[Federal Register Volume 82, Number 101 (Friday, May 26, 2017)]
[Notices]
[Page 24424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-10896]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day notice.

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SUMMARY: The Small Business Administration (SBA) is publishing this 
notice to comply with requirements of the Paperwork Reduction Act, 
which requires agencies to submit proposed reporting and recordkeeping 
requirements to OMB for review and approval, and to publish a notice in 
the Federal Register notifying the public that the agency has made such 
a submission. This notice also allows an additional 30 days for public 
comments.

DATES: Submit comments on or before June 26, 2017.

ADDRESSES: Comments should refer to the information collection by name 
and/or OMB Control Number and should be sent to: Agency Clearance 
Officer, Curtis Rich, Small Business Administration, 409 3rd Street 
SW., 5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, 
(202) 205-7030 [email protected].
    Copies: A copy of the Form OMB 83-1, supporting statement, and 
other documents submitted to OMB for review may be obtained from the 
Agency Clearance Officer.

SUPPLEMENTARY INFORMATION: Section 7(a) of the Small Business Act 
authorizes the Small Business Administration to guaranty loans in each 
of the 7(a) Programs. The regulations at 13 CFR part 120, which cover 
this loan program, require certain information from loan applicants and 
lenders that is used to determine program eligibility and compliance 
with the requirements. The forms identified below are used to collect 
the information outlined in the regulations.
    SBA has made a few changes to the forms, in part to address 
feedback from the 7(a) lenders and others who routinely use the forms. 
These changes are intended to improve usability of the forms and 
generally include: Clarifying questions and instructions for 
responding, providing additional information, such as definitions of 
terms, removing certain questions entirely, or adding them to another 
form where they are more appropriate. Form 1919--Borrower Information 
Form--was of particular concern to users. SBA has reformatted it into 
two distinct sections. One section is to be completed by the small 
business loan applicant, and a separate section completed by each of 
the applicant's associates/principals. The current form's layout 
sometimes resulted in multiple associates or principals unnecessarily 
providing the same information pertaining to the applicant business. 
This change should resolve that confusion.

Solicitation of Public Comments

    SBA is requesting comments on (a) Whether the collection of 
information is necessary for the agency to properly perform its 
functions; (b) whether the burden estimates are accurate; (c) whether 
there are ways to minimize the burden, including through the use of 
automated techniques or other forms of information technology; and (d) 
whether there are ways to enhance the quality, utility, and clarity of 
the information.

Summary of Information Collection

    Title: Borrower Information Form, Lenders Application for Guaranty, 
and 7(a) Loan Post Approval Action Checklist.
    Description of Respondents: 7(a) Program Participants.
    Form Number: SBA Forms 1919, 1920, 1971, 2237, and 2449.
    Total Estimated Annual Responses: 110,000.
    Total Estimated Annual Hour Burden: 27,959.

Curtis B. Rich,
Management Analyst.
[FR Doc. 2017-10896 Filed 5-25-17; 8:45 am]
 BILLING CODE 8025-01-P