In accordance
with 5 CFR 1320, the information collection is approved for three
years. However, the Agency is reminded that subsequent submission
should represent burden in terms of hours in response to question
12 (burden is currently reported in dollars) and the corresponding
cost in dollars in response to question 13 (no cost is currently
reported here).
Inventory as of this Action
Requested
Previously Approved
01/31/2018
36 Months From Approved
01/31/2015
6,723
0
4,991
3,259
0
2,291
0
0
0
Forms will be used by the Agency to
obtain bank routing information from the borrower's financial
institutions to establish an electronic loan payment plan.
This package reflects an
increase of 1732 in the number of responses to 6,723; thereby
increasing the number of burden hours by 968 to 3,259 from the
previous submission. This increase is due to an increase in
borrowers and an increase in their ability to benefit from
electronic payments.
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.