Consistent with the two-year timeframe established in the American Recovery and Reinvestment Act (ARRA), OMB approves SBAÂs information collection request for the Secondary Market for Section 504 First Mortgage Loan Pool Program through February 2011. Contingent on an extension of this program, SBA should discuss with OMB the program terms and appropriate level of Federal support.
Inventory as of this Action
Requested
Previously Approved
02/28/2011
36 Months From Approved
08/31/2010
12,490
0
12,490
33,075
0
33,075
0
0
0
These forms captures the terms and conditions of the Small Business Administration's (SBA) new Secondary Market for Section 504 First Mortgage Loan Pool Program. SBA needs this information collection is order to identify program participants, terms of financial transactions involving federal government guaranties, and reporting on program efficiency, including the proper use of Recovery Act funds.
PL:
Pub.L. 111 - 5 503
Name of Law: American Recovery and Reinvestment Act of 2009
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.
Form SBA Form 2401 Secondary Market for Section 504 First Mortgage Loan Pool Program
Secondary Market supporting statement 6-10.docx
Secondary Market for Section 504 First Mortgage Loan Pool Program