Servicing Agent Agreement

Forms and Documents

Document Name	Status
Form SBA Form 1506 Servicing Agent Agreement Form and Instruction	Modified
3245-0193 5 USC 552 6-30-2022.pdf Supplementary Document	2022-06-30
3245-0193 13 CFR 120.954 6-30-2022.pdf Supplementary Document	2022-06-30
3245-0193 Supporting Statement - Form 1506 (FINAL) 6-30-2022.docx Supporting Statement A	2022-06-30

IC Document Collections

IC ID	Document Title	Status
35720	Servicing Agent Agreement Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0193	ICR Reference No: 202206-3245-010
Status: Received in OIRA	Previous ICR Reference No: 201905-3245-003
Agency/Subagency: SBA	Agency Tracking No:
Title: Servicing Agent Agreement
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/30/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2022
Responses	7,631	5,042
Time Burden (Hours)	7,631	5,042
Cost Burden (Dollars)	251,815	0

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Abstract: The Servicing Agent agreement is executed by the borrower, end where applicable the operating company, certified development company and the loan servicing agent. The agreement is primarily used to certify to SBA use of loan proceeds, appoint a servicing agent, and acknowledge the imposition of various fees allowed in SBA's 504 loan program.

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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:
	87 FR 4703	01/28/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 38466	06/28/2022
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
Servicing Agent Agreement	SBA Form 1506	Servicing Agent Agreement

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ICR Summary of Burden

	Total Request	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	7,631	5,042	0	2,589	0	0
Annual Time Burden (Hours)	7,631	5,042	0	2,589	0	0
Annual Cost Burden (Dollars)	251,815	0	0	251,815	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: This submission shows an increase of annual responses as compared to the last submission based on an increase in the overall average during the last three fiscal years, 2019 - 2021. As a result, the total estimated burden hour has also increased.

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Annual Cost to Federal Government: $112,557

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 06/30/2022

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