[Federal Register Volume 86, Number 65 (Wednesday, April 7, 2021)]
[Notices]
[Pages 18109-18110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07096]


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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'') will submit the 
following information to the Office of Management and Budget (``OMB'') 
for review and clearance in accordance with the Paperwork Reduction Act 
(``PRA''). We invite the general public and other Federal agencies to 
comment on the proposed and continuing information collections, which 
aids in assessing the impact of information collection requirements and 
minimizes the public's reporting burden. This notice allows for a 60-
day public comment period.

DATES: Submit comments on or before June 7, 2021.

ADDRESSES: Send all comments to Gregorius Suryadi, Financial and Loan 
Specialist, Office of Financial Assistance, [email protected], 
Small Business Administration,

FOR FURTHER INFORMATION CONTACT: Gregorius Suryadi, Financial and Loan 
Specialist, Office of Financial Assistance, 202-205-6656, 
[email protected], or Curtis B. Rich, Management Analyst, 
(202) 205-7030, [email protected].

SUPPLEMENTARY INFORMATION: On March 27, 2020, the Coronavirus Aid, 
Relief and Economic Security Act (the CARES Act), Public Law 116-136, 
was enacted to provide emergency and immediate national economic relief 
and assistance across the American economy, including to small 
businesses, workers, families, and the health-care system, to alleviate 
the severe economic hardships and public health threat created by the 
2019 Novel Coronavirus pandemic. Section 1112 of the CARES Act, as set 
forth in Public Law 116-136, authorizes SBA to pay, for a 6-month 
period, the principal, interest, and associated fees (subsidy debt 
relief) to eligible borrowers in the 7(a), 504, and Microloan Programs. 
Under Section 325 of the Economic Aid to Hard-Hit Small Businesses, 
Nonprofits, and Venues Act (Economic Aid Act), enacted December 27, 
2020, Public Law 116-260, Congress amended and extended the Section 
1112 subsidy debt relief payments subject to the availability of funds 
appropriated by Congress.
    The purpose of the Section 1112 Gross Loan Payment Template allows 
SBA to accurately make payments to the lender on behalf of the 
borrower.

[[Page 18110]]

Therefore, each SBA participating lender with an eligible loan(s) must 
submit a request to SBA for each eligible loan with the gross monthly 
payment due including accrued interest and associated fees due. SBA 
will reconcile those amounts and transmit the funds electronically to 
the lender on behalf of the borrower in accordance with the provisions 
set forth in the CARES Act and Economic Aid Act.

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 Proposed Information Collection

    OMB Control Number: 3245-0414.
    Title: CARES Act Section 1112 Gross Loan Payment.
    Description of Respondents: 7(a), 504, and Microloan Program 
Participants.
    Total Estimated Annual Reponses: 48,000.
    Total Estimated Annual Hour Burden: 12,000.

Curtis Rich,
Management Analyst.
[FR Doc. 2021-07096 Filed 4-6-21; 8:45 am]
BILLING CODE 8026-03-P