Information is used to determine borrower compliance with loan covenants, assist borrower in achieving their business goals, and regular servicing of loan account such as graduation, subordination, partial release, and use of proceeds.
The number of respondents increased by 1,698, and the burden hours increased by 5,992 in this request. The number of responses decreased by 5,992.
The increase is due primarily to increased caseload and different calculations with regard to how travel time calculated. Actual respondents and responses to several forms and non-form collections were reduced based on improved reporting capabilities indicating fewer borrowers and businesses utilizing the servicing actions that required those collections.
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.