Spreadsheet

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Overview

Annual Burden
Federal Cost
Changes from 0570-0017
Changes from 0570-0016
Changes from 0570-0018

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Sheet 1: Annual Burden

2014 Business and Industry Guaranteed Loan Program (OMB No. 0570-NEW)
REPORTING REQUIREMENTS - NO FORMS
		Form	Estimated	Reports	Total	No. of	Estimated		Cost to
Section of	Title	Number	Number of	Filed	Annual	Man-hours	Total	Wage	the
Regulations		(if any)	Respondents	Annually	Responses	per response	Man-hours	Class	Public
Burden from 0570-0018
4279.16	Appeals	written	10	on	10	12.0	120.0	$36	$4,320.00
		documentation		occasion
4279.29	Eligible lenders	written	25	on	25	12.0	300.0	$36	$10,800.00
		documentation		occasion
4279.75	Sale or assignment of	written	300	on	300	0.5	150.0	$36	$5,400.00
	guaranteed loan	documentation		occasion
4279.78	Repurchase from	written	100	on	100	2.5	250.0	$36	$9,000.00
	holder	documentation		occasion
4279.84	Replacement of	written	2	on	2	2.0	4.0	$36	$144.00
	document	documentation		occasion
Burden from 0570-0017
4279.119	Loan guarantee limits	Letter	5	on	5	0.5	2.5	$36	$90.00
(a)(1)(ii)	Loan amount			occasion
4279.119	Loan guarantee limits	Letter	35	on	35	0.5	17.5	$36	$630.00
(b)(2)	Percentage of guarantee			occasion
4279.125(c)	Interest rate change	Letter	20	on	20	0.5	10.0	$36	$360.00
				occasion
4279.131 &	Credit quality analysis	Written	600	on	600	2.5	1,500.0	$36	$54,000.00
4279.161(b)(10)		documentation		occasion
4279.136(a)	Hazard insurance	Assignment	25	on	25	1.5	37.5	$36	$1,350.00
				occasion
4279.136(b-c)	Life and worker	Assignment	100	on	100	1.5	150.0	$36	$5,400.00
	compensation insurance			occasion
4279.136(d-e)	Flood and other	Assignment	25	on	25	1.5	37.5	$36	$1,350.00
	insurance			occasion
4279.137	Financial statements	Written	25	on	25	1.0	25.0	$36	$900.00
,4279.161(a)&(b)		report		occasion
4279.144 &	Appraisal reports	Written	50	on	50	8.0	400.0	$36	$14,400.00
4279.161(b)(13)		report		occasion
4279.150 &	Feasibility studies	Written	150	on	150	24.0	3,600.0	$36	$129,600.00
4279.161(b)(15)		report		occasion
4279.161(a)	Preapplication	Letter & written	100	on	100	2.0	200.0	$36	$7,200.00
	requirements	documentation		occasion
4279.161(b) & (c)	Application	Documents &	600	on	600	3.5	2,100.0	$36	$75,600.00
	requirements	other evidence		occasion
4279.167(b)	Planning and performing	Written	150	on	150	4.0	600.0	$36	$21,600.00
	development requirements	Reports		occasion
4279.173(b)	Change in conditions	Letter	100	on	100	1.0	100.0	$36	$3,600.00
	request			occasion
4279.173(c)	Central Contractor	Written	600	on	600	1.0	600.0	$36	$21,600.00
	Registration requirement	evidence		occasion
4279.174(a-b)	Transfer of lender	Letter &	20	on	20	2.0	40.0	$36	$1,440.00
		evidence		occasion
4279.180	Changes in borrower	Letter &	4	on	4	3.0	12.0	$36	$432.00
		evidence		occasion
4279.181(a-b)	Conditions precedent to	Written	550	on	550	2.0	1,100.0	$36	$39,600.00
	issuance of guarantee	evidence		occasion
4279.181(c)	Issuance of Loan Note	Document	550	on	550	1.0	550.0	$36	$19,800.00
	Guarantee			occasion
4279.187	Refusal to execute Loan	Letter/written	10	on	10	2.0	20.0	$36	$720.00
	Note Guarantee	evidence		occasion
