The Preauthorized Debit Account
Brochure and Application (PDA Application) serves as the means by
which an individual with a defaulted federal education debt
(student loan or grant overpayment) that is held by the U.S.
Department of Education (ED) requests and authorizes the automatic
debiting of payments toward satisfaction of the debt from the
borrower's checking or savings account. The PDA Application
explains the automatic debiting process and collects the
individual's authorization for the automatic debiting and the bank
account information needed by ED to debit the individual's
account.
US Code:
15
USC 1601 Name of Law: Consumer Credit Protection Act
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.