[Federal Register Volume 85, Number 189 (Tuesday, September 29, 2020)]
[Notices]
[Page 61077]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21445]


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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 seeking approval 
from the Office of Management and Budget (OMB) for the information 
collection described below. In accordance with the Paperwork Reduction 
Act and OMB procedures, SBA is publishing this notice to allow all 
interested member of the public an additional 30 days to provide 
comments on the proposed collection of information.

DATES: Submit comments on or before October 29, 2020.

ADDRESSES: Comments should refer to the information collection by title 
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].

SUPPLEMENTARY INFORMATION: 
    Copies: You may obtain a copy of the information collection and 
supporting documents from the Agency Clearance Officer.
    The SBA secondary market is an evolving 36.9 billion dollar market 
designed to facilitate the availability of capital to lenders serving 
the small business community. Pursuant to section 5(h)(1)(C) of the 
Small Business Act, 15 U.S.C. 634(h)(1)(C), when a secondary market 
loan is transferred from one investor to another, the sellers of the 
loan or pool certificate must disclose to certain information to the 
buyer. This information includes a constant annual prepayment rate 
based on the seller's analysis pf prepayment histories of SBA 
guaranteed loans with similar maturities, and also information 
regarding the terms, conditions and yield of the transferred security.
    Title: Form of Detached Assignment for U.S. Small Business 
Administration Loan Pool or Guaranteed Interest Certificate.
    OMB Control Number: 3245-0212.
    Description of Respondents: Secondary Market Lenders.
    Estimated Annual Responses: 7,500.
    Estimated Annual Hour Burden: 11,250.

Curtis Rich,
Management Analyst.
[FR Doc. 2020-21445 Filed 9-28-20; 8:45 am]
BILLING CODE 8026-03-P