Information Collection Request

Form of Detached Assignment for U.S. Small Business Administration Loan Pool or Guaranteed Interest Certificate

ICR 202311-3245-003 · OMB 3245-0212 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Form SBA Form 1088 Form of Detached Assignment for U.S. Small Business Administration Loan Pool or Guaranteed Interest Certificate Form and Instruction Modified Repair queued
3245-0212 FORM 1088 STATUTORY AUTHORITY 11-30-2023.docx Supplementary Document Uploaded 2023-11-30 Missing upstream
3245-0212 Supporting Statement - Form 1088 (FINAL 11-30-23).docx Supporting Statement A Uploaded 2023-11-30 Repair queued
IC Document Collections
ICR Details
3245-0212 202311-3245-003
Received in OIRA 202009-3245-005
SBA
Form of Detached Assignment for U.S. Small Business Administration Loan Pool or Guaranteed Interest Certificate
Extension without change of a currently approved collection   No
Regular 11/30/2023
  Requested Previously Approved
36 Months From Approved 12/31/2023
9,200 9,200
13,800 13,800
414,000 0

The Small Business Administration requires information to be disclosed to the buyer when a secondary market loan is transferred from one investor to another. This information includes a constant annual prepayment rate based upon the seller's analysis pf prepayment histories of SBA guaranteed loans with similar maturities. Additionally, information is required on the terms. conditions and yield of the security being transferred.

US Code: 15 USC 634(h)(1)(c)
  
None

Not associated with rulemaking

  88 FR 32226 05/19/2023
88 FR 77653 11/13/2023
No

  Total Request 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 9,200 9,200 0 0 0 0
Annual Time Burden (Hours) 13,800 13,800 0 0 0 0
Annual Cost Burden (Dollars) 414,000 0 0 414,000 0 0
No
No

No
    No
    No
No
No
No
No
Mary Frias 202 401-8234 [email protected]

  No

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.
11/30/2023