Settlement Sheet

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SBA Form 1050 SBA Settlement Sheet	Form and Instruction	Modified	Available
Form SBA Form 1050 Settlement Sheet	Form and Instruction	Modified	Repair queued
3245-0200 eCFR __ 13 CFR 120.520 -- Purchase of 7(a) loan guarantees 8-12-2022.pdf	Supplementary Document	Uploaded 2022-08-12	Repair queued
3245-0200 eCFR __ 13 CFR 120.524 regulation 8-12-2022.pdf	Supplementary Document	Uploaded 2022-08-12	Repair queued
3245-0200 Supporting Statement (DTK 8.10.22 clean).docx	Supporting Statement A	Uploaded 2022-08-12	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
186934	Settlement Sheet	Form and Instruction	Modified	SBA Settlement Sheet
186934	Settlement Sheet	Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0200	ICR Reference No: 202208-3245-001
Status: Historical Active	Previous ICR Reference No: 201811-3245-002
Agency/Subagency: SBA	Agency Tracking No:
Title: Settlement Sheet
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/07/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/12/2022
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2025	36 Months From Approved	10/31/2022
Responses	52,000	0	28,224
Time Burden (Hours)	26,000	0	14,112
Cost Burden (Dollars)	1,119,040	0	0

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Abstract: 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.

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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:
	86 FR 74207	12/29/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 24385	04/25/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

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

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ICR Summary of Burden

table that charts list 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	52,000	28,224	0	23,776	0	0
Annual Time Burden (Hours)	26,000	14,112	0	11,888	0	0
Annual Cost Burden (Dollars)	1,119,040	0	0	1,119,040	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: The burden hours for SBA Form 1050 have increased since the last submission of the PRA package due to an increase of the projected annual loan volume and the hourly rate increase for a GS-12 level employee.

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Annual Cost to Federal Government: $559,520

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: 08/12/2022

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