7 CFR 4279-B, Guaranteed Loanmaking - Business and Industry Loans"

burdenspreadsheet4279B verision 2.xls

7 CFR 4279-B, Guaranteed Loanmaking - Business and Industry Loans

7 CFR 4279-B, Guaranteed Loanmaking - Business and Industry Loans"

OMB: 0570-0017

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Overview

Sheet1
Cost to the Federal Government

Sheet 1: Sheet1

REPORTING REQUIREMENTS - NO FORMS
CHANGES IN BURDEN





Form
Estimated
Estimated
Reports
Total
Est'd # of
Estimated


Cost to












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


Previous
New


Type of

Regulations


(if any)
Respondents
Respondents
Annually
Responses
per response
Man-hours
Class
Public
Regulations
Title
Burden
Burden
Difference
Change

4279.113(y)
Financing housing
Written
-
6
on
6
5.0
30.0
$74
$2,220
4279.113(y)
Financing housing
30.0
30.0
-



development sites






occasion












development sites








4279.119
Loan guarantee limits
Letter
5
-
on
5
0.5
2.5
$74
$185
4279.119
Loan guarantee limits
12.0
2.5
(9.5)

(a)(2)








occasion










(a)(2)









4279.125(b)
Interest rate change
Letter
20
-
on
20
0.5
10.0
$74
$740
4279.125(b)
Interest rate change
10.0
10.0
-











occasion





















4279.131(a-f)
Credit quality analysis
Written
600
-
on
600
2.5
1,500.0
$74
$111,000
4279.131(a-f)
Credit quality analysis
2,000.0
1,500.0
(500.0)

4279.161(b)(8)








occasion










4279.161(b)(8)










4279.137
Financial statements
Written
25
-
on
25
0.20
5.0
$74
$370
4279.137
Financial statements
150.0
5.0
(145.0)











occasion





















4279.143(a)
Hazard insurance
Assignment
-
25
on
25
1.5
37.5
$74
$2,775
4279.143(a)
Hazard insurance
75.0
37.5
(37.5)











occasion





















4279.143(b-c)
Life insurance
Assignment
-
100
on
100
1.5
150.0
$74
$11,100
4279.143(b-c)
Life insurance
300.0
150.0
(150.0)











occasion





















4279.143(d-e)
Flood and other
Assignment
-
25
on
25
1.5
37.5
$74
$2,775
4279.143(d-e)
Flood and other
75.0
37.5
(37.5)



insurance






occasion












insurance







4279.144 &
Appraisal reports
Written
-
50
on
50
2.0
100.0
$74
$7,400
4279.144 &
Appraisal reports
800.0
100.0
(700.0)

4279.161(b)(6)


report




occasion










4279.161(b)(6)









4279.150 &
Feasibility studies
Written
-
180
on
180
24.0
4,320.0
$74
$319,680
4279.149(a-b)
Personal and corporate
200.0
-
(200.0)


4279.161(b)(13)


report




occasion










Guarantees
Guarantees




-


4279.156
Planning and performing
Written
200
-
on
200
4.0
800.0
$74
$59,200
4279.150 &
Feasibility studies
4,320.0
4,320.0
-



development
reports




occasion










4279.161(b)(13)







4279.161(a)
Preapplication
Letter & written
50
50
on
100
2.0
200.0
$74
$14,800
4279.155
Loan Priorities
150.0
-
(150.0)


(1)(3-4)
requirements
evidence




occasion






















4279.161(b) & (c)
Application
Document &
300
300
on
600
3.5
2,100.0
$74
$155,400
4279.156
Planning and performing
800.0
800.0
-


requirements
other evidence




occasion














-



























4279.161(a)
Preapplication
200.0
200.0
-























(1)(3-4)
Requirements






























4279.161(b) & (c)
Application
2,800
2,100.0
(700.0)

























Requirements








































































































































































































CHANGES IN BURDEN (Cont'd)












































REPORTING REQUIREMENTS - NO FORMS (Cont'd)
Section of


Previous
New


Type of





Form
Estimated
Estimated
Reports
Total
Est'd # of
Estimated


Cost to
Regulations
Title
Burden
Burden
Difference
Change

Section of
Title
Number
Lender
Borrower
Filed
Annual
Man-hours
Total
Wage
the
4279.174(a-b)
Transfer of lender
20.0
20.0
-


