| 2016 Business and Industry Guaranteed Loan Program (OMB No. 0570-AA85) | ||||||||||
| REPORTING REQUIREMENTS - NO FORMS | ||||||||||
| Form | Estimated | Reports | Total | No. 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 | ||
| 4279.16 | Appeals | written | 10 | on | 10 | 12.0 | 120.0 | $36 | $4,320.00 | |
| documentation | occasion | |||||||||
| 4279.29 | Eligible lenders | written | 25 | on | 25 | 12.0 | 300.0 | $36 | $10,800.00 | |
| documentation | occasion | |||||||||
| 4279.75 | Sale or assignment of | written | 300 | on | 300 | 0.5 | 150.0 | $36 | $5,400.00 | |
| guaranteed loan | documentation | occasion | ||||||||
| 4279.78 | Repurchase from | written | 100 | on | 100 | 2.5 | 250.0 | $36 | $9,000.00 | |
| holder | documentation | occasion | ||||||||
| 4279.84 | Replacement of | written | 2 | on | 2 | 2.0 | 4.0 | $36 | $144.00 | |
| document | documentation | occasion | ||||||||
| 4279.119 | Loan guarantee limits | Letter | 5 | on | 5 | 0.5 | 2.5 | $36 | $90.00 | |
| (a)(1)(ii) | Loan amount | occasion | ||||||||
| 4279.119 | Loan guarantee limits | Letter | 35 | on | 35 | 0.5 | 17.5 | $36 | $630.00 | |
| (b)(2) | Percentage of guarantee | occasion | ||||||||
| 4279.125(c) | Interest rate change | Letter | 20 | on | 20 | 0.5 | 10.0 | $36 | $360.00 | |
| occasion | ||||||||||
| 4279.131 & | Credit quality analysis | Written | 600 | on | 600 | 2.5 | 1,500.0 | $36 | $54,000.00 | |
| 4279.161(b)(10) | documentation | occasion | ||||||||
| 4279.136(a) | Hazard insurance | Assignment | 25 | on | 25 | 1.5 | 37.5 | $36 | $1,350.00 | |
| occasion | ||||||||||
| 4279.136(b-c) | Life and worker | Assignment | 100 | on | 100 | 1.5 | 150.0 | $36 | $5,400.00 | |
| compensation insurance | occasion | |||||||||
| 4279.136(d-e) | Flood and other | Assignment | 25 | on | 25 | 1.5 | 37.5 | $36 | $1,350.00 | |
| insurance | occasion | |||||||||
| 4279.137 | Financial statements | Written | 25 | on | 25 | 1.0 | 25.0 | $36 | $900.00 | |
| ,4279.161(a)&(b) | report | occasion | ||||||||
| 4279.144 & | Appraisal reports | Written | 50 | on | 50 | 8.0 | 400.0 | $36 | $14,400.00 | |
| 4279.161(b)(13) | report | occasion | ||||||||
| 4279.150 & | Feasibility studies | Written | 150 | on | 150 | 24.0 | 3,600.0 | $36 | $129,600.00 | |
| 4279.161(b)(15) | report | occasion | ||||||||
| 4279.161(a) | Preapplication | Letter & written | 100 | on | 100 | 2.0 | 200.0 | $36 | $7,200.00 | |
| requirements | documentation | occasion | ||||||||
| 4279.161(b) & (c) | Application | Documents & | 600 | on | 600 | 3.5 | 2,100.0 | $36 | $75,600.00 | |
| requirements | other evidence | occasion | ||||||||
| 4279.167(b) | Planning and performing | Written | 150 | on | 150 | 4.0 | 600.0 | $36 | $21,600.00 | |
| development requirements | Reports | occasion | ||||||||
| 4279.173(b) | Change in conditions | Letter | 100 | on | 100 | 1.0 | 100.0 | $36 | $3,600.00 | |
| request | occasion | |||||||||
| 4279.173(c) | Central Contractor | Written | 600 | on | 600 | 1.0 | 600.0 | $36 | $21,600.00 | |
| Registration requirement | evidence | occasion | ||||||||
| 4279.174(a-b) | Transfer of lender | Letter & | 20 | on | 20 | 2.0 | 40.0 | $36 | $1,440.00 | |
| evidence | occasion | |||||||||
| 4279.180 | Changes in borrower | Letter & | 4 | on | 4 | 3.0 | 12.0 | $36 | $432.00 | |
| evidence | occasion | |||||||||
| 4279.181(a-b) | Conditions precedent to | Written | 550 | on | 550 | 2.0 | 1,100.0 | $36 | $39,600.00 | |
