021)]
[Notices]
[Page 35864]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-14395]
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SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping Requirements Under OMB Review
AGENCY: Small Business Administration.
ACTION: 30-Day notice.
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SUMMARY: The Small Business Administration (SBA) is seeking approval
from the Office of Management and Budget (OMB) for the information
collection described below. In accordance with the Paperwork Reduction
Act and OMB procedures, SBA is publishing this notice to allow all
interested member of the public an additional 30 days to provide
comments on the proposed collection of information.
DATES: Submit comments on or before August 6, 2021.
ADDRESSES: Written comments and recommendations for this information
collection request should be sent within 30 days of publication of this
notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection request by selecting ``Small Business
Administration''; ``Currently Under Review,'' then select the ``Only
Show ICR for Public Comment'' checkbox. This information collection can
be identified by title and/or OMB Control Number.
FOR FURTHER INFORMATION CONTACT: You may obtain a copy of the
information collection and supporting documents from the Agency
Clearance Office at <a href="/cdn-cgi/l/email-protection#bbf8cec9cfd2c895e9d2d8d3fbc8d9da95dcd4cd"><span class="__cf_email__" data-cfemail="094a7c7b7d607a275b606a61497a6b68276e667f">[email protected]</span></a>; (202) 205-7030, or from
<a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>.
SUPPLEMENTARY INFORMATION: On March 27, 2020, the Coronavirus Aid,
Relief and Economic Security Act (the CARES Act), Public Law 116-136,
was enacted to provide emergency and immediate national economic relief
and assistance across the American economy, including to small
businesses, workers, families, and the health-care system, to alleviate
the severe economic hardships and public health threat created by the
2019 Novel Coronavirus pandemic. Section 1112 of the CARES Act, as set
forth in Public Law 116-136, authorizes SBA to pay, for a 6-month
period, the principal, interest, and associated fees (subsidy debt
relief) to eligible borrowers in the 7(a), 504, and Microloan Programs.
Under Section 325 of the Economic Aid to Hard-Hit Small Businesses,
Nonprofits, and Venues Act (Economic Aid Act), enacted December 27,
2020, Public Law 116-260, Congress amended and extended the Section
1112 subsidy debt relief payments subject to the availability of funds
appropriated by Congress.
The purpose of the Section 1112 Gross Loan Payment Template allows
SBA to accurately make payments to the lender on behalf of the
borrower. Therefore, each SBA participating lender with an eligible
loan(s) must submit a request to SBA for each eligible loan with the
gross monthly payment due including accrued interest and associated
fees due. SBA will reconcile those amounts and transmit the funds
electronically to the lender on behalf of the borrower in accordance
with the provisions set forth in the CARES Act and Economic Aid Act.
Solicitation of Public Comments:
Comments may be submitted on (a) whether the collection of
information is necessary for the agency to properly perform its
functions; (b) whether the burden estimates are accurate; (c) whether
there are ways to minimize the burden, including through the use of
automated techniques or other forms of information technology; and (d)
whether there are ways to enhance the quality, utility, and clarity of
the information.
Title: CARES Act Section 1112 Gross Loan Payment.
Description of Respondents: 7(a), 504, and Microloan Program
Participants.
Estimated Number of Respondents: 2,965.
Estimated Annual Responses: 2,965.
Estimated Annual Hour Burden: 9,142.
Curtis Rich,
Management Analyst.
[FR Doc. 2021-14395 Filed 7-6-21; 8:45 am]
BILLING CODE 8026-03-P
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