Regulations


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












4279.174(a-b)
Transfer of lender
Letter &
20
-
on
20
1.0
20.0
$74
$1,480
4279.18
Changes in borrower
4.0
4.0
-





evidence




occasion





















4279.180
Changes in borrower
Letter &
4
-
on
4
1.0
4.0
$74
$296
4279.181(a-n)
Conditions precedent to
1,500.0
1,100.0
(400.00)





evidence




occasion












issuance of guarantee








4279.181(a-n)
Conditions precedent to
Written
550
-
on
550
2.0
1,100.0
$74
$81,400
4279.186
Issuance of Loan Note
750.0
550.0
(200.00)



issuance of guarantee






occasion












Guarantee








4279.186
Issuance of Loan Note
Document
550
-
on
550
1.0
550.0
$74
$40,700
4279.187
Refusal to execute Loan
30.0
30.0
-




Guarantee






occasion












Note Guarantee








4279.187
Refusal to execute Loan
Letter/written
10
-
on
10
3.0
30.0
$74
$2,220
CHANGES IN BURDEN - FORMS












Note Guarantee
evidence




occasion










4279.161(b)(2)
Application for Loan
1,600.0
555.0
(1,045.00)

REPORTING REQUIREMENTS - FORMS
Form 4279-1
Guarantee (B&I)








4279.161(b)(2)
Application for Loan
B&I
277
278
on
555
1.0
555.0
$74
$41,070
4279.161(b) & (c)
Application for Loan
1,200.0
50.0
(1,150.0)

Form 4279-1
Guarantee (B&I)






occasion










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








4279.161(c)
Application for Loan
B&I
25
25
on
50
1.0
50.0
$74
$3,700
4279.161(a)(2)
Certification of Non-
300.0
40.0
(260.00)

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






occasion












Relocation & Market







4279.161(a)(2)
Certification of Non-
B&I


20
on
20
2.0
40.0
$74
$2,960
Form 4279-2
Capacity Report










Relocation & Market






occasion










4279.173
Conditional
1,155.0
862.5
(292.50)

Form 4279-2
Capacity Report


















Form 4279-3
Commitment
150.0



4279.173
Conditional
B&I
575
-
on
575
1.5
862.5
$74
$63,825
4279.186(a)
Lenders Agreement
700.0
700.0
-

Form 4279-3
Commitment



occasion






$-
Form 4279-4


200.0



4279.186(a)
Lenders Agreement
B&I
350
-
on
350
2.0
700.0
$74
$51,800
4279.75(a)
Assignment Guarantee
300.0
200.0
(100.00)

Form 4279-4





occasion







Form 4279-6
Agreement
5.0



4279.75(a)
Assignment Guarantee
B&I
400
-
on
400
0.5
200.0
$74
$14,800
4279.149(a)
Unconditional guarantee
71.0
275.0
204.00

Form 4279-6
Agreement



occasion






Form 4279-14










4279.149(a)








on










TOTAL DOCKET


19,907
13,679
-


Form 4279-14
Unconditional Guarantee
B&I

550
occasion
550
0.5
275.0
$74
$20,350












TOTAL DOCKET




1,609


5,570


13,679


1,012,246




Total previous burden
19,907
$1,473,118




























Total new burden
13,679
$1,012,246




























Total difference
(6,228)
(460,872)




































RECORDKEEPING REQUIREMENTS












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


































































REPORTING REQUIREMENTS - FORMS APPROVED UNDER OTHER NUMBERS
















Form
Estimated
Estimated
Reports
Total
Est'd # of
Estimated


Cost to












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












Regulations


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












4279.161(b)(3)
Request for
1940-20
250
250
1
250
6.0 4,500.0


















Environmental Review
(0575-0094)




























4279.186(a)(3)
Guaranteed Loan
1980-19
550
550
1 550
1.0
750.0


















Closing Report
(0570-0137)



























Sheet 2: Cost to the Federal Government
Cost to the Federal Government
Activity
Number
# of Hours
# of Hours
Rate
TOTAL
Review preapplication
100
6
6
$49
$29,400
material, DOL









Assigning of Loan Priority
600
0.5
0.5
$49
$14,700
Points









Review application &
625
20
20
$49
$612,500
lender analysis; site









visit, negotiations, &









env. assessment









Approve loan and
595
8
8
$49
$233,240
obligate funds









Review documents and
570
6
6
$49
$167,580
issue guarantee









ANNUALIZED TOTAL








$1,057,420











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.









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AuthorRDA
Last Modified Byjeanne.jacobs
File Modified2013-07-23
File Created2002-10-30
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