Export Bank Streamlines Payment Default Report Form
Published Date: 11/18/2025
Notice
Summary
The Export-Import Bank is updating its Payment Default Report form to make it easier and faster for insured parties and brokers to report late payments. They’re asking for public comments by December 18, 2025, to help reduce paperwork and improve the process. This change saves time—each report now takes about 15 minutes—and affects around 500 people annually.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Shorter Payment-Default Report Time
If you are an EXIM-insured party or an insurance broker, the updated EIB 09-01 Payment Default Report now takes about 15 minutes to complete. EXIM estimates about 500 respondents annually and total annual burden of 125 hours under the new form.
Electronic Submission Replaces Paper
If you are an insured/guaranteed party or an insurance broker, you can submit the Payment Default Report electronically through EXIM Online instead of using paper. The form includes checkboxes and self-populating fields to help speed completion.
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