Business Loans and Development Company Loans; Liquidation and Litigation Procedures, 4062 [E6-881]

Download as PDF 4062 Federal Register / Vol. 71, No. 16 / Wednesday, January 25, 2006 / Proposed Rules SMALL BUSINESS ADMINISTRATION 13 CFR Part 120 RIN 3245–AE83 Business Loans and Development Company Loans; Liquidation and Litigation Procedures AGENCY: Small Business Administration (SBA). Proposed rule; notice of reopening of the comment period. cprice-sewell on PROD1PC66 with PROPOSALS ACTION: SUMMARY: On November 3, 2005, SBA published in the Federal Register a proposed rule which establishes procedures for Certified Development Companies (CDCs) that are eligible for, and that request, authority from SBA to handle liquidation and litigation of loans that are funded with the proceeds of debentures guaranteed by the SBA under the 504 business loan program, and rights of appeal from denied applications; provides for new liquidation and debt collection litigation procedures for authorized CDCs and for lenders participating in the 7(a) business loan program (Lenders); establishes procedures for, and restrictions on, the payment by SBA of legal fees and expenses to CDCs and Lenders; requires Lenders to complete all cost-effective debt recovery actions prior to requesting guaranty purchase by SBA; limits to 120 days the number of days of interest that SBA will pay Lenders on 7(a) loans that have gone into default; revises SBA regulations pertaining to loan servicing actions; states that for 7(a) loans approved after the effective date of the rule, a Lender’s consent to SBA’s sale of certain 7(a) loans after guaranty purchase is granted; and clarifies existing regulations regarding the applicability of SBA regulations and loan program requirements, and regarding SBA purchases of guaranties. The proposed rule provided a 60-day comment period closing on January 3, 2006. We are reopening the comment period until February 24, 2006, because we have been informed that, given the time of year, the public needs more time to formulate comments. DATES: Comments on the proposed rule published at 70 FR 66800, November 3, 2005, must be received on or before February 24, 2006. ADDRESSES: You may submit written comments, identified by agency name and RIN 3245–AE83 for this rulemaking, by any of the following methods: Follow instructions for submitting electronic comments through the Federal eRulemaking Portal: https:// VerDate Aug<31>2005 15:04 Jan 24, 2006 Jkt 208001 www.regulations.gov; E-mail: james.hammersley@sba.gov, include RIN number in the subject line of the message; Fax: (202) 481–2381; Mail or Hand Delivery/Courier: James Hammersley, Acting Assistant Administrator, Office of Portfolio Management, Small Business Administration, 409 Third Street, SW., Washington, DC 20416. Dated: January 19, 2006. Michael W. Hager, Associate Deputy Administrator for Capital Access. [FR Doc. E6–881 Filed 1–24–06; 8:45 am] BILLING CODE 8025–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2006–23675; Directorate Identifier 2001–NM–320–AD] RIN 2120–AA64 Airworthiness Directives; Airbus Model A300 B2–203 and A300 B4–203 Airplanes; Model A300 B4–600, B4– 600R, and F4–600R Series Airplanes, and Model C4–605R Variant F Airplanes (Collectively Called A300– 600 Series Airplanes); and Model A310–200 and –300 Series Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Notice of proposed rulemaking (NPRM). AGENCY: The FAA proposes to supersede an existing airworthiness directive (AD) that affects certain Airbus Model A300 series airplanes and all Model A300–600 and A310 series airplanes. That AD currently requires repetitive inspections of the pitch trim system to detect continuity defects in the autotrim function, and follow-on corrective actions if necessary. For certain airplanes, this proposed AD would also require replacing the flight augmentation computers (FACs) with new improved FACs. This proposed AD also revises the applicability of the existing AD. This proposed AD results from the development of a final action intended to address the unsafe condition. We are proposing this AD to prevent a sudden change in pitch due to an out-of-trim condition combined with an autopilot disconnect, which could result in reduced controllability of the airplane. SUMMARY: We must receive comments on this proposed AD by February 24, 2006. DATES: PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 Use one of the following addresses to submit comments on this proposed AD. • DOT Docket Web site: Go to https:// dms.dot.gov and follow the instructions for sending your comments electronically. • Government-wide rulemaking Web site: Go to https://www.regulations.gov and follow the instructions for sending your comments electronically. • Mail: Docket Management Facility; U.S. Department of Transportation, 400 Seventh Street, SW., Nassif Building, room PL–401, Washington, DC 20590. • Fax: (202) 493–2251. • Hand Delivery: Room PL–401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. For service information identified in this proposed AD, contact Airbus Industrie, 1 Rond Point Maurice Bellonte, 31707 Blagnac Cedex, France. You can examine the contents of this AD docket on the Internet at https:// dms.dot.gov, or in person at the Docket Management Facility, U.S. Department of Transportation, 400 Seventh Street, SW., room PL–401, on the plaza level of the Nassif Building, Washington, DC. FOR FURTHER INFORMATION CONTACT: Tim Backman, Aerospace Engineer, International Branch, ANM–116, FAA, Transport Airplane Directorate, 1601 Lind Avenue, SW., Renton, Washington 98055–4056; telephone (425) 227–2797; fax (425) 227–1149. SUPPLEMENTARY INFORMATION: ADDRESSES: Comments Invited We invite you to submit any written relevant data, views, or arguments regarding this proposed AD. Send your comments to an address listed under ADDRESSES. Include ‘‘Docket No. FAA– 2006–23675; Directorate Identifier 2001–NM–320–AD’’ at the beginning of your comments. We specifically invite comments on the overall regulatory, economic, environmental, and energy aspects of the proposed AD. We will consider all comments received by the closing date and may amend the proposed AD in light of those comments. We will post all comments we receive, without change, to https:// dms.dot.gov, including any personal information you provide. We will also post a report summarizing each substantive verbal contact with FAA personnel concerning this proposed AD. Using the search function of our docket web site, anyone can find and read the comments in any of our dockets, including the name of the individual E:\FR\FM\25JAP1.SGM 25JAP1