Burden from 0570-0016
4287.107(b)	Loan classification	written	800	1	800	0.5	400.0	$36	$14,400.00
4287.107(c)	Agency and lender	written	2,500	1	2,500	1.5	3,750.0	$36	$135,000.00
	conference
4287.107(d)	Financial Reports	written	3,000	1	3,000	2.0	6,000.0	$36	$216,000.00
	and analysis - annually
4287.107(h)	Borrower visits	visit	500	1	500	2.0	1,000.0	$36	$36,000.00
4287.112	Interest rate adjustment	written	50	1	50	0.5	25.0	$36	$900.00
4287.113	Release of collateral	written	100	1	100	2.0	200.0	$36	$7,200.00
4287.123	Subordination of lien	written	350	1	350	2.0	700.0	$36	$25,200.00
	position
4287.124	Alterations of Loan	written	5	1	5	1.5	7.5	$36	$270.00
	Instuments
4287.134	Transfer and	written	25	1	25	3.5	87.5	$36	$3,150.00
	assumption
4287.134(a)	Credit reports	written	40	1	40	0.5	20.0	$36	$720.00
4287.134(c)(g)	Appraisal reports	written	300	1	300	1.0	300.0	$36	$10,800.00
4287.135	Substitution of lender	written	20	1	20	1.0	20.0	$36	$720.00
4287.145(a)	Default by Borrower	visit	120	1	120	1.0	120.0	$36	$4,320.00
4287.145(b)	Curative Actions	written	350	1	350	1.5	525.0	$36	$18,900.00
4287.156	Protective advances	written	120	1	120	1.0	120.0	$36	$4,320.00
4287.157(d)	Liquidation plan	written	120	1	120	6.0	720.0	$36	$25,920.00
		document
4287.157(f)	Acceleration	written	120	1	120	0.5	60.0	$36	$2,160.00
4287.157(h)	Accounting and reports	written report	120	4	480	0.5	240.0	$36	$8,640.00
4287.180	Termination of	written	200	1	200	0.5	100.0	$36	$3,600.00
	guarantee
REPORTING REQUIREMENTS - FORMS
4279.132	Unconditional Guarantee	Form 4279-14		on
			650	occasion	650	0.5	325.0	$36	$11,700.00
4279.161(b)(1)	Application for Loan	Form 4279-1	600	on	600	4.0	2,400.0	$36	$86,400.00
	Guarantee (B&I)			occasion
4279.161(a)(3) &	Certification of Non-	Form 4279-2	20	on	20	2.0	40.0	$36	$1,440.00
4279.161(b)(2)	Relocation & Market			occasion
	Capacity Report
4279.173	Conditional	Form 4279-3	575	on	575	1.5	862.5	$36	$31,050.00
	Commitment			occasion
4279.181(a)	Lenders Agreement	Form 4279-4	350	on	350	2.0	700.0	$36	$25,200.00
				occasion
4279.181(c)	Assignment Guarantee	Form 4279-6	400		400	0.33	132.0	$36	$4,752.00
	Agreement
4287.133	Unconditional Guarantee	Form 4279-14	25	1	25	0.5	12.5	$36	$450.00
4287.134(a)
4287.145(a)	Guaranteed Loan	Form 1980-44	250	12	3,000	0.33	990.00	$36	$35,640.00
	Delinquent Status Borrower
4287.107(a)	Guaranteed Loan Status	Form 1980-41	3,000	2	6,000	0.33	1,980.0	$36	$71,280.00
	Report
TOTALS					24,976		33,763.00		$1,215,468.00
REPORTING REQUIREMENTS - FORMS/BURDEN APPROVED UNDER OTHER ICR's
4287.157(i)	Lender's Guaranteed Loan Payment to USDA	Form 1980-43
		(0575-0137)	100	12	1,200	0.50	600.0	$36	$21,600.00
4287.158(c)	Loan Note Guarantee	Form 449-30
	Report of Loss	(0575-0137)	100	1	100	25.00	2,500.0	$36	$90,000.00
4279.161(b)(3)	Request for	1940-20	250	1	250	6.0	1,500.0	$36	$54,000.00
	Environmental Review	(0575-0094)
4279.181(a)	Guaranteed Loan	1980-19	550	1	550	1.0	550.0	$36	$19,800.00
	Closing Report	(0575-0137)
TOTAL DOCKET			3,675*		24,976		33,763.00		$1,215,468.00
*This includes respondents with currently serviced loans, new loan applicants, and eligle lender applicants.
3,000 serviced loans
650 new applicants (includes possibility of multiple owners)
25 eligible lenders

