| 2022 Business and Industry Guaranteed Loan Program (OMB No. 0570-0069) |
| REPORTING REQUIREMENTS - NON-FORM |
|
|
|
|
|
|
|
|
|
| Section of Regulation |
Title |
Form Number (if any) |
Estimated Number of Respondents |
Reports Filed Annually |
Total Annual Responses |
No. of Hours per Response |
Estimated Total Hours |
Wage Class |
Cost to the Public |
| PROCESSING ACTIVITIES |
| 2 CFR Part 200 |
SAM registration, certifications and representations |
SAM.gov |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.16 |
Appeals |
written |
1 |
1 |
1 |
12 |
12.00 |
$39.85 |
$478.20 |
| 4279.29 |
Lender Eligibility |
written |
1 |
1 |
1 |
12 |
12.00 |
$39.85 |
$478.20 |
| 4279.75 |
Sale or assignment of gurantee |
written |
1 |
1 |
1 |
0.5 |
0.50 |
$39.85 |
$19.93 |
| 4279.78 |
Repurchase from holder |
written |
1 |
1 |
1 |
2.5 |
2.50 |
$39.85 |
$99.63 |
|
Environmental documentation |
written |
1 |
1 |
1 |
6 |
6.00 |
$39.85 |
$239.10 |
| 4279.84 |
Replacement of document |
written |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.119(a)(1)(ii) |
Loan guarantee limits - loan amount |
written |
1 |
1 |
1 |
0.5 |
0.50 |
$39.85 |
$19.93 |
| 4279.119(b)(2) |
Loan guarantee limits - percentage of guarantee |
written |
1 |
1 |
1 |
0.5 |
0.50 |
$39.85 |
$19.93 |
| 4279.125(c) |
Interest rate change |
written |
1 |
1 |
1 |
0.5 |
0.50 |
$39.85 |
$19.93 |
| 4279.131 & 4279.161(b)(10) |
Credit quality analysis |
written |
1 |
1 |
1 |
2.5 |
2.50 |
$39.85 |
$99.63 |
| 4279.136(a) |
Hazard insurance |
written |
1 |
1 |
1 |
1.5 |
1.50 |
$39.85 |
$59.78 |
| 4279.136(b)-(c) |
Life and worker compensation insurance |
written |
1 |
1 |
1 |
1.5 |
1.50 |
$39.85 |
$59.78 |
| 4279.136(d)-(e) |
Flood and other insurance |
written |
1 |
1 |
1 |
1 |
1.00 |
$39.85 |
$39.85 |
| 4279.144 & 4279.161(b)(13) |
Appraisal reports |
written |
1 |
1 |
1 |
8 |
8.00 |
$39.85 |
$318.80 |
| 4279.150 & 4279.161(b)(15) |
Feasibility study |
written |
1 |
1 |
1 |
24 |
24.00 |
$39.85 |
$956.40 |
| 4279.161(a) |
Preapplication requirements |
written |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.161(b) & (c) |
Application requirements |
written |
1 |
1 |
1 |
3.5 |
3.50 |
$39.85 |
$139.48 |
| 4279.167(b) |
Planning and performing development requirements |
written |
1 |
1 |
1 |
4 |
4.00 |
$39.85 |
$159.40 |
| 4279.173(b) |
Change in conditions request |
written |
1 |
1 |
1 |
1 |
1.00 |
$39.85 |
$39.85 |
| 4279.173(c) |
Central contractor registration requirements |
written |
1 |
1 |
1 |
1 |
1.00 |
$39.85 |
$39.85 |
| 4279.174(a)-(b) |
Transfer of lender |
written |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.18 |
Changes in borrower |
written |
1 |
1 |
1 |
3 |
3.00 |
$39.85 |
$119.55 |
| 4279.181(a)-(b) |
Conditions precedent to issuance of guarantee |
written |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.181(c) |
Issuance of Loan Note Guarantee |
written |
1 |
1 |
1 |
1 |
1.00 |
$39.85 |
$39.85 |
| 4279.187 |
Refusal to execute Loan Note Guarantee |
