Servicing Agent Agreement

ICR 202206-3245-010

OMB: 3245-0193

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2022-06-30
Supplementary Document
2022-06-30
Supporting Statement A
2022-06-30
IC Document Collections
IC ID
Document
Title
Status
35720 Modified
ICR Details
3245-0193 202206-3245-010
Received in OIRA 201905-3245-003
SBA
Servicing Agent Agreement
Extension without change of a currently approved collection   No
Regular 06/30/2022
  Requested Previously Approved
36 Months From Approved 06/30/2022
7,631 5,042
7,631 5,042
251,815 0

The Servicing Agent agreement is executed by the borrower, end where applicable the operating company, certified development company and the loan servicing agent. The agreement is primarily used to certify to SBA use of loan proceeds, appoint a servicing agent, and acknowledge the imposition of various fees allowed in SBA's 504 loan program.

None
None

Not associated with rulemaking

  87 FR 4703 01/28/2022
87 FR 38466 06/28/2022
No

1
IC Title Form No. Form Name
Servicing Agent Agreement SBA Form 1506 Servicing Agent Agreement

  Total Request 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 7,631 5,042 0 2,589 0 0
Annual Time Burden (Hours) 7,631 5,042 0 2,589 0 0
Annual Cost Burden (Dollars) 251,815 0 0 251,815 0 0
Yes
Miscellaneous Actions
No
This submission shows an increase of annual responses as compared to the last submission based on an increase in the overall average during the last three fiscal years, 2019 - 2021. As a result, the total estimated burden hour has also increased.

$112,557
No
    No
    No
No
No
No
No
Mary Frias 202 401-8234 mary.frias@sba.gov

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
06/30/2022


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