30810 Federal Register / Vol. 83, No. 126 / Friday, June 29, 2018 / Notices 

16 17 CFR 200.30–3(a)(12). 

1PARRiS refers to the specific risk components 

reviewed for 7(a) Lenders: (i) Portfolio Performance; 

(ii) Asset Management; (iii) Regulatory Compliance; 

(iv) Risk Management; and (v) Special Items. 

2SMART refers to the specific risk components 

reviewed for Certified Development Companies: (i) 

Solvency and Financial Condition; (ii) Management 

and Board Governance; (iii) Asset Quality and 

Servicing; (iv) Regulatory Compliance; and (v) 

Technical Issues and Mission. 

3SBLCs and NFRLs are defined in 15 U.S.C. 

632(r) and 13 CFR 120.10. 

4Safety and Soundness Examinations are only 

performed on SBA Supervised Lenders in the 7(a) 

program. SBA Supervised Lenders include SBA 

licensed Small Business Lending Companies and 

Non-Federally Regulated Lenders as defined in 13 

CFR 120.10. Analytical Reviews and Full Reviews 

are performed on 7(a) Lenders and CDCs. 

5For purposes of this notice, Third-party vendors 

include, for example, Loan Agents (e.g., Packagers 

and Lender Service Providers) and Professional 

Managers with management contracts. 

6FTA refers to SBA’s Fiscal and Transfer Agent. 

7(a) Lenders that sell SBA loans in the Secondary 

Market are required by the terms of the Form 1086, 

Secondary Participation Guaranty Agreement, to 

deposit the guaranteed portion of loan payments in 

a segregated account for the benefit of investors. 

7SBA Supervised Lenders are a relatively small 

subset of 7(a) Lenders. 7(a) Lenders include SBA 

Supervised Lenders and Federally Regulated 7(a) 

Lenders (i.e., those lenders regulated by the federal 

bank regulators—Federal Deposit Insurance 

Corporation, the Office of the Comptroller of the 

Currency, the Federal Reserve Board, the National 

Credit Union Administration, and the Farm Credit 

Administration). 

inspection and copying at the principal 

office of the Exchange. All comments 

received will be posted without change. 

Persons submitting comments are 

cautioned that we do not redact or edit 

personal identifying information from 

comment submissions. You should 

submit only information that you wish 

to make available publicly. All 

submissions should refer to File 

Number SR–NYSEAMER–2018–33 and 

should be submitted on or before July 

20, 2018. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.16

Eduardo A. Aleman, 

Assistant Secretary. 

[FR Doc. 2018–13979 Filed 6–28–18; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

Data Collection Available for Public 

Comments 

ACTION: 60-Day notice and request for 

comments. 

SUMMARY: The Paperwork Reduction Act 

(PRA) requires federal agencies to 

publish a notice in the Federal Register 

concerning each proposed collection of 

information before submitting it to OMB 

for approval, and to allow 60 days for 

public comment in response to the 

notice. SBA initially published this 

required notice on April 2, 2018. SBA 

is republishing the notice to address the 

two comments it received requesting 

greater detail on the information to be 

collected and to provide an additional 

60 days for public comment. 

DATES: Submit comments on or before 

August 28, 2018. 

ADDRESSES: Send all comments to 

Adrienne Grierson, Deputy Director, 

Office of Credit Risk Management, 

Small Business Administration, at 

lender.oversight@sba.gov. 

FOR FURTHER INFORMATION CONTACT: 

Adrienne Grierson, Deputy Director, 

Office of Credit Risk Management at 

lender.oversight@sba.gov or 202–205– 

6573, or Curtis B. Rich, Management 

Analyst, 202–205–7030, curtis.rich@

sba.gov. 

SUPPLEMENTARY INFORMATION: SBA’s 

Office of Credit Risk Management 

(OCRM) is responsible for the oversight 

and supervision of the SBA operations 

of approximately 4000 7(a) Lenders, 

Certified Development Companies 

(‘‘CDCs’’), and Microloan Intermediaries 

(‘‘Intermediaries’’), that participate in 

SBA’s business loan programs and, for 

enforcement of the applicable rules and 

regulations. Currently, the agency 

guarantees more than $90 billion dollars 

in small business loans through these 

programs. The information collection 

described in detail below helps OCRM 

protect the safety and soundness of the 

business loan programs and taxpayer 

dollars. 

