Spreadsheet

ARRA_4279_and_4287_revised 1-7-2010.xls

Business and Industry Guaranteed Loan Program - American Recovery and Reinvestment Act Funding

Spreadsheet

OMB: 0570-0060

Document [xlsx]
Download: xlsx | pdf

REPORTING REQUIREMENTS - NO FORMS





Form
Estimated
Reports
Total
Est'd # of
Estimated


Cost to

Section of
Title
Number
Number of
Filed
Annual
Man-hours
Total
Wage
the

Regulations


(if any)
Respondents
Annually
Responses
per response
Man-hours
Class
Public

PROCESSING - No Forms


















4279.113(y)
Financing housing
Written
4
on
4
5.0
20.0
$65
$1,300



development sites




occasion










4279.119
Loan guarantee limits
Letter
15
on
15
0.5
7.5
$65
$488

(a)(2)






occasion










4279.125(b)
Interest rate change
Letter
15
on
15
0.5
7.5
$65
$488









occasion










4279.131(a-f)
Credit quality analysis
Written
350
on
350
2.5
875.0
$65
$56,875

4279.161(b)(8)






occasion










4279.137
Financial statements
Written
350
on
350
1.75
612.5
$65
$39,813









occasion










4279.143(a)
Hazard insurance
Assignment
30
on
30
1.5
45.0
$65
$2,925









occasion










4279.143(b-c)
Life insurance
Assignment
150
on
150
1.5
225.0
$65
$14,625









occasion










4279.143(d-e)
Flood and other
Assignment
25
on
25
1.5
37.5
$65
$2,438



insurance




occasion










4279.144 &
Appraisal reports
Written
70
on
70
8.0
560.0
$65
$36,400

4279.161(b)(6)


report


occasion










4279.150 &
Feasibility studies
Written
125
on
125
24.0
3,000.0
$65
$195,000

4279.161(b)(13)


report


occasion










4279.155
Loan priorities
Written
350
on
350
0.2
70.0
$65
$4,550









occasion










4279.156
Planning and performing
Written
-
on
-
4.0
-
$65
$-



development
reports


occasion










4279.161(a)
Preapplication
Letter & written
70
on
70
2.0
140.0
$65
$9,100

(1)(3-4)
requirements
evidence


occasion










4279.161(b) & (c)
Application
Document &
350
on
350
3.5
1,225.0
$65
$79,625


requirements
other evidence


occasion






























REPORTING REQUIREMENTS - NO FORMS (Cont'd)





Form
Estimated
Reports
Total
Est'd # of
Estimated


Cost to

Section of
Title
Number
Number of
Filed
Annual
Man-hours
Total
Wage
the

Regulations


(if any)
Respondents
Annually
Responses
per response
Man-hours
Class
Public

4279.174(a-b)
Transfer of lender
Letter &
3
on
3
1.0
3.0
$65
$195





evidence


occasion










4279.180
Changes in borrower
Letter &
2
on
2
1.0
2.0
$65
$130





evidence


occasion










4279.181(a-n)
Conditions precedent to
Written
500
on
500
2.0
1,000.0
$65
$65,000



issuance of guarantee




occasion










4279.186
Issuance of Loan Note
Document
500
on
500
1.0
500.0
$65
$32,500



Guarantee




occasion










4279.187
Refusal to execute Loan
Letter/written
2
on
2
3.0
6.0
$65
$390



Note Guarantee
evidence


occasion










ARRA Specific
Work Opportunity
Certfication














Requirements
Tax Credit Program


30


30
0.25
7.5
$65
$488

ARRA Specific
Health care package
Certification














Requirements




30


30
0.33
9.9
$65
$644

Processing No Forms Subtotal








2,971


8,353


$542,971





















SERVICING - No Forms

4287.107(b)
Loan classification
written
600
1
600
0.5
300
$65
$19,500





















4287.107(c)
Agency and lender
written
300
1
300
1.5
450
$65
$29,250



conference
















4287.107(d)
Financial Reports
written
100
4
400
0.5
200
$65
$13,000



and analysis - quarterly
















4287.107(d)
Financial Reports
written
650
1
650
2.0
1,300
$65
$84,500



and analysis - annually
















4287.107(f)
Borrower visits
visit
300
1
300
2.0
600
$65
$39,000





















4287.112
Interest rate adjustment
written
5
1
5
0.5
3
$65
$163





















4287.113
Release of collateral
written
2
1
2
2.0
4
$65
$260





















4287.123
Subordination of lien
written
5
1
5
2.0
10
$65
$650



position
















4287.134(a)(g)
Transfer and
written
-
1
-
3.5
-
$65
$-



assumption
















4287.134(a)
Credit reports
written
2
1
2
0.5
1
$65
$65





















4287.134(c)
Appraisal reports
written
2
1
2
1.0
2
$65
$130





















REPORTING REQUIREMENTS - NO FORMS (Cont'd)





