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 2-2011.docx Supporting Statement A	2011-02-25

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: 201102-3245-001
Status: Historical Active	Previous ICR Reference No: 201006-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: Secondary Market for Section 504 First Mortgage Loan Pool Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/21/2011
	Date Received in OIRA: 02/25/2011
Terms of Clearance: SBA should review all information collections to be consistent with the "plain writing" requirements outlined in OMB M-11-15, “Final Guidance on Implementing the Plain Writing Act of 2010”. This review should include making all "Send To" information clear and easy to understand.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2014	09/30/2012	04/30/2011
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): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 55832	09/14/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 8393	02/14/2011
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 2402 , SBA FORM 2404	FIRST LIEN POSITION 504 LOAN POOL GUARANTEE AGREEMENT ,   FORM OF DETACHED ASSIGNMENT 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 INTEREST ,   APPLICATION TO BECOME A LOAN POOL ORIGINATOR FOR FIRST MORTGAGE LOAN POOL (FMLP) 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]? No

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: 02/25/2011

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