In general, SBA collects information 

in connection with PARRiS 1 reviews for 

7(a) Federally-regulated Lenders, 

SMART2 reviews for CDCs, and PARRiS 

Safety and Soundness Examinations for 

SBA Supervised Lenders including 

Small Business Lending Companies 

(SBLCs) and Non-Federally Regulated 

Lenders (NFRLs).3 SBA also requests 

certain information when it conducts 

Delegated Authority Reviews of 7(a) 

Lenders and CDCs, and Microloan 

Intermediary Site Visits. The discussion 

below identifies the nature of the 

information to be collected for each type 

of lender and the related review or 

examination. In addition, SBA has 

created separate lists, which are also 

discussed below, to clearly identify the 

information to be collected. 

I. 7(a) Lender and CDC PARRIS and 

SMART Analytical and Full Reviews 

and Safety and Soundness Exams 

A. Common Information Collected 

For all Analytical Reviews, Full 

Reviews, and Safety and Soundness 

examinations 4 of 7(a) lenders and CDCs, 

as applicable, in general, SBA requests 

information related to the lender’s or 

CDC’s management and operation, 

eligibility of its SBA loans for SBA 

guaranty, compliance with SBA Loan 

Program Requirements, credit 

administration, and performance of its 

SBA loan portfolio. 

1. Management and Operations: The 

information requested generally 

includes the SBA program organization 

chart with responsibilities, business 

plan, financial and program audits, 

evidence of lender compliance with 

regulatory orders and agreements (if 

applicable and as appropriate), and staff 

training on SBA lending. 

2. Eligibility and Credit 

Administration: In reviewing these 

areas, SBA primarily requests lender’s 

or CDC’s policies, loan sample files; 

independent loan reviews; loan credit 

scoring and risk rating methodologies; 

and information on loans approved as 

exceptions to policy. 

3. Compliance with Loan Program 

Requirements: Here, SBA collects 

information on services and fees 

charged for Third-party vendors,5

lender’s FTA 6 trust account, and 

lender’s use of the System of Awards 

Management to perform agent due 

diligence. 

4. Portfolio Performance: In 

considering lender or CDC portfolio 

performance, SBA requests that lenders 

provide a listing of loans indicating 

those past due, those with servicing 

actions, individual risk ratings, and 

those in liquidation or purchased for 

SBA to compare with SBA data. SBA 

also requests that lenders provide an 

explanation for risks identified (e.g., 

identified by high risk metrics or 

PARRiS flags triggered). 

Further detail on the information SBA 

collects in Analytical and Full Reviews 

and Safety and Soundness Exams is 

contained in the SBA Supervised 

Lender Safety and Soundness 

Examination/Full Review Information 

Request; 7(a) Lender PARRiS Analytical 

Review Information Request; CDC 

SMART Analytical Review Information 

Request; 7(a) Lender PARRiS Full 

Review Information Request; and, CDC 

SMART Full Review Information 

Request. Each Information Request 

document is available upon request. 

B. SBA Supervised Lender 

Supplemental Information for Safety 

and Soundness Exams 

SBA is the primary federal regulator 

for SBA licensed SBLCs and NFRLs that 

participate in the 7(a) program.7


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 126 / Friday, June 29, 2018 / Notices 30811 

8Through SBA’s Delegated Authority programs, 

qualified lenders may process SBA loans with 

further autonomy and reduced paperwork than 

through regular SBA loan processing. 9Other Reviews may include, for example, 

Secondary Market loan reviews, reviews of lender 

self-assessments, or Agreed Upon Procedures 

Reviews performed by third-party practitioners or 

an independent office within the Lender to which 

SBA and the Lender agree, that follow a review 

protocol as prescribed or approved by SBA. 

Because SBA is the primary federal 

regulator, SBA performs comprehensive 

exams that require information in 

addition to that referenced in Section 

I.A. Specifically, for SBA Supervised 

Lender examinations, SBA additionally 

requests corporate governance 

documents and information on the 

lender’s financial condition, internal 

controls and risk mitigation. SBA also 

requests information on higher risk 

loans, payments related to loans in loan 

sample, fidelity insurance, credit 

scoring model validation and lender 

self-testing for compliance with SBA 

Loan Program Requirements. SBA 

Supervised Lender safety and 

soundness examinations include review 

of capital, earnings, and liquidity in 

accordance with 13 CFR 120.1050(b) 

and accordingly, SBA requests 

information on the lender’s financing, 

asset account calculations, and dividend 

policy. Further detail on the information 

that SBA requests for SBA Supervised 

Lender examinations is contained in 

SBA Supervised Lender Safety and 

Soundness Examination/Full Review 

Information Request. This document is 

available upon request. 

C. CDC Supplemental Information 

SBA is also the primary federal 

regulator for CDCs. SBA guarantees 

100% of 504 program debentures. 

Therefore, SBA also requests additional 

information to prudently oversee CDCs, 

as it does for SBA Supervised Lenders. 

