Billing Code: 8026-09
SMALL BUSINESS ADMINISTRATION
Reporting and Recordkeeping Requirements under OMB Review
AGENCY: Small Business Administration.
ACTION: 30-day notice.
SUMMARY: The Small Business Administration (SBA) is seeking approval from the
Office of Management and Budget (OMB) for the information collection described
below. In accordance with the Paperwork Reduction Act and OMB procedures, SBA is
publishing this notice to allow all interested member of the public an additional 30 days
to provide comments on the proposed collection of information.
DATES: Submit comments on or before [INSERT DATE 30 DAYS AFTER THE
DATE OF PUBLICATION IN THE FEDERAL REGISTER]
ADDRESSES: Written comments and recommendations for this information collection
request should be sent within 30 days of publication of this notice to www.reginfo.gov/
public/do/PRAMain. Find this particular information collection request by selecting
“Small Business Administration”; “Currently Under Review,” then select the “Only
Show ICR for Public Comment” checkbox. This information collection can be identified
by title and/or OMB Control Number.
FOR FURTHER INFORMATION CONTACT: You may obtain a copy of the
information collection and supporting documents from the Agency Clearance Office at
Curtis.Rich@sba.gov; (202) 205-7030, or from www.reginfo.gov/public/do/PRAMain
SUPPLEMENTARY INFORMATION: This PRA submission is for SBA Form 770
(OMB Control No. 3245-0012), Financial Statement of Debtor. The primary purpose for
collecting this information is to evaluate the debtor’s financial capacity to repay the debt
owed to the Agency and determine to what extent the Agency may compromise the debt,
maximize recovery, and protect the interests of the Agency. Forms are to be completed

and signed by the obligor and then submitted to the lender or Forms are to be completed
and signed by the Borrower/Obligor and then submitted to the SBA Disaster Loan
Servicing Center handling the account.

Solicitation of Public Comments:
Comments may be submitted 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.
OMB Control Number 3245-0012
Title: Financial Statement of Debtor
Description of Respondents:

SBA Borrowers

SBA Form Number: SBA Form 770
Estimated Number of Respondents: 5,000
Estimated Annual Responses: 5,000
Estimated Annual Hour Burden: 5,000

Curtis Rich,
Agency Clearance Officer.
[FR Doc. 2024-13683 Filed: 6/20/2024 8:45 am; Publication Date: 6/21/2024]