Notice2024-11642
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
May 28, 2024
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 89 Issue 103 (Tuesday, May 28, 2024)</title>
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[Federal Register Volume 89, Number 103 (Tuesday, May 28, 2024)]
[Notices]
[Pages 46250-46251]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-11642]
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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 June 27, 2024.
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#da99afa8aeb3a9f488b3b9b29aa9b8bbf4bdb5ac"><span class="__cf_email__" data-cfemail="a4e7d1d6d0cdd78af6cdc7cce4d7c6c58ac3cbd2">[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: SBA Form 1149, Lenders Transcript of Account
is completed by Lenders when requesting SBA to purchase the guaranty
portion of a loan. At that time, Lenders are required to supply the
Agency with a certified transcript of the loan account. SBA Form 1149
is a uniform and convenient means for lenders to report and certify
loan accounts to purchase by SBA. The Agency uses the information to
determine date of loan default and whether Lender disbursed and
serviced the loan according to Loan Guaranty agreement.
[[Page 46251]]
SBA has determined that the current information does not adequately
meet its needs at the time of guaranty purchase review since the form
does not collect enough details about the type of loan payments.
Accordingly, SBA changed the column titled ``DEFERMENT'' to ``TYPE OF
PAYMENT.''
SBA also plans to revise and clarify the instructions for the Form
1149 to ensure the lenders will be aware of the information to be
reported. Lastly, the Form 1149 may undergo additional formatting
changes to make it easier to address mandatory Federal government 508
accessibility compliance.
This non-substantive change will likely not have a significant
impact on the burden. SBA is requesting a 3-year renewal.
Solicitation of Public Comments:
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.
OMB Control Number: 3245-0132.
Title: Lenders Transcript of Account.
Description of Respondents: SBA Lenders.
SBA Form Number: SBA Form 1149.
Estimated Number of Respondents: 15,000.
Estimated Annual Responses: 15,000.
Estimated Annual Hour Burden: 30,000.
Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-11642 Filed 5-24-24; 8:45 am]
BILLING CODE 8026-09-P
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