Financial Disclosure for Reasonable and Affordable Rehabilitation Payments Form

Forms and Documents

Document Name	Status
Form 1845-0000 Financial Disclosure for Reasonable and Affordable Rehabilitation Payments Form Form and Instruction	New
NPRM072913e.pdf Supplementary Document	2013-07-30
Supp Statement RAAR form 06 27 13.docx Supporting Statement A	2013-06-27

IC Document Collections

IC ID	Document Title	Status
207947	Financial Disclosure for Reasonable and Affordable Rehabilitation Payments Form Form and Instruction	New

ICR Details

OMB Control No: 1845-0120	ICR Reference No: 201307-1845-006
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: ED/FSA	Agency Tracking No: 1981.01
Title: Financial Disclosure for Reasonable and Affordable Rehabilitation Payments Form
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 09/10/2013
	Date Received in OIRA: 07/30/2013
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Resubmit when proposed rule is finalized.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The proposed regulations require that a defaulted Direct Loan or the Federal Family Educational Loan (FFEL) program borrower submit his or her request for loan rehabilitation on a form as approved by the Secretary. The approved form would collect information about the borrower (an spouse, if applicable) in order for the loan holder to make a determination of the reasonable and affordable loan rehabilitation monthly repayment amount.

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Authorizing Statute(s): US Code: 20 USC 1078-6 Name of Law: null
   US Code: 20 USC 1087a et seq. Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1840-AD12	Proposed rulemaking	78 FR 45617	07/29/2013

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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
Financial Disclosure for Reasonable and Affordable Rehabilitation Payments Form	1845-0000	Financial Disclosure for Reasonable and Affordable Rehabilitation Payments

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This is a new information collection request. The proposed regulations provide for a new form approved by the Secretary to be used for the standardized collection of data used to determine the loan rehabilitation monthly repayment amount.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 07/30/2013

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