Notice2022-05899
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Small Dollar Loan Program
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
March 21, 2022
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995 (PRA), on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Full Text
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<title>Federal Register, Volume 87 Issue 54 (Monday, March 21, 2022)</title>
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[Federal Register Volume 87, Number 54 (Monday, March 21, 2022)]
[Notices]
[Page 16089]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-05899]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Small Dollar Loan Program
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995 (PRA), on or after the date of publication of
this notice. The public is invited to submit comments on these
requests.
DATES: Comments should be received on or before April 20, 2022 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection 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 by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#7b2b293a3b0f091e1a080e0902551c140d"><span class="__cf_email__" data-cfemail="91c1c3d0d1e5e3f4f0e2e4e3e8bff6fee7">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Community Development Financial Institutions Fund (CDFIF)
Title: Small Dollar Loan Program.
OMB Control Number: 1559-0051.
Type of Review: Reinstatement of a previously approved collection.
Description: The Small Dollar Loan Program (SDL Program) is a new
program, authorized by Title XII--Improving Access to Mainstream
Financial Institutions Act of the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (Pub. L. 111-203), which amended The
Community Development Banking and Financial Institutions Act of 1994 to
include the Small Dollar Loan Program (12 U.S.C. 4719). Through the SDL
Program, the CDFI Fund provides grants for loan loss reserves and
technical assistance to enable award recipients to establish and
maintain small dollar loan programs to address the issues of expanding
consumer access to mainstream financial institutions and providing
alternatives to high-cost small dollar loans. The SDL Program is also
intended to enable award recipients to help unbanked and underbanked
populations build credit, access affordable capital, and allow greater
access into the mainstream financial system.
Through the SDL Program, the CDFI Fund will provide:
Grants for Loan Loss Reserves (LLR): The awards will enable a
Certified Community Development Financial Institution (CDFI) to
establish a loan loss reserve fund in order to defray the costs of
establishing or maintaining a small dollar loan program.
Grants for Technical Assistance (TA): The awards will support
technology, staff support, and other eligible activities to enable a
Certified CDFI to establish and maintain a small dollar loan program.
SDL Program Award Recipients are selected through a competitive
process involving a careful review of their Application for program
funding. The Application requires the submission of numeric data and
narrative responses for two parts: Part 1: Business Strategy and
Community Impact and Part 2: Organization Capacity, including Financial
Analysis and Compliance Risk Evaluation. The Award selection process is
described in the Notice of Funds Availability (NOFA) for each funding
round.
This request for public comment relates to the SDL Program
Application Form under OMB control number 1559-0051. Capitalized terms
not defined in this Notice (other than titles) have the meaning set
forth in the fiscal year (FY) 2021 SDL Program NOFA.
Form: None.
Affected Public: Not-for profit institutions; business or other
for-profits.
Estimated Number of Respondents: 50.
Frequency of Response: Once.
Estimated Total Number of Annual Responses: 50.
Estimated Time per Response: 15 hours.
Estimated Total Annual Burden Hours: 750 hours.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-05899 Filed 3-18-22; 8:45 am]
BILLING CODE 4810-70-P
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