Alternative Creditworthiness Assessment

Forms and Documents

Document Name	Status
Form SBA Form 2294 Alternative Creditworthiness Assessment Form and Instruction	Modified
OMB 3245-0359 Supporting Statement for SBA Form 2294 (2016) 12-14-16.docx Supporting Statement A	2016-12-19
3245-0359 2016 omb Circular Creditalternative 11-29-16.docx Supplementary Document	2016-12-12

IC Document Collections

IC ID	Document Title	Status
44535	Alternative Creditworthiness Assessment Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0359	ICR Reference No: 201612-3245-001
Status: Historical Active	Previous ICR Reference No: 201310-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: Alternative Creditworthiness Assessment
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: 01/10/2017
	Date Received in OIRA: 12/19/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	01/31/2017
Responses	20	0	12
Time Burden (Hours)	5	0	2
Cost Burden (Dollars)	0	0	0

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Abstract: Federal agencies are required to evaluate the creditworthiness of an individual before he or she is first issued a travel charge card, if no credit scores is available the agency must conduct an alternative creditworthiness assessment to determine if the individual has a satisfactory credit history. This for will be used to gather the information necessary to make that determination.

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Authorizing Statute(s): PL: Pub.L. 109 - 115 846 Name of Law: Consoildated Appropriations Act
  

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:
	81 FR 38770	06/16/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 81566	12/12/2016
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
Alternative Creditworthiness Assessment	SBA Form 2294	Alternative Credit Worthiness Assessment

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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	20	12	0	8	0	0
Annual Time Burden (Hours)	5	2	0	3	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: Increase is due to more score credit score inquiries.

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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)? No

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: 12/19/2016

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