Settlement Sheet

ICR 202208-3245-001

OMB: 3245-0200

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
186934 Modified
ICR Details
3245-0200 202208-3245-001
Received in OIRA 201811-3245-002
SBA
Settlement Sheet
Extension without change of a currently approved collection   No
Regular 08/12/2022
  Requested Previously Approved
36 Months From Approved 08/31/2022
52,000 28,224
26,000 14,112
1,119,040 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

  86 FR 74207 12/29/2021
87 FR 24385 04/25/2022
No

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

  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 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
Yes
Miscellaneous Actions
No
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.

$559,520
No
    No
    No
No
No
No
No
Adrienne Grierson 202 205-6573 [email protected]

  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.
08/12/2022


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