The Department is requesting a
revision of the current information collection. These proposed
Federal Family Education Loan (FFEL) Program regulations revise the
current regulations. The proposed regulations would require a loan
holder to match its database against the Defense Manpower Data
Center (DMDC) and automatically apply the interest rate limitation,
as appropriate, to borrowers under the Servicemembers Civil Relief
Act (SCRA).
US Code:
20
USC 1087-1 Name of Law: Higher Education Act of 1965, as
amended
The Department is requesting a
revision of this information collection. The proposed regulations
associated with this collection are changing to decrease burden on
borrowers and adding burden to loan holders. This is a program
change due to agency discretion. There is an increase in burden of
36170 responses and 122,057 burden hours.
$0
No
No
No
No
No
Uncollected
Ian Foss 202 377-3681
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.