2-SOW-Attachmt1-ScheduleofSBAFeesCollectedbyFTA-1pp.docx
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- Fiscal Transfer Agent (FTA) Services for the SBA 7(a) Loan Guaranty Program - 2019 Federal contract opportunity
- Solicitation number
- 73351019C0009
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7 - Attachment 1, SOW - Schedule of SBA Fees Collected - 73351019C0009
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Schedule of SBA Fees Collected by FTA – Attachment 1 Fiscal Transfer Agent (FTA / Contractor) 2019 – 7(a) Loan Guaranty Program
Annual Service Fee: Fee established under §7(a)(23) of the Small Business Act, as amended. This Fee is assessed monthly to Lenders based on a percentage of the reported outstanding guaranteed balance on each 7(a) loan account. The Contractor shall remit this fee to SBA pursuant to the Miscellaneous Receipts Act, 31 U.S.C. Sec. 3302.
7(a) Excess Premium Fee: Fee established under §5(g)(4) of the Small Business Act, as amended. This fee represents one-half of the dollar amount paid to an SBA Lender in a secondary market sale that is in excess of 110% of the face amount of the guarantee interest. The fee deducted from sale proceeds at settlement. The Contractor shall remit this fee to SBA pursuant to the Miscellaneous Receipts Act, 31 U.S.C. Sec. 3302.
| Subsidy Recoupment Fee: | Fee established under §7(a)(4)(C) of the Small Business Act, as | |
| amended. The fee is assessed to an SBA Lender and is based upon | ||
| a full or partial repayment of an SBA loan. Assessment of the fee | ||
| and the amount computed is based upon a formula found in |
13 C.F.R. §120.233. The Contractor shall remit this fee to SBA pursuant to the Miscellaneous Receipts Act, 31 U.S.C. Sec. 3302.
| 7(a) Transfer and | This fee is established in the Pricing Schedule that accompanies | |
| Redemption Fee: | this solicitation. The fee represents SBA’s portion of a fee charged |
to record the transfer or redemption of an SBA Guaranteed Individual Certificate or SBA Pool Certificate. The Contractor shall remit this fee to SBA pursuant to the Miscellaneous Receipts Act, 31 U.S.C. Sec. 3302.
| 7(a) Late Filing Fee: | Fee authorized under §5(b)(12) of the Small Business Act, as | |
| amended. The fee is assessed to Lenders with 7(a) loans sold in | ||
| the secondary market that fail to provide timely transfer of loans. | ||
| The provisions for assessing the fee and determining the amount |
owed is contained in the SBA Form 1086, Secondary Market Participation Agreement. The Contractor shall remit this fee to SBA pursuant to the Miscellaneous Receipts Act, 31 U.S.C. Sec. 3302.
FTA 2019 – Schedule of SBA Fees Collected by FTA Page 1 of 1
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