Agencies

[Federal Register Volume 71, Number 16 (Wednesday, January 25, 2006)]
[Proposed Rules]
[Page 4062]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-881]



[[Page 4062]]

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SMALL BUSINESS ADMINISTRATION

13 CFR Part 120

RIN 3245-AE83


Business Loans and Development Company Loans; Liquidation and 
Litigation Procedures

AGENCY: Small Business Administration (SBA).

ACTION: Proposed rule; notice of reopening of the comment period.

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SUMMARY: On November 3, 2005, SBA published in the Federal Register a 
proposed rule which establishes procedures for Certified Development 
Companies (CDCs) that are eligible for, and that request, authority 
from SBA to handle liquidation and litigation of loans that are funded 
with the proceeds of debentures guaranteed by the SBA under the 504 
business loan program, and rights of appeal from denied applications; 
provides for new liquidation and debt collection litigation procedures 
for authorized CDCs and for lenders participating in the 7(a) business 
loan program (Lenders); establishes procedures for, and restrictions 
on, the payment by SBA of legal fees and expenses to CDCs and Lenders; 
requires Lenders to complete all cost-effective debt recovery actions 
prior to requesting guaranty purchase by SBA; limits to 120 days the 
number of days of interest that SBA will pay Lenders on 7(a) loans that 
have gone into default; revises SBA regulations pertaining to loan 
servicing actions; states that for 7(a) loans approved after the 
effective date of the rule, a Lender's consent to SBA's sale of certain 
7(a) loans after guaranty purchase is granted; and clarifies existing 
regulations regarding the applicability of SBA regulations and loan 
program requirements, and regarding SBA purchases of guaranties. The 
proposed rule provided a 60-day comment period closing on January 3, 
2006. We are re-opening the comment period until February 24, 2006, 
because we have been informed that, given the time of year, the public 
needs more time to formulate comments.

DATES: Comments on the proposed rule published at 70 FR 66800, November 
3, 2005, must be received on or before February 24, 2006.

ADDRESSES: You may submit written comments, identified by agency name 
and RIN 3245-AE83 for this rulemaking, by any of the following methods: 
Follow instructions for submitting electronic comments through the 
Federal eRulemaking Portal: https://www.regulations.gov; E-mail: 
james.hammersley@sba.gov, include RIN number in the subject line of the 
message; Fax: (202) 481-2381; Mail or Hand Delivery/Courier: James 
Hammersley, Acting Assistant Administrator, Office of Portfolio 
Management, Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416.

    Dated: January 19, 2006.
Michael W. Hager,
Associate Deputy Administrator for Capital Access.
[FR Doc. E6-881 Filed 1-24-06; 8:45 am]
BILLING CODE 8025-01-P
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