Form
Estimated
Reports
Total
Est'd # of
Estimated


Cost to

Section of
Title
Number
Number of
Filed
Annual
Man-hours
Total
Wage
the

Regulations


(if any)
Respondents
Annually
Responses
per response
Man-hours
Class
Public

4287.135
Substitution of lender
written
2
1
2
1.0
2
$65
$130





















4287.156
Protective advances
written
2
1
2
1.0
2
$65
$130





















4287.157(c)
Liquidation plan
written
2
1
2
6.0
12
$65
$780





document














4287.157(f) Acceleration
written
2
1
2
0.5
1
$65
$65





















4287.157(h)
Accounting and reports
written report
2
4
8
0.5
4
$65
$260





















4287.180
Termination of
written
10
1
10
0.5
5
$65
$325



guarantee
















Servicing No Forms Subtotal








2,292


2,896


$188,208





















REPORTING REQUIREMENTS - FORMS

PROCESSING - Forms


















4279.161(b)(2)
Application for Loan
RBS Only
200
on
200
4.0
800.0
$65
$52,000

Form 4279-1
Guarantee (B&I)




occasion










4279.161(c)
Application for Loan
RBS Only
150
on
150
3.0
450.0
$65
$29,250

Form 4279-1A
Guarantee (B&I One-Doc)




occasion










4279.161(a)(2)
Certification of Non-
RBS Only
30
on
30
2.0
60.0
$65
$3,900



Relocation & Market




occasion










Form 4279-2
Capacity Report
















4279.173
Conditional
RBS #
550


550
1.5
825.0
$65
$53,625

3575.53
Commitment
RHS #


on
-


-


$-

Form 4279-3


RUS #


occasion
-


-


$-

4279.186(a)
Lenders Agreement
RBS #
350


350
2.0
700.0
$65
$45,500

3575.4


RHS #


on
-


-


$-

Form 4279-4


RUS #


occasion
-


-


$-

4279.149(a)
Unconditional Guarantee
RBS Only


on










Form 4279-14




450
occasion
500
0.5
250.0
$65
$16,250

Processing Forms Subtotal








1,780


3,085


$200,525





















SERVICING - Forms

4279.75(a)
Assignment Guarantee
RBS #
500


600
0.5
300.0
$65
$19,500

3575.64
Agreement
RHS #


on
-


-


$-

Form 4279-6


RUS #


occasion
-


-


$-

4287.107(a)
Guaranteed Loan Status
Form 1980-41
700
2
1,400
0.33
462
$65
$30,030



Report
















4287.145(a)
Guaranteed Loan
Form 1980-44
60
6
360
0.33
119
$65
$7,722



Delinquent Status Borrower
















ARRA NOFA
ARRA Reporting
on-line report
700
1
700
1.0
700
$65
$45,500



Requirements
















Servicing Forms Subtotal








3,060


1,581


$102,752





















Total Processing (no forms plus forms)








4,751


11,438


$743,496

Total Servicing (no forms plus forms)








5,352


4,476


$290,960

TOTAL DOCKET






10,103


15,915


1,034,456





















RECORDKEEPING REQUIREMENTS

All recordkeeping requirements are reported in 4287.107(d) -- (0570-0016)






































REPORTING REQUIREMENTS - FORMS APPROVED UNDER OTHER NUMBERS





Form
Estimated
Reports
Total
Est'd # of
Estimated


Cost to

Section of
Title
Number
Number of
Filed
Annual
Man-hours
Total
Wage
the

Regulations


(if any)
Respondents
Annually
Responses
per response
Man-hours
Class
Public
4279.161(b)(3)
Request for
1940-20
250
1
250
6.0
1,500.0






Environmental Review
(0575-0094)














4279.186(a)(3)
Guaranteed Loan
1980-19
600
1
600
1.0
600.0






Closing Report
(0570-0137)














4287.157(i)
Lender's Guaranteed Loan Payment to USDA
Form 1980-43
600
12
7,200
0.50
3,600.0







(0575-0137)














4287.158(c)
Loan Note Guarantee
Form 449-30
100
1
100
25.0
2,500.0






Report of Loss
(0575-0137)
























































Cost to the Federal Government










Activity
Number
# of Hours
Rate
TOTAL










Processing










Review preapplication
70
6
$35
$14,700










material, DOL


















Review application &
350
20
$35
$245,000










lender analysis; site


















visit, negotiations, &


















env. assessment


















Approve loan and
420
8
$35
$117,600










obligate funds


















Processing Subtotal






$377,300






























Servicing










Review documents and
600
6
$35
$126,000










issue guarantee


















National Office Reviews
600
1
$40
$24,000










Financial Statement
750
3.0
$35.00
$78,750










Review


















Liquidation Plan
2
3.0
$35.00
$210






























Borrower / lender visits
300
3.0
$35.00
$31,500






























Release of Collateral
2
2.0
$35.00
$140






























Subordination of
5
2.0
$35.00
$350










Collateral


















Servicing Subtotal






$260,950










Servicing 3-year average






$86,983


















































The reviews are typically completed by GS-11 & 12 State Loan Specialists and GS-13


















State Program Directors. The loans are typically approved by the State Director.


















The GS-8 or 9 State Loan Technician typically does the data entry in the computer system.















File Typeapplication/vnd.ms-excel
AuthorRDA
Last Modified Byjeanne.jacobs
File Modified2010-01-07
File Created2002-10-30

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