[Federal Register Volume 85, Number 225 (Friday, November 20, 2020)]
[Notices]
[Page 74484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25703]


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SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

ACTION: 60-day notice and request for comments.

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SUMMARY: The Small Business Administration (SBA) intends to request 
approval, from the Office of Management and Budget (OMB) for the 
collection of information described below. The Paperwork Reduction Act 
(PRA) requires federal agencies to publish a notice in the Federal 
Register concerning each proposed collection of information before 
submission to OMB, and to allow 60 days for public comment in response 
to the notice. This notice complies with that requirement.

DATES: Submit comments on or before January 19, 2021.

ADDRESSES: Send all comments to Kelly Templeton Financial Analyst, 
Office of Portfolio Management and Office of Financial Program 
Operations, Small Business Administration, 409 3rd Street, 6th Floor, 
Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Kelly Templeton Financial Analyst, 
Office of Portfolio Management and Office of Financial Program 
Operations, [email protected], or Curtis B. Rich, Management 
Analyst, 202-205-7030, [email protected];

SUPPLEMENTARY INFORMATION: SBA has authority under 15 U.S.C. 634(b) and 
31 U.S.C. 3711 to compromise and settle debts owed to the Agency by 
borrowers or guarantors in SBA's loan programs. The financial 
information provided by debtors on SBA Form 770 is a prerequisite to 
such compromise or settlement. SBA uses the information in making a 
determination regarding the repayment and or compromise of the debts 
and other liquidation proceedings, including litigation by the Agency 
and/or the Department of Justice.

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

    OMB Control Number: 3245-0012.
    Title: Financial Statement of Debtor.
    Description of Respondents: Debtors in SBA Loan Program.
    Form Number: SBA Form 770.
    Total Estimated Number of Respondents: 5,000.
    Total Estimated Annual Responses: 5,000.
    Total Estimated Annual Hour Burden: 5,000.

Curtis Rich,
Management Analyst.
[FR Doc. 2020-25703 Filed 11-19-20; 8:45 am]
BILLING CODE 8026-03-P