The Small Business Administration (SBA) is authorized under the Small Business Act to conduct off-site review and monitoring of SBA Lenders, Intermediaries and Non-
Technical Assistance Providers (NTAPs). They will be required to prepare self-assessments and submit corrective action plans and other review/exam related information to facilitate SBA's performance of its oversight and monitoring functions.
These plans will inform SBA how the lender intends to address deficiencies identified during the review and examination process and the time line for implementing the plan included the target deadline.
US Code:
15 USC 634
Name of Law: Commerce and Trade
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.