The HEAL forms are required for
lenders to make application to the HEAL insurance program, to
report accurately and timely on loan actions, including transfer of
loans to a secondary agent, and to establish the repayment status
of borrowers who qualify for deferment of payments using form 508.
The reports assist in the diligent administration of the HEAL
program, protecting the financial interest of the federal
government.
US Code:
42
USC 292 Name of Law: Public Health Service Act
The Department is requesting an
extension of the currently approved information collection for HEAL
forms 504 and 508 as well as the two data sets, Borrower Loan
Status Updates and Loan Purchases and Consolidation. We are
decreasing the total number of respondents to 21 from 96 (-75),
responses to 69 from 167 (-98) and burden hours to 11 from 24
(-13). These changes are due to a decrease in HEAL servicer
participation and the reduced number of borrowers who were in a
deferred status at the end of FY17.
$3,120
No
No
No
No
No
No
Uncollected
Beth Grebeldinger 202
708-8242
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.