written |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.107(b) |
Loan classification |
written |
1 |
1 |
1 |
0.5 |
0.50 |
$39.85 |
$19.93 |
| SERVICING ACTIVITIES |
| 4279.16 |
Appeals |
written |
10 |
1 |
10 |
12 |
120.00 |
$39.85 |
$4,782.00 |
| 4287.107(b) |
Loan classification |
written |
800 |
1 |
800 |
0.5 |
400.00 |
$39.85 |
$15,940.00 |
| 4287.107(c) |
Agency and lender conference |
written |
2,200 |
1 |
2200 |
1.5 |
3,300.00 |
$39.85 |
$131,505.00 |
| 4287.107(d) |
Financial Reports and analysis |
written |
2,500 |
1 |
2500 |
2 |
5,000.00 |
$39.85 |
$199,250.00 |
| 4287.107(h) |
Borrower visits |
written |
500 |
1 |
500 |
2 |
1,000.00 |
$39.85 |
$39,850.00 |
| 4287.112 |
Interest rate adjustment |
written |
50 |
1 |
50 |
0.5 |
25.00 |
$39.85 |
$996.25 |
| 4287.113 |
Release of collateral |
written |
100 |
1 |
100 |
2 |
200.00 |
$39.85 |
$7,970.00 |
| 4287.123 |
Subordination of lien position |
written |
250 |
1 |
250 |
2 |
500.00 |
$39.85 |
$19,925.00 |
| 4287.124 |
Alterations of Loan instruments |
written |
5 |
1 |
5 |
1.5 |
7.50 |
$39.85 |
$298.88 |
| 4287.134 |
Transfer and assumption |
written |
25 |
1 |
25 |
3.5 |
87.50 |
$39.85 |
$3,486.88 |
| 4287.134(a) |
Credit reports |
written |
40 |
1 |
40 |
0.5 |
20.00 |
$39.85 |
$797.00 |
| 4287.134(c)(g) |
Appraisal reports |
written |
250 |
1 |
250 |
1 |
250.00 |
$39.85 |
$9,962.50 |
| 4287.135 |
Substitution of lender |
written |
20 |
1 |
20 |
1 |
20.00 |
$39.85 |
$797.00 |
| 4287.145(a) |
Default by Borrower |
written |
120 |
1 |
120 |
1 |
120.00 |
$39.85 |
$4,782.00 |
| 4287.145(b) |
Curative Actions |
written |
400 |
1 |
400 |
1.5 |
600.00 |
$39.85 |
$23,910.00 |
| 4287.156 |
Protective advances |
written |
120 |
1 |
120 |
1 |
120.00 |
$39.85 |
$4,782.00 |
| 4287.157(d) |
Liquidation plan |
written |
120 |
1 |
120 |
6 |
720.00 |
$39.85 |
$28,692.00 |
| 4287.157(f) |
Acceleration |
written |
120 |
1 |
120 |
0.5 |
60.00 |
$39.85 |
$2,391.00 |
| 4287.157(h) |
Accounting and reports |
written |
120 |
4 |
480 |
0.5 |
240.00 |
$39.85 |
$9,564.00 |
| 4287.18 |
Termination of guarantee |
written |
200 |
1 |
200 |
0.5 |
100.00 |
$39.85 |
$3,985.00 |
| REPORTING REQUIREMENTS - FORMS |
|
|
|
|
|
|
|
|
|
| PROCESSING ACTIVITIES |
| 4279.161(b)(1) |
Application for Loan Guarantee (B&I) |
Form 4279-1 |
1 |
1 |
1 |
4 |
4.00 |
$39.85 |
$159.40 |
| 4279.173 |
Conditional Commitment |
Form 4279-3 |
1 |
1 |
1 |
1.5 |
1.50 |
$39.85 |
$59.78 |
| 4279.181(a) |
Lenders Agreement |
Form 4279-4 |
1 |
1 |
1 |
2 |
2.00 |
$39.85 |
$79.70 |
| 4279.181(c) |
Assignment Guarantee Agreement |
Form 4279-6 |
1 |
1 |
1 |
0.33 |
0.33 |
$39.85 |
$13.15 |
| 4287.133 & 4287.134(a) |
Unconditional Guarantee |
Form 4279-14 |
1 |
1 |
1 |
0.33 |
0.33 |
$39.85 |
$13.15 |
| SERVICING ACTIVITIES |
| 4279.161(b)(1) |
Application for Loan Guarantee (B&I) |
Form 4279-1 (0570-0069) |
200 |
1 |
200 |
4 |
800.00 |
$39.85 |
$31,880.00 |
| 4279.181© |
Assignment Guarantee Agreement |
Form 4279-6 (0570-0069) |
20 |
1 |
20 |
0.33 |
6.60 |
