Justification

3245-0407 Summary Justification _PPP ICR Revision_ 6-10-20.docx

Paycheck Protection Loan Program Borrower Information Form and Lender's Application for Loan Guaranty

Justification

OMB: 3245-0407

Document [docx]
Download: docx | pdf

As a result of recent changes to the Paycheck Protection Program (PPP) by the Paycheck Protection Program Flexibility Act (PPP Flexibility Act), it is necessary to amend the information collection for the PPP that is currently approved under OMB Control Number 3245-0407. Specifically, Form 2483 (PPP Borrower Application Form) and Form 2484 (PPP Lender Application Form) are being revised to ensure consistency with the amended program terms regarding use of loan proceeds, loan maturity, deferral of loan payments, and forgiveness provisions. The changes will provide clarity and certainty for prospective applicants, current borrowers and lenders in the PPP.



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorAuthor
File Modified0000-00-00
File Created2021-01-11

© 2024 OMB.report | Privacy Policy