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Sheet 2: Federal Cost

COST TO THE FEDERAL GOVERNMENT
		No. of
Activity	Number	Hours	Rate	TOTAL
Exception authority	5	3.0	$27.00	$405
Appeals	10	16.0	$27.00	$4,320
Lender eligibility	50	4.0	$27.00	$5,400
determination, and
monitoring
Secondary Market	300	1.0	$27.00	$8,100
activities
Replacement of	2	2.0	$27.00	$108
documents
Review preapplication	100	4.0	$27.00	$10,800
material
Assigning of Loan Priority	600	0.5	$27.00	$8,100
Points
Review application &	600	20.0	$27.00	$324,000
lender analysis; site
visit, negotiations, &
env. assessment
Approve loan and	575	2.0	$27.00	$31,050
obligate funds
Review documents and	550	4.0	$27.00	$59,400
issue guarantee
Financial Statement	3,000	3.0	$27.00	$243,000
Review
Servicing Actions	1,560	4.0	$27.00	$168,480
Borrower/lender visits	3,500	3.0	$27.00	$283,500
ANNUALIZED TOTAL				$1,146,663
The reviews are typically completed by GS-11 & 12 State Loan Specialists and GS-13
State Program Directors. The loans are typically approved by the State Director.
The GS-8 or 9 State Loan Technician typically does the data entry in the computer system.

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Sheet 3: Changes from 0570-0017

CHANGES IN BURDEN - 0570-0017
Section of		Previous	New
Regulations	Title	Burden	Burden	Difference
4279.113(y)	Financing housing	30.0	-	(30.0)
	development sites
4279.119	Loan guarantee limits	2.5	2.5	-
(a)(1)(ii)	Loan amount
4279.119	Loan guarantee limits	-	17.5	17.5
(b)(2)	Percentage of guarantee
4279.125(c)	Interest rate change	10.0	10.0	-
4279.131 &	Credit quality analysis	1,500.0	1,500.0	-
4279.161(b)(10)
4279.136(a)	Hazard insurance	37.5	37.5	-
4279.136(b-c)	Life and worker	150.0	150.0	-
	compensation insurance
4279.136(d-e)	Flood and other	37.5	37.5	-
	insurance
4279.137 &	Financial statements	5.0	25.0	20.0
4279.161(a)&(b)
4279.144 &	Appraisel reports	100.0	400.0	300.0
4279.161(b)(13)
4279.150 &	Feasibility studies	4,320.0	3,600.0	(720.0)
4279.161(b)(15)
4279.161(a)	Preapplication	200.0	200.0	-
	requirements
4279.161(b) & (c)	Application	2,100	2,100.0	-
	requirements
4279.167	Planning and performing	800.0	600.0	(200.0)
	development requirements
4279.173(b)	Change in conditions	-	100.0	100.0
	request
4279.173(c)	Central Contractor	-	600.0	600.0
	Registration requirement
4279.174(a-b)	Transfer of Lender	20.0	40.0	20.0
4279.180	Changes in borrowers	4.0	12.0	8.0
4279.181(a-b)	Conditions precedent to	1,100.0	1,100.0	-
	issuance of guarantee
4279.181(c)	Issuance of Loan Note	550.0	550.0	-
	Guarantee
4279.187	Refusal to execute Loan	30.0	20.0	(10.00)
	Note Guarantee
4279.132	Form 4279-14 - Unconditional guarantee	275.0	325.0	50.0
4279.161(b)(1)	Form 4279-1 - Application for Loan Guarantee (B&I)	555.0	2,400.0	1,845.00
4279.161(a)(3) & (b)(2)	Form 4279-1A - Application for Loan Guarantee (B&I One-Doc)	50.0	-	(50.0)
4279.161(a)(3) & (b)(2)	Form 4279-2 - Certification of non-Relocation & Market Capacity Report	40.0	40.0	-
4279.173	Form 4279-3 - Conditional Commitment	862.5	862.5	-
4279.181(a)	Foirm 4279-4 - Lenders Agreement	700.0	700.0	-
42797.181(c)	Form 4279-6 - Assignment Guarantee Agreement	200.0	200.0	-
TOTAL DOCKET		13,679	15,629.50	1,950.50
		Total previous burden	13,679
		Total new burden	15,630
		Total difference	1,951

