Part 601 - Institution and Lender Requirements Relating to Education Loans

ICR 200911-1845-001

OMB: 1845-0100

Federal Form Document

Forms and Documents
ICR Details
1845-0100 200911-1845-001
Historical Active
ED/FSA 4048
Part 601 - Institution and Lender Requirements Relating to Education Loans
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 01/05/2010
Retrieve Notice of Action (NOA) 11/13/2009
  Inventory as of this Action Requested Previously Approved
01/31/2013 36 Months From Approved
117,162 0 0
43,938 0 0
0 0 0

Part 601 - Institution and Lender Requirements Relating to Education Loans is a new section of the final regulations governing private education loans offered at covered institutions by lenders also participating in the FFEL program. These final regulations provide for new Perkins loan cancellations. These final regulations assure the Secretary that the integrity of the program is protected from fraud and misuse of program funds and places requirements on institutions and lenders to insure that borrowers receive additional disclosures about Title IV, HEA program assistance prior to obtaining a private education loan.

US Code: 20 USC 1019-1019d Name of Law: Higher Education Act of 1965, as amended
  
US Code: 20 USC 674.53 Name of Law: HEOA

1840-AC95 Final or interim final rulemaking 74 FR 55626 10/28/2009

  74 FR 44356 08/28/2009
74 FR 56824 11/03/2009
No

  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 117,162 0 117,162 0 0 0
Annual Time Burden (Hours) 43,938 0 43,938 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The implementation of the final regulations as a result of the Negotiated Rulemaking process created additional information collections burden.

No
No
Uncollected
Uncollected
No
Uncollected
Dan Klock 202 377-4026

  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.
11/13/2009


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