83 FR 37878 - Data Collection Available for Public Comments

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 83, Issue 149 (August 2, 2018)

Page Range		37878-37879
FR Document		2018-16558

The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) of 1995, requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.

Federal Register, Volume 83 Issue 149 (Thursday, August 2, 2018)

[Federal Register Volume 83, Number 149 (Thursday, August 2, 2018)]
[Notices]
[Pages 37878-37879]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16558]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

ACTION: 60-Day notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Small Business Administration (SBA) intends to request 
approval, from the Office of Management and Budget (OMB) for the 
collection of information described below. The Paperwork Reduction Act 
(PRA) of 1995, requires federal agencies to publish a notice in the 
Federal Register concerning each proposed collection of information 
before submission to OMB, and to allow 60 days for public comment in 
response to the notice. This notice complies with that requirement.

DATES: Submit comments on or before October 1, 2018.

ADDRESSES: Send all comments to Susan Suckfiel, Supervisory Financial 
Analyst, Office of Capital Access, Small Business Administration, 409 
3rd Street, 8th Floor, Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Susan Suckfiel, Supervisory Financial 
Analyst, 202-205-6443, susan.suckfiel@sba.gov or Curtis B. Rich, 
Management Analyst, 202-205-7030, curtis.rich@sba.gov;

SUPPLEMENTARY INFORMATION: SBA Form 1050, Settlement Sheet is used in 
SBA's 7(a) Loan Program to collect information from lenders and 
borrowers regarding the disbursement of loan proceeds. SBA relies on 
this information during the guaranty purchase review process as a 
component in determining whether to honor a loan guaranty. The 
currently approved form primarily requires the lender and borrower to 
certify to whether they complied with a series of loan requirements. 
The current form also requires submission of documentation (e.g., joint 
payee or cancelled checks, invoices or paid receipts, and wire transfer 
records) in support of the certification. SBA has determined that this 
current information collection lacks enough specificity to yield the 
information regarding use of proceeds that would enable the agency to 
effectively monitor compliance with loan disbursement procedures. As a 
result, SBA is proposing to change both the content and format of the 
Form 1050.
    The form will be divided into several sections to clearly identify 
the information to be submitted. The revised form will continue to 
collect the same basic identifying information such as loan amount, 
loan number and lender's name. In addition, the form will continue to 
require certifications from both the lender and borrower regarding 
compliance with the disbursement requirements and accuracy of 
information submitted. However, generally the enumerated statements 
will be reduced or combined and replaced with requests for specific 
information. the revised form will include a listing of all of the uses 
of loan proceeds. For each applicable use, information regarding the 
names of the payees, the amount disbursed, and the authorized amount 
remaining will be collected. The revised form will also include a 
section to document the borrower's equity injection of cash, assets, 
and any seller contribution (on full standby for the life of the loan).
    These changes will allow the lender to more clearly document all of 
the sources and uses of funds at the time of loan closing. This 
additional information will better allow both lenders and SBA staff to 
ensure that the necessary information is collected at the time of loan 
origination

(a) Solicitation of Public Comments

    SBA is requesting comments on (i) Whether the collection of 
information is necessary for the agency to properly

[[Page 37879]]

perform its functions; (ii) whether the burden estimates are accurate; 
(iii) whether there are ways to minimize the burden, including through 
the use of automated techniques or other forms of information 
technology; and (iv) whether there are ways to enhance the quality, 
utility, and clarity of the information.

(b) Summary of Information Collection

    Title: Settlement Statement.
    Form Numbers: SBA Form 1050.
    OMB Control Number: 3245-0200.
    Description of Respondents: SBA Lenders and Borrowers.
    Estimated Number of Respondents: 28,224.
    Frequency of Response per Respondent: 1.
    Total Estimated Annual Responses: 28,224.
    Total Estimated Annual Hour Burden: 4,800.

