Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Lender's Application Process (LAP).

Publication Date: September 2002

Page Numbers: 58406

Lender's Application Process (LAP).


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
November 15, 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.

    Dated: September 11, 2002.
John Tressler,
Leader, Regulatory Information Management Group, Office of the Chief
Information Officer.

Federal Student Aid

    Type of Review: Extension.
    Title: Lender's Application Process (LAP).
    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: 121. Burden Hours: 20.
    Abstract: The Lender's Application Process is submitted by
lenders who are eligible for reimbursement of interest and special
allowance, as well as Federal Insured Student Loan (FISL) claims
payment, under the Federal Family Education Loan Program. The
information will be used by ED to update Lender Identification
Numbers (LIDs) lender's names, addresses with 9-digit zip codes, and
other pertinent information.
    Requests for copies of the proposed information collection
request may be accessed from, by selecting
the ``Browse Pending Collections'' link and by clicking on link
number 2148. When you access the information collection, click on
``Download Attachments `` to view. Written requests for information
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
. Requests may also be electronically mailed to the e-
mail 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 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. 02-23470 Filed 9-13-02; 8:45 am]

Last Modified: 09/15/2002