| issuance of guarantee | evidence | occasion | ||||||||
| 4279.181(c) | Issuance of Loan Note | Document | 550 | on | 550 | 1.0 | 550.0 | $36 | $19,800.00 | |
| Guarantee | occasion | |||||||||
| 4279.187 | Refusal to execute Loan | Letter/written | 10 | on | 10 | 2.0 | 20.0 | $36 | $720.00 | |
| Note Guarantee | evidence | occasion | ||||||||
| 4287.107(b) | Loan classification | written | 800 | 1 | 800 | 0.5 | 400.0 | $36 | $14,400.00 | |
| 4287.107(c) | Agency and lender | written | 2,500 | 1 | 2,500 | 1.5 | 3,750.0 | $36 | $135,000.00 | |
| conference | ||||||||||
| 4287.107(d) | Financial Reports | written | 3,000 | 1 | 3,000 | 2.0 | 6,000.0 | $36 | $216,000.00 | |
| and analysis - annually | ||||||||||
| 4287.107(h) | Borrower visits | visit | 500 | 1 | 500 | 2.0 | 1,000.0 | $36 | $36,000.00 | |
| 4287.112 | Interest rate adjustment | written | 50 | 1 | 50 | 0.5 | 25.0 | $36 | $900.00 | |
| 4287.113 | Release of collateral | written | 100 | 1 | 100 | 2.0 | 200.0 | $36 | $7,200.00 | |
| 4287.123 | Subordination of lien | written | 350 | 1 | 350 | 2.0 | 700.0 | $36 | $25,200.00 | |
| position | ||||||||||
| 4287.124 | Alterations of Loan | written | 5 | 1 | 5 | 1.5 | 7.5 | $36 | $270.00 | |
| Instuments | ||||||||||
| 4287.134 | Transfer and | written | 25 | 1 | 25 | 3.5 | 87.5 | $36 | $3,150.00 | |
| assumption | ||||||||||
| 4287.134(a) | Credit reports | written | 40 | 1 | 40 | 0.5 | 20.0 | $36 | $720.00 | |
| 4287.134(c)(g) | Appraisal reports | written | 300 | 1 | 300 | 1.0 | 300.0 | $36 | $10,800.00 | |
| 4287.135 | Substitution of lender | written | 20 | 1 | 20 | 1.0 | 20.0 | $36 | $720.00 | |
| 4287.145(a) | Default by Borrower | visit | 120 | 1 | 120 | 1.0 | 120.0 | $36 | $4,320.00 | |
| 4287.145(b) | Curative Actions | written | 350 | 1 | 350 | 1.5 | 525.0 | $36 | $18,900.00 | |
| 4287.156 | Protective advances | written | 120 | 1 | 120 | 1.0 | 120.0 | $36 | $4,320.00 | |
| 4287.157(d) | Liquidation plan | written | 120 | 1 | 120 | 6.0 | 720.0 | $36 | $25,920.00 | |
| document | ||||||||||
| 4287.157(f) | Acceleration | written | 120 | 1 | 120 | 0.5 | 60.0 | $36 | $2,160.00 | |
| 4287.157(h) | Accounting and reports | written report | 120 | 4 | 480 | 0.5 | 240.0 | $36 | $8,640.00 | |
| 4287.180 | Termination of | written | 200 | 1 | 200 | 0.5 | 100.0 | $36 | $3,600.00 | |
| guarantee | ||||||||||
| REPORTING REQUIREMENTS - FORMS | ||||||||||
| 4279.132 | Unconditional Guarantee | Form 4279-14 | on | |||||||
| 650 | occasion | 650 | 0.5 | 325.0 | $36 | $11,700.00 | ||||
| 4279.161(b)(1) | Application for Loan | Form 4279-1 | 600 | on | 600 | 4.0 | 2,400.0 | $36 | $86,400.00 | |
| Guarantee (B&I) | occasion | |||||||||
| 4279.161(a)(3) & | Certification of Non- | Form 4279-2 | 20 | on | 20 | 2.0 | 40.0 | $36 | $1,440.00 | |
| 4279.161(b)(2) | Relocation & Market | occasion | ||||||||
| Capacity Report | ||||||||||
| 4279.173 | Conditional | Form 4279-3 | 575 | on | 575 | 1.5 | 862.5 | $36 | $31,050.00 | |
| Commitment | occasion | |||||||||
| 4279.181(a) | Lenders Agreement | Form 4279-4 | 350 | on | 350 | 2.0 | 700.0 | $36 | $25,200.00 | |
| occasion | ||||||||||
| 4279.181(c) | Assignment Guarantee | Form 4279-6 | 400 | 400 | 0.33 | 132.0 | $36 | $4,752.00 | ||
| Agreement | ||||||||||
| 4287.133 | Unconditional Guarantee | Form 4279-14 | 25 | 1 | 25 | 0.33 | 8.3 | $36 | $297.00 | |
| 4287.134(a) | ||||||||||