Curtis Rich,
Management Analyst.
[FR Doc. 2018-16558 Filed 8-1-18; 8:45 am]
BILLING CODE 8025-01-P

37878 Federal Register / Vol. 83, No. 149 / Thursday, August 2, 2018 / Notices

of the Act 23 and Rule 19b–4(f)(4)(ii) 24 available for website viewing and Analyst, 202–205–7030, curtis.rich@
thereunder because it effects a change in printing in the Commission’s Public sba.gov;
an existing service that (i) does not Reference Room, 100 F Street NE, SUPPLEMENTARY INFORMATION: SBA Form
adversely affect the safeguarding of Washington, DC 20549, on official 1050, Settlement Sheet is used in SBA’s
securities or funds in the custody or business days between the hours of 7(a) Loan Program to collect information
control of the clearing agency or for 10:00 a.m. and 3:00 p.m. Copies of such from lenders and borrowers regarding
which it is responsible and (ii) does not filing also will be available for the disbursement of loan proceeds. SBA
significantly affect the respective rights inspection and copying at the principal relies on this information during the
or obligations of the clearing agency or office of OCC and on OCC’s website at guaranty purchase review process as a
persons using the service. https://www.theocc.com/components/ component in determining whether to
At any time within 60 days of the docs/legal/rules_and_bylaws/sr_occ_18_ honor a loan guaranty. The currently
filing of the proposed rule change, the 010.pdf.
Commission summarily may approved form primarily requires the
All comments received will be posted lender and borrower to certify to
temporarily suspend such rule change if without change. Persons submitting
it appears to the Commission that such whether they complied with a series of
comments are cautioned that we do not loan requirements. The current form
action is necessary or appropriate in the redact or edit personal identifying
public interest, for the protection of also requires submission of
information from comment submissions. documentation (e.g., joint payee or
investors, or otherwise in furtherance of You should submit only information
the purposes of the Act.25 cancelled checks, invoices or paid
that you wish to make available receipts, and wire transfer records) in
IV. Solicitation of Comments publicly. support of the certification. SBA has
All submissions should refer to File
Interested persons are invited to determined that this current information
Number SR–OCC–2018–010 and should
submit written data, views and collection lacks enough specificity to
be submitted on or before August 23,
arguments concerning the foregoing, yield the information regarding use of
2018.
including whether the proposed rule proceeds that would enable the agency
change is consistent with the Act. For the Commission, by the Division of to effectively monitor compliance with
Comments may be submitted by any of Trading and Markets, pursuant to delegated loan disbursement procedures. As a
authority.26 result, SBA is proposing to change both
the following methods:
Robert W. Errett, the content and format of the Form
Electronic Comments Deputy Secretary. 1050.
• Use the Commission’s internet [FR Doc. 2018–16532 Filed 8–1–18; 8:45 am] The form will be divided into several
comment form (http://www.sec.gov/ BILLING CODE 8011–01–P sections to clearly identify the
rules/sro.shtml); or information to be submitted. The
• Send an email to rule-comments@ revised form will continue to collect the
sec.gov. Please include File Number SR– SMALL BUSINESS ADMINISTRATION same basic identifying information such
OCC–2018–010 on the subject line. as loan amount, loan number and
Paper Comments Data Collection Available for Public lender’s name. In addition, the form will
Comments continue to require certifications from
• Send paper comments in triplicate both the lender and borrower regarding
to Brent J. Fields, Secretary, Securities 60-Day notice and request for
ACTION: compliance with the disbursement
and Exchange Commission, 100 F Street comments. requirements and accuracy of
NE, Washington, DC 20549–1090. information submitted. However,
All submissions should refer to File SUMMARY: The Small Business
Administration (SBA) intends to request generally the enumerated statements
Number SR–OCC–2018–010. This file will be reduced or combined and
number should be included on the approval, from the Office of
Management and Budget (OMB) for the replaced with requests for specific
subject line if email is used. To help the information. the revised form will
Commission process and review your collection of information described
below. The Paperwork Reduction Act include a listing of all of the uses of loan
comments more efficiently, please use proceeds. For each applicable use,
only one method. The Commission will (PRA) of 1995, requires federal agencies
to publish a notice in the Federal information regarding the names of the
post all comments on the Commission’s payees, the amount disbursed, and the
internet website (http://www.sec.gov/ Register concerning each proposed
collection of information before authorized amount remaining will be
rules/sro.shtml). Copies of the collected. The revised form will also
submission, all subsequent submission to OMB, and to allow 60
days for public comment in response to include a section to document the
amendments, all written statements borrower’s equity injection of cash,
with respect to the proposed rule the notice. This notice complies with
that requirement. assets, and any seller contribution (on
change that are filed with the full standby for the life of the loan).
Commission, and all written DATES: Submit comments on or before
These changes will allow the lender
communications relating to the October 1, 2018. to more clearly document all of the
proposed rule change between the ADDRESSES: Send all comments to Susan sources and uses of funds at the time of
Commission and any person, other than Suckfiel, Supervisory Financial Analyst, loan closing. This additional
those that may be withheld from the Office of Capital Access, Small Business information will better allow both
public in accordance with the Administration, 409 3rd Street, 8th lenders and SBA staff to ensure that the
daltland on DSKBBV9HB2PROD with NOTICES

