Publication Date: November 20, 2009
Posted Date: November 20, 2009
Subject: Federal Family Education Loan (FFEL) Program: Federal Consolidation Loan Application and Promissory Note and Related Documents
FR Type: Notice
[Federal Register: November 20, 2009 (Volume 74, Number 223)] [Notices] [Page 60247] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr20no09-50] [[Page 60247]] ----------------------------------------------------------------------- DEPARTMENT OF EDUCATION Notice of Proposed Information Collection Requests AGENCY: Department of Education. SUMMARY: The Acting Director, Information Collection Clearance Division, Regulatory Information Management Services, Office of Management, 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 January 19, 2010. 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 Acting Director, Information Collection Clearance Division, Regulatory Information Management Services, Office of Management, 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: November 17, 2009. James Hyler, Acting Director, Information Collection Clearance Division, Regulatory Information Management Services, Office of Management. Federal Student Aid Type of Review: Extension. Title: Federal Family Education Loan (FFEL) Program: Federal Consolidation Loan Application and Promissory Note and Related Documents. Frequency: On occasion. Affected Public: Individuals or households; Private Sector. Reporting and Recordkeeping Hour Burden: Responses: 84,705. Burden Hours: 117,527. Abstract: The Federal Consolidation Loan Application and Promissory Note serves as the means by which a borrower applies for a Federal Consolidation Loan and promises to repay the loan. Related documents included as part of this collection are (1) Additional Loan Listing Sheet (provides additional space for a borrower to list loans that he or she wishes to consolidate, if there is insufficient space on the Federal Consolidation Loan Application and Promissory Note); (2) Request to Add Loans (serves as the means by which a borrower may add other loans to an existing Federal Consolidation Loan within a specified time period); and (3) Loan Verification Certificate (serves as the means by which a consolidating lender obtains the information needed to pay off the holders of the loans that the borrower wants to consolidate). Requests for copies of the proposed information collection request may be accessed from http://edicsweb.ed.gov, by selecting the ``Browse Pending Collections'' link and by clicking on link number 4175. When you access the information collection, click on ``Download Attachments'' to view. Written requests for information should be addressed to U.S. Department of Education, 400 Maryland Avenue, SW., LBJ, Washington, DC 20202-4537. Requests may also be electronically mailed to ICDocketMgr@ed.gov or faxed to 202-401-0920. Please specify the complete title of the information collection when making your request. Comments regarding burden and/or the collection activity requirements should be electronically mailed to ICDocketMgr@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. E9-27958 Filed 11-19-09; 8:45 am] BILLING CODE 4000-01-P