Notice2025-10647
Data Collection Available for Public Comments
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
June 13, 2025
Issuing agencies
Small Business Administration
Abstract
The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) requires Federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.
Full Text
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<title>Federal Register, Volume 90 Issue 113 (Friday, June 13, 2025)</title>
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[Federal Register Volume 90, Number 113 (Friday, June 13, 2025)]
[Notices]
[Pages 25111-25112]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-10647]
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SMALL BUSINESS ADMINISTRATION
Data Collection Available for Public Comments
ACTION: 60-Day notice and request for comments.
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SUMMARY: The Small Business Administration (SBA) intends to request
approval, from the Office of Management and Budget (OMB) for the
collection of information described below. The Paperwork Reduction Act
(PRA) requires Federal agencies to publish a notice in the Federal
Register concerning each proposed collection of information before
submission to OMB, and to allow 60 days for public comment in response
to the notice. This notice complies with that requirement.
DATES: Submit comments on or before August 12, 2025.
ADDRESSES: Send all comments to Bethany Shana at <a href="/cdn-cgi/l/email-protection#bedcdbcad6dfd0c790cdd6dfd0dffecddcdf90d9d1c8"><span class="__cf_email__" data-cfemail="721017061a131c0b5c011a131c13320110135c151d04">[email protected]</span></a>,
202-205-6402, Office of Credit Risk Management, Office of Capital
Access, Small Business Administration.
FOR FURTHER INFORMATION CONTACT: Bethany Shana, <a href="/cdn-cgi/l/email-protection#cfadaabba7aea1b6e1bca7aea1ae8fbcadaee1a8a0b9"><span class="__cf_email__" data-cfemail="b7d5d2c3dfd6d9ce99c4dfd6d9d6f7c4d5d699d0d8c1">[email protected]</span></a>,
202-205-6402 or Alethea Ten Eyck-Sanders, Agency Clearance Officer,
<a href="/cdn-cgi/l/email-protection#51303d34253934307f25343f3428323a7c22303f35342322112233307f363e27"><span class="__cf_email__" data-cfemail="51303d34253934307f25343f3428323a7c22303f35342322112233307f363e27">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: SBA's Office of Credit Risk Management
(OCRM) is responsible for the oversight and supervision of the SBA
operations of over 2800 7(a) Lenders, Certified Development Companies
(``CDCs''), and Microloan Intermediaries (``Intermediaries'') that
participate in SBA's business loan programs and is responsible for
enforcement of the applicable rules and regulations. Currently, the
Agency guarantees more than $110 billion dollars in small business
loans through these programs. The information collection described in
detail below helps OCRM protect the safety and soundness of the
business loan programs and taxpayer dollars.
In general, SBA collects information in connection with reviews for
federally regulated 7(a) Lenders, CDCs, and SBA Supervised Lenders
including Small Business Lending Companies (SBLCs) and Non-Federally
Regulated Lenders (NFRLs).
7(a) Lender Diagnostic, Limited Scope, Limited Scope (Targeted)
Reviews; CDC SMART Reviews; and Supervised Lender Safety and Soundness
Exams
Common Information Collected
In general, SBA requests information related to the 7(a) Lender's
or CDC's management and operation, eligibility of its SBA loans for SBA
guaranty, compliance with SBA Loan Program Requirements, credit
administration, and performance of its SBA loan portfolio.
Management and Operations: The information requested generally
includes the SBA program organization chart with responsibilities,
business plan, financial and program audits, evidence of Lender
compliance with regulatory orders and agreements (if applicable and as
appropriate), and staff training on SBA lending.
Eligibility and Credit Administration: In reviewing these areas,
SBA may request the Lender's or CDC's credit policies and procedures;
servicing policies and procedures; loan sample files; independent loan
reviews; underwriting, loan credit scoring, risk rating methodologies;
and information on loans approved as exceptions to policy.
Compliance with Loan Program Requirements: Here, SBA generally
collects information on services and fees charged for Lenders' third-
party vendors,\1\ Lender's FTA \2\ trust account, and Lender's use of
the System for Awards Management to perform agent due diligence. For
CDCs, SBA collects additional information related to Loan Program
Requirements as described below in section I.C.
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\1\ For purposes of this notice, Third-party vendors include,
for example, Loan Agents (e.g., Packagers and Lender Service
Providers) and Professional Managers with management contracts.
\2\ FTA refers to SBA's Fiscal and Transfer Agent. 7(a) Lenders
that sell SBA loans in the Secondary Market are required by the
terms of the Form 1086, Secondary Participation Guaranty Agreement,
to deposit the guaranteed portion of loan payments in a segregated
account for the benefit of investors.
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Portfolio Performance: In considering Lender or CDC portfolio
performance, SBA may request that lenders provide a listing of loans
indicating those past due, those with servicing actions, individual
risk ratings, and those in liquidation or purchased for SBA to compare
with SBA data. SBA may also request that lenders provide an explanation
for risks identified (e.g., identified by higher risk metrics or PARRiS
flags triggered).
Further details on the information SBA collects in reviews, and
Safety and Soundness Exams is contained in the SBA Supervised Lender
Safety and Soundness Examination/Full Review Information Request; 7(a)
Lender Diagnostic Review Request; 7(a) Lender Limited Scope Review
Request; 7(a) Lender Limited Scope (Targeted) Review Request; CDC SMART
Targeted Review Information Request; and CDC SMART Full Review
Information Request. Each Information Request document is available
upon request.
[[Page 25112]]
SBA Supervised Lender Supplemental Information for Safety and Soundness
Exams
CDC Supplemental Information
SBA is also the primary Federal regulator for CDCs and guarantees
100% of 504 program debentures. Therefore, SBA requests additional
information to prudently oversee CDCs, as it does for SBA Supervised
Lenders. The additional information generally requested includes
corporate governance documents and information on Lenders' financial
condition, internal controls and risk mitigation practices, and a CDC's
plan for investment in other local economic development. In addition,
SBA requests, as applicable, information on a CDC's Premier Certified
Lenders Program (PCLP) Loan Loss Reserve Account and loans that CDC
packages for other 7(a) lenders. Interested parties may request a copy
of the CDC SMART Reviews, SMART Targeted Review Information Request,
and CDC SMART Full Review Information Request for more details on this
supplemental information request.
Microloan Intermediary Reviews
For Microloan Program Intermediary oversight, SBA District Offices
perform an annual site visit for active Intermediaries. SBA requests
information, for example, on SBA program management and operations
including organizational chart with responsibilities, contact
information, Promissory notes, and credit policies and procedures. SBA
primarily reviews the Intermediary's credit administration through a
loan sample file request. Specifics on the information collected are
contained in SBA's Microloan Intermediary Site Visit/Review Information
Request document, a copy of which is available upon request.
Solicitation of Public Comments
SBA is requesting comments 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.
Summary of Information Collection
PRA Number: OMB Control Number 3245-0365.
(1) Title: SBA Lender and Microloan Intermediary Reporting
Requirements.
Description of Respondents: 7(a) Lenders (including SBA Supervised
Lenders), Certified Development Companies, and Microloan
Intermediaries.
Total Estimated Annual Responses: 2,083.
Total Estimated Annual Hour Burden: 17,279.
Alethea Ten Eyck-Sanders,
Agency Clearance Officer.
[FR Doc. 2025-10647 Filed 6-12-25; 8:45 am]
BILLING CODE 8026-09-P
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