| 4287.145(a) | Guaranteed Loan | Form 1980-44 | 250 | 12 | 3,000 | 0.33 | 990.0 | $36 | $35,640.00 | |
| Delinquent Status Borrower | ||||||||||
| 4287.107(a) | Guaranteed Loan Status | Form 1980-41 | 3,000 | 2 | 6,000 | 0.33 | 1,980.0 | $36 | $71,280.00 | |
| Report | ||||||||||
| 4287.157(i) | Lender's Guaranteed Loan Payment to USDA | Form 1980-43 | ||||||||
| (0575-0137) | 100 | 12 | 1,200 | 0.50 | 600.0 | $36 | $21,600.00 | |||
| 4287.158(c) | Loan Note Guarantee | Form 449-30 | ||||||||
| Report of Loss | (0575-0137) | 100 | 1 | 100 | 25.00 | 2,500.0 | $36 | $90,000.00 | ||
| 4279.161(b)(3) | Request for | 1940-20 | 250 | 1 | 250 | 6.0 | 1,500.0 | $36 | $54,000.00 | |
| Environmental Review | (0575-0094) | |||||||||
| 4279.181(a) | Guaranteed Loan | 1980-19 | 550 | 1 | 550 | 1.0 | 550.0 | $36 | $19,800.00 | |
| Closing Report | (0570-0137) | |||||||||
| TOTAL DOCKET | 27,076 | 38,908.75 | $1,400,715.00 | |||||||
| COST TO THE FEDERAL GOVERNMENT | ||||||||
| No. of | ||||||||
| Activity | Number | Hours | Rate | TOTAL | ||||
| Exception authority | 5 | 3.0 | $27.00 | $405 | ||||
| Appeals | 10 | 16.0 | $27.00 | $4,320 | ||||
| Lender eligibility | 50 | 4.0 | $27.00 | $5,400 | ||||
| determination, and | ||||||||
| monitoring | ||||||||
| Secondary Market | 300 | 1.0 | $27.00 | $8,100 | ||||
| activities | ||||||||
| Replacement of | 2 | 2.0 | $27.00 | $108 | ||||
| documents | ||||||||
| Review preapplication | 100 | 4.0 | $27.00 | $10,800 | ||||
| material | ||||||||
| Assigning of Loan Priority | 600 | 0.5 | $27.00 | $8,100 | ||||
| Points | ||||||||
| Review application & | 600 | 20.0 | $27.00 | $324,000 | ||||
| lender analysis; site | ||||||||
| visit, negotiations, & | ||||||||
| env. assessment | ||||||||
| Approve loan and | 575 | 2.0 | $27.00 | $31,050 | ||||
| obligate funds | ||||||||
| Review documents and | 550 | 4.0 | $27.00 | $59,400 | ||||
| issue guarantee | ||||||||
| Financial Statement | 3,000 | 3.0 | $27.00 | $243,000 | ||||
| Review | ||||||||
| Servicing Actions | 1,560 | 4.0 | $27.00 | $168,480 | ||||
| Borrower/lender visits | 3,500 | 3.0 | $27.00 | $283,500 | ||||
| ANNUALIZED TOTAL | $1,146,663 | |||||||
| 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. | ||||||||
| CHANGES IN BURDEN 0570-0017 | ||||
| Section of | Previous | New | ||
| Regulations | Title | Burden | Burden | Difference |
| 4279.113(y) | Financing housing | 30.0 | - | (30.0) |
| development sites | ||||
| 4279.119 | Loan guarantee limits | 2.5 | 2.5 | - |
| (a)(1)(ii) | Loan amount | |||
| 4279.119 | Loan guarantee limits | 17.5 | 17.5 | |
| (b)(2) | Percentage of guarantee | |||
| 4279.125(c) | Interest rate change | 10.0 | 10.0 | - |
| 4279.131 & | Credit quality analysis | 1,500.0 | 1,500.0 | - |
| 4279.161(b)(10) | ||||
| 4279.136(a) | Hazard insurance | 37.5 | 37.5 | - |
| 4279.136(b-c) | Life and worker | 150.0 | 150.0 | - |
| compensation insurance | ||||
| 4279.136(d-e) | Flood and other | 37.5 | 37.5 | - |
| insurance | ||||
| 4279.137 & | Financial statements | 5.0 | 25.0 | 20.0 |
| 4279.161(a)&(b) | ||||
| 4279.144 & | Appraisel reports | 100.0 | 400.0 | 300.0 |
| 4279.161(b)(13) | ||||
| 4279.150 & | Feasibility studies | 4,320.0 | 3,600.0 | (720.0) |
| 4279.161(b)(15) | ||||
| 4279.161(a) | Preapplication | 200.0 | 200.0 | - |
| requirements | ||||
| 4279.161(b) & (c) | Application | 2,100 | 2,100.0 | - |
| requirements | ||||
| 4279.167 | Planning and performing | 800.0 | 600.0 | (200.0) |
