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FFEL The Lender's Interest and Special Allowance Rate (Form 799)

Publication Date: August 30, 2001



Page Numbers: 45843-45844

Summary: FFEL The Lender's Interest and Special Allowance Rate (Form 799)

[Federal Register: August 30, 2001 (Volume 66, Number 169)]
[Page 45843-45844]
From the Federal Register Online via GPO Access []



Submission for OMB Review; Comment Request

AGENCY: Department of Education.
SUMMARY: The Leader, Regulatory Information Management Group, Office of
the Chief Information Officer invites comments on the submission for
OMB review as required by the Paperwork Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before
October 1, 2001.

ADDRESSES: Written comments should be addressed to the Office of
Information and Regulatory Affairs, Attention: Crystal Thomas, Desk
Officer, Department of Education, Office of Management and Budget, 725
17th Street, NW., Room 10202, New

[[Page 45844]]

Executive Office Building, Washington, DC 20503 or should be
electronically mailed to the internet address

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.

Dated: August 24, 2001.
John Tressler,
Leader, Regulatory Information Management, Office of the Chief
Information Officer.

Office of Student Financial Assistance Programs

Type of Review: Extension.
Title: Lender's Request for Payment of Interest and Special
Frequency: Quarterly, Annually.
Affected Public: State, Local, or Tribal Gov't, SEAs or LEAs;
Businesses or other for-profit.
Reporting and Recordkeeping Hour Burden:
Responses: 17,200
Burden Hours: 41,925
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 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 Joseph Schubart at (202) 708-9266 or via his internet
address 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. 01-21901 Filed 8-29-01; 8:45 am]

Last Modified: 08/29/2001