provisions of 5 U.S.C. 552, will be Floor, Washington, DC 20416. necessary information is collected at the
FOR FURTHER INFORMATION CONTACT: time of loan origination
23 15 U.S.C. 78s(b)(3)(A). Susan Suckfiel, Supervisory Financial
24 17 CFR 240.19b–4(f)(4)(ii).
Analyst, 202–205–6443, susan.suckfiel@ (a) Solicitation of Public Comments
25 Notwithstanding the foregoing, implementation

of this rule change will be delayed until this rule sba.gov or Curtis B. Rich, Management SBA is requesting comments on (i)
change is deemed certified under CFTC Regulation Whether the collection of information is
§ 40.6. 26 17 CFR 200.30–3(a)(12). necessary for the agency to properly

VerDate Sep<11>2014 17:06 Aug 01, 2018 Jkt 244001 PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 E:\FR\FM\02AUN1.SGM 02AUN1

Federal Register / Vol. 83, No. 149 / Thursday, August 2, 2018 / Notices 37879

perform its functions; (ii) whether the filed at the address listed above or other Economic Injury (EIDL) Loan
burden estimates are accurate; (iii) locally announced locations. Application Deadline Date: 04/24/2019.
whether there are ways to minimize the The following areas have been ADDRESSES: Submit completed loan
burden, including through the use of determined to be adversely affected by applications to: U.S. Small Business
automated techniques or other forms of the disaster: Administration, Processing and
information technology; and (iv) Primary Counties: Siskiyou. Disbursement Center, 14925 Kingsport
whether there are ways to enhance the Contiguous Counties: Road, Fort Worth, TX 76155.
quality, utility, and clarity of the California: Del Norte, Humboldt,
FOR FURTHER INFORMATION CONTACT:
information. Modoc, Shasta, Trinity.
A. Escobar, Office of Disaster
Oregon: Jackson, Josephine, Klamath.
(b) Summary of Information Collection Assistance, U.S. Small Business
The Interest Rates are: Administration, 409 3rd Street SW,
Title: Settlement Statement.
Suite 6050, Washington, DC 20416,
Form Numbers: SBA Form 1050. Percent
OMB Control Number: 3245–0200. (202) 205–6734.
Description of Respondents: SBA For Physical Damage: SUPPLEMENTARY INFORMATION: Notice is
Lenders and Borrowers. Homeowners with Credit Avail- hereby given that as a result of the
Estimated Number of Respondents: able Elsewhere ...................... 3.875 Administrator’s disaster declaration,
Homeowners without Credit applications for disaster loans may be
28,224. Available Elsewhere .............. 1.938
Frequency of Response per filed at the address listed above or other
Businesses with Credit Avail-
Respondent: 1. able Elsewhere ...................... 7.220 locally announced locations.
Total Estimated Annual Responses: Businesses without Credit The following areas have been
28,224. Available Elsewhere .............. 3.610 determined to be adversely affected by
Total Estimated Annual Hour Burden: Non-Profit Organizations with the disaster:
4,800. Credit Available Elsewhere ... 2.500
Primary Counties: Allegheny,
Non-Profit Organizations with-
Curtis Rich, out Credit Available Else- Westmoreland.
Management Analyst. where ..................................... 2.500 Contiguous Counties:
[FR Doc. 2018–16558 Filed 8–1–18; 8:45 am] For Economic Injury: Pennsylvania: Armstrong, Beaver,
Businesses & Small Agricultural Butler, Cambria, Fayette, Indiana,
BILLING CODE 8025–01–P
Cooperatives without Credit Somerset, Washington.
Available Elsewhere .............. 3.610
Non-Profit Organizations with-
The Interest Rates are:
SMALL BUSINESS ADMINISTRATION out Credit Available Else-
