Approved as
amended by ED's 10/31/94 memorandum to OMB. Approval is conditional
on ED's commitment to collect information about collection of
student loans by time cohortthrough the National Student Loan Data
System. ED shall also indicate in the 1189 that HEA Section 428(e)
is the source of information on lender referral fees. Last, we note
that the source of information on repurchase agreements is a
non-regulatory agreement; ED shall include this agreement in future
submission of thi form as the underlying authority for this section
of the form.
Inventory as of this Action
Requested
Previously Approved
11/30/1997
11/30/1997
03/31/1996
576
0
648
2,880
0
2,592
0
0
0
THE GUARANTEE AGENCY MONTHLY CLAIMS
AND COLLECTIONS REPORT (ED FORM 1189) IS USED BY A GUARANTEE AGENCY
TO REQUEST PAYMENTS OF REINSURANCE FOR DEFAULT, BANKRUPTCY, DEATH,
AND DISABILITY CLAIMS PAID TO LENDERS AND FOR COSTS INCURRED FOR
SUPPLEMENTAL PRECLAIMS ASSISTANCE. AN AGEN MAY USE THE FORM TO MAKE
PAYMENTS FOR AMOUNTS DUE ED FOR COLLECTIONS O
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.