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Sheet 4: Changes from 0570-0016

CHANGES IN BURDEN - 0570-0016
Section of		Previous	New
Regulations	Title	Burden	Burden	Difference
4287.107(b)	Loan classification	550.0	400.0	(150.00)
4287.107(c)	Agency and lender	570.0	3,750.0	3180.00
	conference
4287.107(d)	Financial Reports	2,200.0	-	(2200.00)
	and analysis - quarterly
4287.107(d)	Financial Reports	7,500.0	6,000.0	(1500.00)
	and analysis - annually
4287.107(h)	Borrower visits	3,260.0	1,000.0	(2260.00)
4287.112	Interets rate adjustment	28.0	25.0	(3.00)
4287.113	Release of collateral	220.0	200.0	(20.00)
4287.123	Subordination of lien	440.0	700.0	260.00
4287.124	Alterations of Loan	165.0	7.5	(157.50)
	Instuments
4287.134	Transfer and	77.0	87.5	10.50
	assumption
4287.134(a)	Credit report	22.0	20.0	(2.00)
4287.134(c) - (g)	Appraisal reports	44.0	300.0	256.00
4287.135	Substitution of lender	22.0	20.0	(2.00)
4287.145(a)	Default by Borrower	130.0	120.0	(10.00)
4287.145(b)	Curative Actions	315.0	525.0	210.00
4287.156	Protective advances	272.0	120.0	(152.00)
4287.157(d)	Liquidation plan	780.0	720.0	(60.00)
4287.157(f)	Acceleration	65.0	60.0	(5.00)
4287.157(h)	Accounting and reports	260.0	240.0	(20.00)
4287.18	Termination of	272.0	100.0	(172.00)
	guarantee
4287.107(a)	Form 1980-41 - Guaranteed Loan Status Report	2,508.0	1980.0	(528.00)
4287.134(a)-(g)	Form 4279-14 -Unconditional Guarantee	-	12.5	12.50
4287.145(a)	Form 1980-44 - Guaranteed Loan Borrower Default Status	752.0	990.0	238.00
Total Docket		20,452	17,377.50	(3074.50)
			Total previous burden	20,452
			Total new burden	17,378
			Total difference	(3,075)

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Sheet 5: Changes from 0570-0018

CHANGES IN BURDEN from OMB No. 0570-0018
Section of		Previous	New
Regulations	Title	Burden	Burden	Difference
4279.16	Appeals	120.0	120	-
4279.29	Eligible lenders	250.0	300	50
4279.43	Certified lender program	360.0	-	(360)
4279.43(f)(1)	Funds reservation	120.0	-	(120)
4279.75	Sale or assignment of	150.0	150	-
	guaranteed loan
4279.78	Repurchase from	250.0	250	-
	holder
4279.84	Replacement of	4.0	4	-
	document
CHANGES IN BURDEN - FORMS
4279.43(c)	Certified Lender Program - Form 4279-8	15	-	(15)
DOCKET TOTAL		1,269	824	(445)
	Total previous burden	1,269
	Total new burden	824
	Total difference	(445)