$39.85 |
$263.01 |
| 4279.181(a) |
Guaranteed Loan Closing Report |
1980-19 (0570-0069) |
100 |
1 |
100 |
1 |
100.00 |
$39.85 |
$3,985.00 |
| 4287.107(a) |
Guaranteed Loan Status Report |
Form 1980-41 (0570-0069) |
2,800 |
2 |
5,600 |
0.33 |
1848.00 |
$39.85 |
$73,642.80 |
| 4287.157(i) |
Lender's Guaranteed Loan Payment to USDA |
Form 1980-43 (0570-0069) |
100 |
12 |
1,200 |
0.5 |
600.00 |
$39.85 |
$23,910.00 |
| 4287.145(a) |
Guaranteed Loan Delinquent Status Report |
Form 1980-44 (0570-0069) |
250 |
12 |
3,000 |
0.33 |
990.00 |
$39.85 |
$39,451.50 |
| 4287.158(c) |
Loan Note Guarantee Report of Loss |
Form 449-30 (0570-0069) |
100 |
1 |
100 |
25 |
2500.00 |
$39.85 |
$99,625.00 |
| TOTAL DOCKET |
|
|
11,552 |
|
18,562 |
|
19,842 |
|
790,694.14 |
|
|
|
|
|
|
|
|
|
|
| Collected recent $/hr data from https://www.bls.gov/oes/current/oes_nat.htm/ as requested and calculated private sector loan officer $/hr @ $30.75 + 29.6% benefits = $39.85/hr. |
|
|
|
|
|
|
|
|
|
| kwb 3/24/22 |
|
|
|
|
|
|
|
|
|
| COST TO THE FEDERAL GOVERNMENT |
|
|
|
|
No. of |
|
|
|
|
| Activity |
Number |
|
Hours |
|
Rate |
|
TOTAL |
| Exception authority |
|
1 |
|
3.0 |
|
$64.28 |
|
$193 |
|
|
|
|
|
|
|
|
|
| Appeals |
|
10 |
|
16.0 |
|
$64.28 |
|
$10,285 |
|
|
|
|
|
|
|
|
|
| Lender eligibility |
|
1 |
|
4.0 |
|
$64.28 |
|
$257 |
| determination, and |
|
|
|
|
|
|
|
|
| monitoring |
|
|
|
|
|
|
|
|
| Secondary Market |
|
1 |
|
1.0 |
|
$64.28 |
|
$64 |
| activities |
|
|
|
|
|
|
|
|
| Replacement of |
|
1 |
|
2.0 |
|
$64.28 |
|
$129 |
| documents |
|
|
|
|
|
|
|
|
| Review preapplication |
|
1 |
|
4.0 |
|
$64.28 |
|
$257 |
| material |
|
|
|
|
|
|
|
|
| Assigning of Loan Priority |
|
1 |
|
0.5 |
|
$64.28 |
|
$32 |
| Points |
|
|
|
|
|
|
|
|
| Review application & |
|
1 |
|
20.0 |
|
$64.28 |
|
$1,286 |
| lender analysis; site |
|
|
|
|
|
|
|
|
| visit, negotiations, & |
|
|
|
|
|
|
|
|
| env. assessment |
|
|
|
|
|
|
|
|
| Approve loan and |
|
1 |
|
2.0 |
|
$64.28 |
|
$129 |
| obligate funds |
|
|
|
|
|
|
|
|
| Review documents and |
|
1 |
|
4.0 |
|
$64.28 |
|
$257 |
| issue guarantee |
|
|
|
|
|
|
|
|
| Financial Statement |
|
2,501 |
|
3.0 |
|
$64.28 |
|
$482,293 |
| Review |
|
|
|
|
|
|
|
|
| Servicing Actions |
|
1,560 |
|
4.0 |
|
$64.28 |
|
$401,107 |
|
|
|
|
|
|
|
|
|
| Borrower/lender visits |
|
2,200 |
|
3.0 |
|
$64.28 |
|
$424,248 |
| Assignment Guarantee Agreement |
|
50 |
|
1.0 |
|
$64.28 |
|
$3,214 |
| ANNUALIZED TOTAL |
|
|
|
|
|
|
$1,323,750 |
|
|
|
|
|
|
|
|
|
| The reviews are typically completed by GS-12 State Loan Specialists and GS-13 |
|
|
|
|
|
|
|
|
| State Program Directors. The loans are typically approved by the State Director. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FY22 GS-12, step 5 =$43.10/hr + 36.25% = 58.72/hr. The GS-13, step 5 = $51.25/hr + 36.25% = $69.83/hr. Need to adjust spreadsheet accordingly. |
|
|
|
|
|
|
|
|
| Avg wage of GS-12 and GS-13 mentioned plus benefits of 36.25% = $64.28/hr for federal wage expense. |
|
|
|
|
|
|
|
|