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Lender's Interest and Special Allowance Request Form 799

Publication Date: June 6, 2001



Page Numbers: 33533-33534

Summary: Lender's Interest and Special Allowance Request Form 799

[Federal Register: June 22, 2001 (Volume 66, Number 121)]
[Page 33533-33534]
From the Federal Register Online via GPO Access []



Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

SUMMARY: The Leader, Regulatory Information Management Group, Office of 
the Chief Information Officer, invites comments on the proposed 
information collection requests as required by the Paperwork Reduction 
Act of 1995.

DATES: Interested persons are invited to submit comments on or before 
August 21, 2001.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management 
and Budget (OMB) provide interested Federal agencies and the public an 
early opportunity to comment on information collection requests. OMB 
may amend or waive the requirement for public consultation to the 
extent that public participation in the approval process would defeat 
the purpose of the information collection, violate State or Federal 
law, or substantially interfere with any agency's ability to perform 
its statutory obligations. The Leader, Regulatory Information 
Management Group, Office of the Chief Information Officer, publishes 
that notice containing proposed information collection requests prior 
to submission of these requests to OMB. Each proposed information 
collection, grouped by office, contains the following: (1) Type of 
review requested, e.g. new, revision, extension, existing or 
reinstatement; (2) Title; (3) Summary of the collection; (4) 
Description of the need for, and proposed use of, the information; (5) 
Respondents and frequency of collection; and (6) Reporting and/or 
Recordkeeping burden. OMB invites public comment.
    The Department of Education is especially interested in public 
comment addressing the following issues: (1) Is this collection 
necessary to the proper functions of the Department; (2) will this 
information be processed and used in a timely manner; (3) is the 
estimate of burden accurate; (4) how might the Department enhance the 
quality, utility, and clarity of the information to be collected; and 
(5) how might the Department minimize the burden of this collection on 
the respondents, including through the use of information technology.

    Dated: June 18, 2001.
John Tressler,
Leader, Regulatory Information Management, Office of the Chief 
Information Office.

Office of Student Financial Assistance Programs

    Type of Review: Extension of a currently approved collection.
    Title: Lender's Request for Payment of Interest and Special 
Allowance (JS)*.
    Frequency: Quarterly, Annually.

[[Page 33534]]

    Affected Public: State, Local, or Tribal Gov't, SEAs or LEAs 
(primary); Businesses or other for-profit.
    Reporting and Recordkeeping Hour Burden:
    Responses: 17200;
    Burden Hours: 41925.
    Abstract: The Lender's Interest and Special Allowance Request (Form 
799) is used by approximately 4,300 lenders participating in the Title 
IV, PART B loan programs. The ED Form 799 is used to pay interest and 
special allowance to holders of the Part B loans; and to capture 
quarterly data from lender's loan portfolio for financial and budgetary 
    Requests for copies of the proposed information collection request 
may be accessed from
, or should be addressed to Vivian Reese, Department of Education, 400 Maryland Avenue, SW., Room 4050, Regional Office Building 3, Washington, DC 20202-4651. Requests may also be electronically mailed to the internet address OCIO_IMG_Issues@ed:gov or faxed to 202-708-9346 Please specify the complete title of the information collection when making your request. Comments regarding burden and/or the collection activity requirements should be directed to Joe Schubart at (202) 708-9266. Individuals who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1-800-877-8339. [FR Doc. 01-15684 Filed 6-21-01; 8:45 am] BILLING CODE 4000-01-U


Last Modified: 06/27/2001