The additional information generally 

requested includes corporate 

governance documents and information 

on lender’s financial condition, internal 

controls and risk mitigation practices, 

and the CDC’s plan for investment in 

other local economic development. In 

addition, SBA requests, as applicable, 

information on a CDC’s Premier 

Certified Lenders Program (PCLP) Loan 

Loss Reserve Account and loans that a 

CDC packages for other 7(a) lenders. 

You may request a copy of the CDC 

SMART Analytical Review Information 

Request and CDC SMART Full Review 

Information Request for more details on 

this supplemental information request. 

I. 7(a) Lender and CDC Delegated 

Authority Reviews 

SBA collects information for 

Delegated Authority Reviews 

performed, in general, every two years 

for lenders applying or reapplying to 

SBA’s Delegated Authority Programs 

(e.g., Preferred Lender Program for 7(a) 

Lenders and Accredited Lender Program 

or PCLP for CDCs).8 If a lender is 

scheduled to receive an Analytical or 

Full Review or a Safety and Soundness 

Examination during the same review 

cycle as a Delegated Authority Review, 

generally SBA will coordinate the 

timing of the reviews and the related 

information collections to lessen the 

burden. 

For 7(a) delegated authority reviews, 

SBA requests information on 

organizational changes, staff training 

and experience, lender explanation for 

risk indicators triggered, lender risk 

mitigation efforts, lender’s financial 

condition, lender’s deficiencies 

underlying regulatory orders (if 

applicable and as appropriate), and loan 

sample files (as requested). 

For CDC delegated authority reviews, 

SBA requests corporate governance 

documents and additional information 

on organization/staff, financial 

condition, internal controls and risk 

mitigation. SBA also requests a CDC’s 

policies including its no-adverse-change 

determination, loan reviews, and lender 

explanation for its higher risk metrics. 

For more detail on Delegated 

Authority Review collections, you may 

request a copy of the 7(a) Lender 

Nomination for Delegated Authority 

Information Request; and, the ALP/ 

PCLP Renewal Guide and Information 

Request. 

II. Microloan Intermediary Reviews 

For Microloan Program Intermediary 

oversight, SBA District Offices perform 

an annual site visit for active 

Intermediaries. SBA requests 

information on SBA program 

management and operations including 

organizational chart with 

responsibilities, business plan, staff 

training on SBA lending, and risk 

mitigation practices. SBA primarily 

reviews the Intermediary’s credit 

administration through a loan sample 

file request. Specifics on the 

information collected are contained in 

SBA’s Microloan Intermediary Site 

Visit/Review Information Request 

document, a copy of which is available 

upon request. 

III. Other Reviews, Corrective Action 

Plans, and Increased Supervision for 

7(a) Lenders, CDCs, and Intermediaries 

SBA may pose additional information 

requests for its Other Reviews,9

generally of higher risk lenders. For 

example, for 7(a) lenders under a public 

regulatory order or agreement, SBA may 

request information relating to the status 

of the underlying deficiencies, as 

appropriate, or request loan files for 

SBA to review to mitigate risk before the 

loan can be sold into the secondary 

market. SBA may also request corrective 

action plans from lenders following 

reviews where findings and deficiencies 

are identified. Finally, SBA may request 

additional information of lenders under 

increased supervision. However, 

information requests for increased 

supervision tend to be lender specific. 

In general, for information that has 

already been provided by a 7(a) lender, 

a CDC, or a Microloan Intermediary but 

is unchanged, a lender may certify that 

the information was already provided 

and is unchanged in lieu of resubmitting 

the information. The certification must 

also state to whom and on what date the 

information was provided to SBA. 

Summary of Information Collection: 

Title: SBA Lender and Microloan 

Intermediary Reporting Requirements. 

OMB Control Number: 3245–0365. 

Description of Respondents: SBA 7(A) 

Lenders, Certified Development 

Companies, and Microloan Intermediary 

lenders. 

Form Numbers: N/A. 

Total Estimated Annual Responses: 

1,861. 

Total Estimated Annual Hour Burden: 

14,573. 

Solicitation of Public Comments: SBA 

requests comments on the information 

described above, specifically 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. 

Curtis Rich, 

Management Analyst. 

[FR Doc. 2018–13956 Filed 6–28–18; 8:45 am] 

BILLING CODE 8025–01–P 

SUSQUEHANNA RIVER BASIN 

COMMISSION 

Projects Approved for Minor 

Modifications 

AGENCY: Susquehanna River Basin 

Commission. 

ACTION: Notice. 

SUMMARY: This notice lists the minor 

modifications approved for a previously 


sradovich on DSK3GMQ082PROD with NOTICES