Secondary Participation Guaranty Agreement

Forms and Documents

Document Name	Status
3245-0185 Forms 1086 and 1502 Statutory Provisions 2-27-17.docx Supplementary Document	2017-02-27
3245-0185 Supporting Statement - Forms 1086 and 1502 2-27-17.docx Supporting Statement A	2017-02-27

IC Document Collections

IC ID	Document Title	Status
35712	Secondary Participation Guaranty Agreement Instruction	Modified

ICR Details

OMB Control No: 3245-0185	ICR Reference No: 201702-3245-001
Status: Historical Active	Previous ICR Reference No: 201312-3245-007
Agency/Subagency: SBA	Agency Tracking No:
Title: Secondary Participation Guaranty Agreement
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/14/2017
	Date Received in OIRA: 02/28/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2020	36 Months From Approved	06/30/2017
Responses	4,000	0	4,625
Time Burden (Hours)	60,000	0	48,000
Cost Burden (Dollars)	0	0	0

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Abstract: Small Business Administration collects this information from lenders who participate in the secondary market program. The information is used to facilitate and administer secondary market transactions in accordance with 15 USC 634(f)3 and to monitor the program for compliance with 15 USC 639(h).

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Authorizing Statute(s): US Code: 15 USC 634(f)(1) Name of Law: Authorizes lenders to sell the guaranteed portion of SBA loans in accordance with SBA's regulations
  

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:
	81 FR 54174	10/14/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 11689	02/24/2017
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
Secondary Participation Guaranty Agreement	SBA Form 1502 , SBA Form 1086	Guaranty Loan Status & Lender Remittance Form ,   Secondary Participation Guaranty Agreement

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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	4,000	4,625	0	-625	0	0
Annual Time Burden (Hours)	60,000	48,000	0	12,000	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: Due to the number of increase in annual loan sales the burden has increased.

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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: 02/28/2017

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