[Federal Register Volume 87, Number 54 (Monday, March 21, 2022)]
[Notices]
[Page 16089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05899]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Small Dollar Loan Program

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995 (PRA), on or after the date of publication of 
this notice. The public is invited to submit comments on these 
requests.

DATES: Comments should be received on or before April 20, 2022 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Community Development Financial Institutions Fund (CDFIF)

    Title: Small Dollar Loan Program.
    OMB Control Number: 1559-0051.
    Type of Review: Reinstatement of a previously approved collection.
    Description: The Small Dollar Loan Program (SDL Program) is a new 
program, authorized by Title XII--Improving Access to Mainstream 
Financial Institutions Act of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 (Pub. L. 111-203), which amended The 
Community Development Banking and Financial Institutions Act of 1994 to 
include the Small Dollar Loan Program (12 U.S.C. 4719). Through the SDL 
Program, the CDFI Fund provides grants for loan loss reserves and 
technical assistance to enable award recipients to establish and 
maintain small dollar loan programs to address the issues of expanding 
consumer access to mainstream financial institutions and providing 
alternatives to high-cost small dollar loans. The SDL Program is also 
intended to enable award recipients to help unbanked and underbanked 
populations build credit, access affordable capital, and allow greater 
access into the mainstream financial system.
    Through the SDL Program, the CDFI Fund will provide:
    Grants for Loan Loss Reserves (LLR): The awards will enable a 
Certified Community Development Financial Institution (CDFI) to 
establish a loan loss reserve fund in order to defray the costs of 
establishing or maintaining a small dollar loan program.
    Grants for Technical Assistance (TA): The awards will support 
technology, staff support, and other eligible activities to enable a 
Certified CDFI to establish and maintain a small dollar loan program.
    SDL Program Award Recipients are selected through a competitive 
process involving a careful review of their Application for program 
funding. The Application requires the submission of numeric data and 
narrative responses for two parts: Part 1: Business Strategy and 
Community Impact and Part 2: Organization Capacity, including Financial 
Analysis and Compliance Risk Evaluation. The Award selection process is 
described in the Notice of Funds Availability (NOFA) for each funding 
round.
    This request for public comment relates to the SDL Program 
Application Form under OMB control number 1559-0051. Capitalized terms 
not defined in this Notice (other than titles) have the meaning set 
forth in the fiscal year (FY) 2021 SDL Program NOFA.
    Form: None.
    Affected Public: Not-for profit institutions; business or other 
for-profits.
    Estimated Number of Respondents: 50.
    Frequency of Response: Once.
    Estimated Total Number of Annual Responses: 50.
    Estimated Time per Response: 15 hours.
    Estimated Total Annual Burden Hours: 750 hours.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-05899 Filed 3-18-22; 8:45 am]
BILLING CODE 4810-70-P