[Federal Register Volume 89, Number 73 (Monday, April 15, 2024)]
[Notices]
[Pages 26202-26203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07886]


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

SMALL BUSINESS ADMINISTRATION


SBA Form 770 ``Financial Statement of Debtor''

AGENCY: U.S. Small Business Administration

ACTION: 60-Day notice and request for comments.

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

[[Page 26203]]

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) of 1995, 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 June 14, 2024.

ADDRESSES: Email all comments to: Cynthia Smith, Office of Financial 
Program Operations, Small Business Administration, at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Cynthia Smith, Office of Financial 
Program Operations, Small Business Administration, at (703) 467-3620 or 
[email protected], or Adrienne Grierson, Deputy Director Office of 
Financial Program Operations, 202-205-6573, [email protected], 
or Curtis B. Rich, Agency Clearance Officer, 202-205-7030, 
[email protected]. The phone numbers above may also be reached by 
individuals who are deaf or hard of hearing, or who have speech 
disabilities, through the Federal Communications Commission's TTY-Based 
Telecommunications Relay Service teletype service at 711.

SUPPLEMENTARY INFORMATION: This PRA submission is for SBA Form 770 (OMB 
Control No. 3245-0012), Financial Statement of Debtor. The primary 
purpose for collecting this information is to evaluate the debtor's 
financial capacity to repay the debt owed to the Agency and determine 
to what extent the Agency may compromise the debt, maximize recovery, 
and protect the interests of the Agency. Forms are to be completed and 
signed by the obligor and then submitted to the lender or Forms are to 
be completed and signed by the Borrower/Obligor and then submitted to 
the SBA Disaster Loan Servicing Center handling the account.
    SBA is requesting a 3-year extension. NGPC address was updated. 
Servicing center CESC address, fax and email were added. This non-
substantive change will not have a significant impact on the burden. As 
stated in the supporting statement, the certifications and information 
collected remain the same.

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 using 
automated techniques or other forms of information technology; and (iv) 
whether there are ways to enhance the quality, utility, and clarity of 
the information.

Summary of Information Collection

    Title: Financial Statement of Debtor.
    Form Numbers: SBA Form 770.
    OMB Control Number: 3245-0012.
    Description of Respondents: SBA Borrowers.
    Estimated Number of Respondents: 5,000.
    Frequency of Response per Respondent: 1.
    Total Estimated Annual Responses: 5,000.
    Total Estimated Annual Hour Burden: 1 hours per respondent, for a 
total of 5,000 hours.

Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-07886 Filed 4-12-24; 8:45 am]
BILLING CODE 8026-09-P