Small Dollar Loan Program

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 1 FY 2026-2028 SDL Program PRA Application	Form and Instruction	Modified	Available
Form 1 Small Dollar Loan Program Application	Form and Instruction	Modified	Repair queued
American Financial Services_Comment Attachment_CDFI-2024-0004-0004-A1.pdf	Public Comments	Uploaded 2025-02-04	Available
American Financial Services_CDFI-2024-0004-0004.pdf	Public Comments	Uploaded 2025-02-04	Available
Bryan Richardson_CDFI-2024-0004-0002.pdf	Public Comments	Uploaded 2024-12-07	Available
Tiffany Craven_CDFI-2024-0004-0003.pdf	Public Comments	Uploaded 2024-12-30	Available
FY 2026-2028 SDLP Application PRA Renewal - Supporting Statement.pdf	Supporting Statement A	Uploaded 2025-03-25	Available
FY 2026-2028 SDLP Application PRA Renewal - Supporting Statement.pdf	Supporting Statement A	Uploaded 2025-03-25	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
246863	Small Dollar Loan Program Application	Form and Instruction	Modified	FY 2026-2028 SDL Program PRA Application
246863	Small Dollar Loan Program Application	Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0051	ICR Reference No: 202503-1559-003
Status: Active	Previous ICR Reference No: 202203-1559-001
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Small Dollar Loan Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/25/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/22/2025
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2028	36 Months From Approved	06/30/2025
Responses	92	0	100
Time Burden (Hours)	7,820	0	6,800
Cost Burden (Dollars)	0	0	0

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Abstract: The Small Dollar Loan Program was authorized by Title XII – Improving Access to Mainstream Financial Institutions Act of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (P.L. 111-203), which amended The Community Development Banking and Financial Institutions Act of 1994 to include the Small Dollar Loan Program (12 U.S.C. § 4719). Through the Small Dollar Loan Program, the CDFI Fund provides grants for loan loss reserves and technical assistance to enable award recipients to establish and maintain small dollar loan programs to address the issues of expanding consumer access to mainstream financial institutions and providing alternatives to high-cost small dollar loans. The Small Dollar Loan Program is also intended to enable award recipients to help unbanked and underbanked populations build credit, access affordable capital, and allow greater access into the mainstream financial system.

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Authorizing Statute(s): PL: Pub.L. 111 - 203 Title XII Name of Law: Improving Access to Mainstream Financial Institutions Act
  

Citations for New Statutory Requirements: PL: Pub.L. 116 - 93 Title I Name of Law: Consolidated Appropriations Act, 2020

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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:
	89 FR 97167	12/06/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 16592	04/18/2025
Did the Agency receive public comments on this ICR? Yes

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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
Small Dollar Loan Program Application	1	FY 2026-2028 SDL Program PRA Application

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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	92	100	0	-8	0	0
Annual Time Burden (Hours)	7,820	6,800	0	1,020	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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 previous PRA submission had an estimate of burden for the form. The form burden data has been updated to reflect burden information provided by those who have used the form. Proposed revisions to the SDL Program Application include: 1) elimination of certain requests to the SDL Program Application that are no longer needed, minimizing the collection burden; and 2) clarification of the methodology to be used in the all-inclusive Annual Percentage Rate (APR) to align with the updated CDFI Certification Application. Applicants will use the Military Annual Percentage Rate (MAPR) methodology, ensuring consistency in how the APR is calculated and reported in the Application and for Certification purposes.

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Annual Cost to Federal Government: $54,540

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]? Yes

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: 04/22/2025

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