Due Diligence by Guaranty Agencies and Lenders

ICR 199612-1840-001

OMB: 1840-0538

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
21878
Migrated
ICR Details
1840-0538 199612-1840-001
Historical Active 199610-1840-011
ED/OPE
Due Diligence by Guaranty Agencies and Lenders
Revision of a currently approved collection   No
Regular
Approved without change 01/17/1997
Retrieve Notice of Action (NOA) 12/03/1996
  Inventory as of this Action Requested Previously Approved
01/31/2000 01/31/2000 11/30/1998
12,809,084 0 12,803,255
22,466,970 0 22,127,139
0 0 0

The due diligence regulations assure that guaranty agencies and lenders pursue collection activities vigorously on delinquent and defaulted loans in the FFELP.

None
None


No

1
IC Title Form No. Form Name
Due Diligence by Guaranty Agencies and Lenders

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 12,809,084 12,803,255 0 5,829 0 0
Annual Time Burden (Hours) 22,466,970 22,127,139 0 339,831 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/03/1996


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