7(a) and 504 Liquidation and Litigation Procedures

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
7A504 Regulations.pdf	Supplementary Document	Uploaded 2008-02-05	Repair queued
7a 504 Supporting Statement.doc	Supporting Statement A	Uploaded 2008-02-05	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
183701	7(a) and 504 Liquidation and Litigation Procedures		New

ICR Details

OMB Control No:	ICR Reference No: 200802-3245-002
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: SBA	Agency Tracking No:
Title: 7(a) and 504 Liquidation and Litigation Procedures
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Improperly submitted	Conclusion Date: 06/03/2008
	Date Received in OIRA: 02/05/2008
Terms of Clearance: The agency must complete the requirement public comment processes.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: SBA will collect this information from Certified Development Companies (CDCs) and certain 7(a) lenders to determine CDCs eligibility to liquidate and litigate loans and to assess the risks and costs of liquidation and litigation actions proposed by CDCs and 7(a) lenders.

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Authorizing Statute(s): US Code: 15 USC Small Business Investment Act Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3245-AE83	Final or interim final rulemaking	72 FR 18349	04/12/2007

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
7(a) and 504 Liquidation and Litigation Procedures

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: New Information Collection

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 02/05/2008

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