where ..................................... 2.500 Percent
[Disaster Declaration #15614 and #15615;
CALIFORNIA Disaster Number CA–00285] For Physical Damage:
The number assigned to this disaster Homeowners with Credit
Administrative Declaration of a for physical damage is 15614 5 and for Available Elsewhere ...... 3.875
Disaster for the State of California economic injury is 15615 0. Homeowners without
The States which received an EIDL Credit Available Else-
AGENCY: U.S. Small Business Declaration # are California, Oregon. where ............................. 1.938
Administration. (Catalog of Federal Domestic Assistance Businesses with Credit
ACTION: Notice. Number 59008) Available Elsewhere ...... 7.220
Businesses without Credit
SUMMARY: This is a notice of an Linda E. McMahon, Available Elsewhere ...... 3.610
Administrative declaration of a disaster Administrator. Non-Profit Organizations
for the State of California dated [FR Doc. 2018–16541 Filed 8–1–18; 8:45 am] with Credit Available
07/25/2018. BILLING CODE 8025–01–P
Elsewhere ...................... 2.500
Incident: Klamathon Fire. Non-Profit Organizations
Incident Period: 07/05/2018 through without Credit Available
07/23/2018. Elsewhere ...................... 2.500
SMALL BUSINESS ADMINISTRATION For Economic Injury:
DATES: Issued on 07/25/2018. Businesses & Small Agri-
[Disaster Declaration #15586 and #15587;
Physical Loan Application Deadline Pennsylvania Disaster Number PA–00084] cultural Cooperatives
Date: 09/24/2018. without Credit Available
Economic Injury (EIDL) Loan Administrative Declaration of a Elsewhere ...................... 3.610
Application Deadline Date: 04/25/2019. Disaster for the Commonwealth of Non-Profit Organizations
ADDRESSES: Submit completed loan Pennsylvania without Credit Available
applications to: U.S. Small Business Elsewhere ...................... 2.500
Administration, Processing and AGENCY: U.S. Small Business
Disbursement Center, 14925 Kingsport Administration. The number assigned to this disaster
Road, Fort Worth, TX 76155. ACTION: Notice. for physical damage is 15586 6 and for
economic injury is 15587 0.
FOR FURTHER INFORMATION CONTACT: SUMMARY: This is a notice of an The State which received an EIDL
A. Escobar, Office of Disaster Administrative declaration of a disaster Declaration # is Pennsylvania.
Assistance, U.S. Small Business for the Commonwealth of Pennsylvania (Catalog of Federal Domestic Assistance
daltland on DSKBBV9HB2PROD with NOTICES

Administration, 409 3rd Street SW, dated 07/24/2018. Number 59008)
Suite 6050, Washington, DC 20416, Incident: Flooding.
(202) 205–6734. Incident Period: 06/20/2018 through Dated: July 24, 2018.
SUPPLEMENTARY INFORMATION: Notice is 06/21/2018. Linda E. McMahon,
hereby given that as a result of the DATES: Issued on 07/24/2018. Administrator.
Administrator’s disaster declaration, Physical Loan Application Deadline [FR Doc. 2018–16544 Filed 8–1–18; 8:45 am]
applications for disaster loans may be Date: 09/24/2018. BILLING CODE 8025–01–P

VerDate Sep<11>2014 17:06 Aug 01, 2018 Jkt 244001 PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 E:\FR\FM\02AUN1.SGM 02AUN1

Document Created: 2018-08-02 01:29:01
Document Modified: 2018-08-02 01:29:01

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		60-Day notice and request for comments.
Dates		Submit comments on or before October 1, 2018.
Contact		Susan Suckfiel, Supervisory Financial Analyst, 202-205-6443, [email protected] or Curtis B. Rich, Management Analyst, 202-205-7030, [email protected];
FR Citation		83 FR 37878