[Federal Register Volume 86, Number 122 (Tuesday, June 29, 2021)]
[Notices]
[Pages 34299-34300]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-13810]


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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 collection of information before submission to 
OMB and to allow 60 days for public comment in response to the notice. 
This information collection is currently approved under emergency 
procedures, which included waiver of notice. This publication complies 
with the PRA requirement to publish that previously waived notice.

DATES: Submit comments on or before August 30, 2021.

ADDRESSES: Send all comments related to this Federal Register Notice 
electronically to [email protected] with the 
Subject Line: ``SBA Form 3512 Comments.''

FOR FURTHER INFORMATION CONTACT: Mary Frias, Loan Specialist, at 
[email protected]; 202-401-8234, or Curtis B. Rich, Management 
Analyst, 202-205-7030; [email protected];

SUPPLEMENTARY INFORMATION: Section 1102 of the Coronavirus Aid, Relief, 
and Economic Security (CARES) Act, Public Law 116-136, authorizes SBA 
to guarantee loans made by banks or other financial institutions under 
a new temporary 7(a) program titled the ``Paycheck Protection Program'' 
(``PPP'') to small businesses, certain non-profit organizations, 
veterans' organizations, Tribal business concerns, independent 
contractors and self-employed individuals adversely impacted by the 
Coronavirus Disease (COVID-19) Emergency. This authority initially 
expired on August 8, 2020. The Economic Aid to Hard-Hit Small 
Businesses, Nonprofits, and Venues Act (Economic Aid Act), Public Law 
116-260, renewed SBA's authority to make PPP loans until March 31, 
2021, and added authority for second draw PPP loans under Sec.  
7(a)(37) of the Small Business Act. The program authority was further 
extended until June 30, 2021, by the PPP Extension Act of 2021, Public 
Law 117-6.
    Any lender that has made PPP loans can use this information 
collection (SBA Form 3512) to request (1) reinstatement of a PPP loan 
that was cancelled in SBA's ETRAN system due to the lender's data input 
error, and/or (2) correction of the lender's data input error in the 
SBA Loan Approval Amount of a PPP loan on ETRAN or the Paycheck 
Protection Platform, subject to availability of funds. The form 
contains examples of the types of lender requests for reinstatement or 
correction that can be submitted on the form. SBA will rely

[[Page 34300]]

on the information submitted on this form to evaluate the lender's 
request
    Due to the urgent need to make Form 3512 available to the PPP 
Lenders, SBA obtained emergency approval from OMB on December 9, 2020, 
to collect the information. SBA has made the following non-substantive 
revisions to the currently approved form, which will be submitted to 
OMB for review and approval:
     Revised the form in light of the new 2021 origination 
process for PPP loans, where loans are processed through SBA's Paycheck 
Protection Platform, rather than directly through SBA's ETRAN system.
     Clarified that corrections and reinstatements are subject 
to availability of funds.
     Deleted the sentence that states that SBA's program 
authority for PPP expired on August 8, 2020. That sentence referred to 
the expiration date of the 2020 program authority.
     Clarified that an Individual Taxpayer Identification 
Number (ITIN) is an acceptable Taxpayer Identification Number for the 
Borrower.
    (a) Solicitation of Public Comments:
    SBA is requesting comments on (i) Whether the collection of 
information is necessary for the agency to properly perform its 
functions; (ii) whether the burden estimates are accurate; (iii) 
whether there are ways to minimize the burden, including through the 
use of automated techniques or other forms of information technology; 
and (iv) whether there are ways to enhance the quality, utility, and 
clarity of the information.
    (b) Summary of Proposed Information Collection:
    Title: Lender Certification for Reinstatement or Correction of 
Paycheck Protection Program (PPP) Loan.
    Form Number: SBA Form 3512.
    OMB Control Number: 3245-0415.
    Description of respondents: Lenders that participate in SBA's 
Paycheck Protection.
    Estimated number of respondents: 1, 350.
    Estimated time per response: 30 minutes.
    Total estimated annual responses: 4,000.
    Total Estimated Annual Hour Burden: 2,000 hours.

Curtis Rich,
Management Analyst.
[FR Doc. 2021-13810 Filed 6-28-21; 8:45 am]
BILLING CODE 8026-03-P