Guaranty Agency Monthly Claims and Collections Report

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
21902	Guaranty Agency Monthly Claims and Collections Report Form	Migrated

ICR Details

OMB Control No: 1840-0582	ICR Reference No: 199708-1840-002
Status: Historical Active	Previous ICR Reference No: 199408-1840-002
Agency/Subagency: ED/OPE	Agency Tracking No:
Title: Guaranty Agency Monthly Claims and Collections Report
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/1997
	Date Received in OIRA: 08/27/1997
Terms of Clearance: Approved consistent with the 9/12/97 terms of clearance for NSLDS (OMB# 1840-0689). To clarify, 1) ED will brief OMB on its Data Quality Initiative; 2) ED will introduce the common identifier by January 1999 unless budget constraints force a delay, in which case ED shall report on the status of this initiative as part of its next clearance request; 3) Any changes to the (NSLDS) system that require changes in burden estimates shall be properly accounted for under the PRA. ED will complete its analysis of the new status codes by the end of FY 1998; 4) ED will develop an EDI schedule through EASI by the end of FY 1998; 5) ED shall consult with respondents on the potential overlap between NSLDS and forms 1130, 799 and 1189. All revisions to eliminate duplication will be made as soon as possible but no later than the end of FY 1998; 6) ED will complete its assessment of NSLDS to ensure Year 2000 compliance by December 1997, and will correct any deficiencies by September 1998. ED shall report on its progress in this area as part of its regular quaterly reporting to OMB on system changes for Year 2000 compliance. In addition, and consistent with term #5 above, ED will complete its efforts to combine forms 1189, 1130, and 704 as soon as possible but not later than the end of FY 1998. Accordingly, this approval expires in September 1998.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/1998	10/31/1998	11/30/1997
Responses	444	0	576
Time Burden (Hours)	2,220	0	2,880
Cost Burden (Dollars)	0	0	0

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Abstract: The ED form 1189 is used by a guaranty agency to request payments of reinsurance for default, bankruptcy, death, disability claims paid to lenders and for costs incurred for SPA, closed school, false certification, and lender of last resort and lender referral fee payments. Agencies use the form to make payments owed to ED for collections on defaulted loans.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Guaranty Agency Monthly Claims and Collections Report	ED-1189

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ICR Summary of Burden

	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	444	576	0	0	-132	0
Annual Time Burden (Hours)	2,220	2,880	0	0	-660	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/27/1997

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