Secondary Market for Section 504 First Mortgage Loan Pool Program

Forms and Documents

Document Name	Status
Form SBA Form 2402 Secondary Market for Section 504 First Mortgage Loan Pool Program Form and Instruction	Modified
3245-0367 Statutory Authorities_ Secondary Market Guarantee Program for First Lien Position 504 Loan Pools 10-29-2020.docx Supplementary Document	2020-10-29
32450-0367 Regulatory Authority _First Lien Position 504 Loan Pools ICR 10-29-2020.docx Supplementary Document	2020-10-29
3245-0367 Supporting Statement Form 2402 10-29-2020.docx Supporting Statement A	2020-10-29

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: 202010-3245-009
Status: Active	Previous ICR Reference No: 201709-3245-004
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: 12/15/2020
	Date Received in OIRA: 10/29/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved	12/31/2020
Responses	10	0	225
Time Burden (Hours)	15	0	337
Cost Burden (Dollars)	100	0	0

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Abstract: This information is provided by Lenders, Pool Originators and Pool Investors who participate in SBA's Secondary Market Guarantee Program for First Lien Position 504 Loan Pools. SBA uses the information primarily for loan pool monitoring, portfolio risk management, and program administration and reporting purposes. .

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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:
	85 FR 26514	05/04/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 67411	10/22/2020
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 2402	Form of Detached Assignment for U.S.Small Business Administration Pool Certificate for the First Lien Position 504 Loan Pools

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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	10	225	0	-215	0	0
Annual Time Burden (Hours)	15	337	0	-322	0	0
Annual Cost Burden (Dollars)	100	0	0	100	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The decrease in the number of respondents reflects the winding down of the program, which expired in 2012. Since January 1, 2018, there have only been 34 certificate transfers submitted and fulfilled.

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Annual Cost to Federal Government: $125

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 10/29/2020

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