Compensation Agreement;

Forms and Documents

Document Name	Status
Form SBA FORM 159(7A) Compensation Agreement; Form and Instruction	Modified
OMB 3245-0201 Supporting Statement 4-8-13.doc Supporting Statement A	2013-04-08

IC Document Collections

IC ID	Document Title	Status
35726	Compensation Agreement; Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0201	ICR Reference No: 201304-3245-002
Status: Historical Active	Previous ICR Reference No: 200909-3245-002
Agency/Subagency: SBA	Agency Tracking No:
Title: Compensation Agreement;
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/21/2013
	Date Received in OIRA: 04/08/2013
Terms of Clearance: OMB is approving the current request for reinstatement of SBA’s information collection – Compensation Agreement (OMB Control Number 3245-0201) for a one-year period. This information collection has a long history of being in violation of the PRA. Therefore, before SBA resubmits it to OMB for a three-year approval, the Agency must ensure that the personnel responsible for collecting, using, and monitoring this information collection have received training on compliance with the Paperwork Reduction Act (PRA) requirements and further, that such personnel are provided a detailed plan for ensuring those requirements are met in a timely manner to prevent future violations of the PRA. Details of this plan must be included in the Supporting Statement with the next request for approval of this information collection. If SBA fails to resubmit this information collection before the one year approval expires, the request for reinstatement must include a written reasonable explanation for missing the expiration deadline. Failure to provide adequate justification may be basis for disapproval of the information collection.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2014	36 Months From Approved
Responses	9,210	0	0
Time Burden (Hours)	1,385	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The information collected is used by Small Business Administration to monitor the Agents, fees charged by Agents, and the relationship between Agents and lenders. The information helps SBA to determine among other things whether borrowers are paying unnecessary, unreasonable or prohibitive fees.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 12901	03/02/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 21002	04/08/2013
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Compensation Agreement;	SBA FORM 159 (504), SBA FORM 159(7A) , SBA Form 159D	Fee Disclosure Form and Compensation Agreement for Agent in Connection with 7(a) Loan ,   Fee Disclosure Form and Compensation Agreement for Agent in Connection with 504 Loan ,   Fee Disclosure Form and Compensation Agreement for Agent in Connection Disaster Assistance Form

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	9,210	0	0	-185	0	9,395
Annual Time Burden (Hours)	1,385	0	0	-16	0	1,401
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Due to a decrease in Disaster loans and 504 approvals.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 04/08/2013

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