[Federal Register Volume 85, Number 86 (Monday, May 4, 2020)]
[Notices]
[Pages 26513-26514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09448]


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SMALL BUSINESS ADMINISTRATION


Data Collection Available for Public Comments

ACTION: 60-Day notice and request for comments.

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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) 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 July 6, 2020.

ADDRESSES: Send all comments to Mary Frias, Loan Specialist, Office of

[[Page 26514]]

Financial Assistance, Small Business Administration, 409 3rd Street SW, 
Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Mary Frias, Loan Specialist, Office of 
Financial Assistance, [email protected] 202-401-8234, or Curtis B. 
Rich, Management Analyst, 202-205-7030, [email protected];

SUPPLEMENTARY INFORMATION: The Small Business Administration collects 
this information from lenders who participate in the 7(a) and Secondary 
Market program. The information is used to facilitate and administer 
secondary market transactions in accordance with 15 U.S.C. 634(f)3 and 
to monitor the program for compliance with 15 U.S.C. 639(h).

Solicitation of Public Comments

    SBA is requesting comments on (a) Whether the collection of 
information is necessary for the agency to properly perform its 
functions; (b) whether the burden estimates are accurate; (c) whether 
there are ways to minimize the burden, including through the use of 
automated techniques or other forms of information technology; and (d) 
whether there are ways to enhance the quality, utility, and clarity of 
the information. Enhancements under review with SBA include a 
reorganization of the terms and conditions of the Form 1086 to improve 
the respondent's understanding of the rights, responsibilities and 
obligations contained in the Form, and to format both documents in 
anticipation of a transition to an electronic interface.

Summary of Information Collection

    Title: Secondary Participation Guaranty Agreement.
    Description of Respondents: Small Business Lending Companies.
    Form Number: SBA Forms 1502, 1086.
    Total Estimated Annual Responses: 4,000.
    Total Estimated Annual Hour Burden: 60,000.

Curtis Rich,
Management Analyst.
[FR Doc. 2020-09448 Filed 5-1-20; 8:45 am]
BILLING CODE 8026-03-P