Secondary Market for Section 504 First Mortgage Loan Pool Program

Forms and Documents

Document Name	Status
Form SBA Form 2401 Secondary Market for Section 504 First Mortgage Loan Pool Program Form and Instruction	Modified
Secondary Market supporting statement 6-10.docx Supporting Statement A	2010-06-17

IC Document Collections

IC ID	Document Title	Status
190059	Secondary Market for Section 504 First Mortgage Loan Pool Program Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0367	ICR Reference No: 201006-3245-001
Status: Historical Active	Previous ICR Reference No: 200912-3245-003
Agency/Subagency: SBA	Agency Tracking No:
Title: Secondary Market for Section 504 First Mortgage Loan Pool Program
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/18/2010
	Date Received in OIRA: 06/22/2010
Terms of Clearance: Consistent with the two-year timeframe established in the American Recovery and Reinvestment Act (ARRA), OMB approves SBA’s information collection request for the Secondary Market for Section 504 First Mortgage Loan Pool Program through February 2011. Contingent on an extension of this program, SBA should discuss with OMB the program terms and appropriate level of Federal support.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	08/31/2010
Responses	12,490	0	12,490
Time Burden (Hours)	33,075	0	33,075
Cost Burden (Dollars)	0	0	0

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Abstract: These forms captures the terms and conditions of the Small Business Administration's (SBA) new Secondary Market for Section 504 First Mortgage Loan Pool Program. SBA needs this information collection is order to identify program participants, terms of financial transactions involving federal government guaranties, and reporting on program efficiency, including the proper use of Recovery Act funds.

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Authorizing Statute(s): PL: Pub.L. 111 - 5 503 Name of Law: American Recovery and Reinvestment Act of 2009
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3245-AF90	Final or interim final rulemaking	74 FR 56087	10/30/2009

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 21370	04/23/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 24756	05/05/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Secondary Market for Section 504 First Mortgage Loan Pool Program	SBA Form 2401 , SBA Form 2403 , SBA Form 2404, SBA FORM 2402	First Lien Position 504 Loan Pool Guarantee Agreement ,   For U.S. Small Business Administration Pool Certificate for the First Lien position 504 Loan Pools ,   Application for pool of section 504 first mortgage loan interests ,   Application to become a loan pool originator for first mortgage loan pool program

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	12,490	12,490	0	0	0	0
Annual Time Burden (Hours)	33,075	33,075	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Yes

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/22/2010

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