| development requirements | ||||
| 4279.173(b) | Change in conditions | - | 100.0 | 100.0 |
| request | ||||
| 4279.173(c) | Central Contractor | - | 600.0 | 600.0 |
| Registration requirement | ||||
| 4279.174(a-b) | Transfer of Lender | 20.0 | 40.0 | 20.0 |
| 4279.180 | Changes in borrowers | 4.0 | 12.0 | 8.0 |
| 4279.181(a-b) | Conditions precedent to | 1,100.0 | 1,100.0 | - |
| issuance of guarantee | ||||
| 4279.181(c) | Issuance of Loan Note | 550.0 | 550.0 | - |
| Guarantee | ||||
| 4279.187 | Refusal to execute Loan | 30.0 | 20.0 | (10.00) |
| Note Guarantee | ||||
| 4279.132 | Form 4279-14 - Unconditional guarantee | 275.0 | 325.0 | 50.0 |
| 4279.161(b)(1) | Form 4279-1 - Application for Loan Guarantee (B&I) | 555.0 | 2,400.0 | 1,845.00 |
| 4279.161(a)(3) & (b)(2) | Form 4279-1A - Application for Loan Guarantee (B&I One-Doc) | 50.0 | - | (50.0) |
| 4279.161(a)(3) & (b)(2) | Form 4279-2 - Certification of non-Relocation & Market Capacity Report | 40.0 | 40.0 | - |
| 4279.173 | Form 4279-3 - Conditional Commitment | 862.5 | 862.5 | - |
| 4279.181(a) | Foirm 4279-4 - Lenders Agreement | 700.0 | 700.0 | - |
| 42797.181(c) | Form 4279-6 - Assignment Guarantee Agreement | 200.0 | 132.0 | (68.00) |
| TOTAL DOCKET | 13,679 | 15,562 | 1,883 | |
| Total previous burden | 13,679 | |||
| Total new burden | 15,562 | |||
| Total difference | 1,883 | |||
| CHANGES IN BURDEN 0570-0016 | ||||
| Section of | Previous | New | ||
| Regulations | Title | Burden | Burden | Difference |
| 4287.107(b) | Loan classification | 550.0 | 400.0 | (150.0) |
| 4287.107(c) | Agency and lender | 570.0 | 3,750.0 | 3180.0 |
| conference | ||||
| 4287.107(d) | Financial Reports | 2,200.0 | - | (2200.0) |
| and analysis - quarterly | ||||
| 4287.107(d) | Financial Reports | 7,500.0 | 6,000.0 | (1500.0) |
| and analysis - annually | ||||
| 4287.107(h) | Borrower visits | 3,260.0 | 1,000.0 | (2260.0) |
| 4287.112 | Interets rate adjustment | 28.0 | 25.0 | (3.0) |
| 4287.113 | Release of collateral | 220.0 | 200.0 | (20.0) |
| 4287.123 | Subordination of lien | 440.0 | 700.0 | 260.0 |
| 4287.124 | Alterations of Loan | 165.0 | 7.5 | (157.5) |
| Instuments | ||||
| 4287.134 | Transfer and | 77.0 | 87.5 | 10.5 |
| assumption | ||||
| 4287.134(a) | Credit report | 22.0 | 20.0 | (2.0) |
| 4287.134(c) - (g) | Appraisal reports | 44.0 | 300.0 | 256.0 |
| 4287.135 | Substitution of lender | 22.0 | 20.0 | (2.0) |
| 4287.145(a) | Default by Borrower | 130.0 | 120.0 | (10.0) |
| 4287.145(b) | Curative Actions | 315.0 | 525.0 | 210.0 |
| 4287.156 | Protective advances | 272.0 | 120.0 | (152.0) |
| 4287.157(d) | Liquidation plan | 780.0 | 720.0 | (60.0) |
| 4287.157(f) | Acceleration | 65.0 | 60.0 | (5.0) |
| 4287.157(h) | Accounting and reports | 260.0 | 240.0 | (20.0) |
| 4287.18 | Termination of | 272.0 | 100 | (172.0) |
| guarantee | ||||
| 4287.107(a) | Form 1980-41 - Guaranteed Loan Status Report | 2,508.0 | 1,980 | (528.0) |
| 4287.134(a)-(g) | Form 4279-14 -Unconditional Guarantee | - | 8.3 | 8.3 |
| 4287.145(a) | Form 1980-44 - Guaranteed Loan Borrower Default Status | 752.0 | 990 | 238.0 |
| Total Docket | 20,452 | 17,373.3 | (3078.7) | |
| Total previous burden | 20,452 | |||
| Total new burden | 17,373 | |||
| Total difference | (3,079) | |||
| File Type | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
| File Modified | 0000-00-00 |
| File Created | 0000-00-00 |