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

Publication Date: 03-2002
FRPart:
RegPartsAffected: 682.603









Page Numbers: 9721-9722

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

[Federal Register: March 4, 2002 (Volume 67, Number 42)]
[Notices]               
[Page 9721-9722]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04mr02-56]                         

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DEPARTMENT OF EDUCATION

 
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 
May 3, 2002.

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.


[[Page 9722]]


    Dated: February 26, 2002.
John Tressler,
Leader, Regulatory Information Management, Office of the Chief 
Information Officer.

Student Financial Assistance

    Type of Review: Extension.
    Title: Lender's Request for Payment of Interest and Special 
Allowance.
    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 
projections.
    Requests for copies of the proposed information collection request 
may be accessed from http://edicsweb.ed.gov, or should be addressed to 
Vivian Reese, Department of Education, 400 Maryland Avenue, SW, Room 
4050, Regional Office Building 3, Washington, DC 20202-4651 or to the 
e-mail address vivian.reese@ed.gov. Requests may also be electronically 
mailed to the Internet address OCIO_RIMG@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 Joseph Schubart at (202) 708-9266 or 
via his Internet address Joe.Schubart@ed.gov. 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. 02-5010 Filed 3-1-02; 8:45 am]
BILLING CODE 4000-01-P

Last Modified: 03/03/2002