Settlement Sheet

ICR 201804-3245-001

OMB: 3245-0200

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2018-04-02
Supplementary Document
2018-04-02
Supporting Statement A
2018-04-02
IC Document Collections
IC ID
Document
Title
Status
186934 Modified
ICR Details
3245-0200 201804-3245-001
Historical Active 201502-3245-006
SBA
Settlement Sheet
Extension without change of a currently approved collection   No
Regular
Approved without change 05/07/2018
Retrieve Notice of Action (NOA) 04/02/2018
  Inventory as of this Action Requested Previously Approved
05/31/2021 36 Months From Approved 05/31/2018
28,224 0 24,255
4,800 0 6,094
0 0 0

This form is required to be completed at the time of first disbursement by lenders and small business owners for all 7(a) loans that are closed and disbursed with the exception of 7(a) Small, Community Advantage, SBA Express and Export Express loans. SBA uses the information to help determine whether loans were disbursed in compliance with SBA requirements, to obtain certifications to such compliance. The form also notifies lenders of their obligation to retain completed forms.

None
None

Not associated with rulemaking

  82 FR 46119 12/04/2017
83 FR 14099 04/02/2018
No

1
IC Title Form No. Form Name
Settlement Sheet SBA Form 1050 Settlement Sheet

  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 28,224 24,255 0 3,969 0 0
Annual Time Burden (Hours) 4,800 6,094 0 -1,294 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The burden hours for SBA Form 1050 have decreased since the last submission of the PRA package from 6,094 to 4,800 due to a re-estimation of the time spent on each form and an adjustment on the projected annual loan volume.

$0
No
    No
    No
No
No
No
Uncollected
Susan Suckfiel 202 205-6443

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
04/02/2018


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