[Federal Register Volume 59, Number 43 (Friday, March 4, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4961]


[[Page Unknown]]

[Federal Register: March 4, 1994]


-----------------------------------------------------------------------


DEPARTMENT OF VETERANS AFFAIRS
 

Privacy Act of 1974; Amendment of System of Records--Veterans 
Mortgage Life Insurance-VA (53VA00)

Agency: Department of Veterans Affairs.

Action: Amendment of system of records.

-----------------------------------------------------------------------

    Notice is hereby given that the Department of Veterans Affairs (VA) 
is revising certain paragraphs in the system of records entitled, 
``Veterans Mortgage Life Insurance-VA'' (53VA00) which is set forth on 
page 959 of the Federal Register Publication, ``Privacy Act Issuances, 
1991 Compilation, Volume II.'' The System Location, Routine uses of 
records maintained in the system, Storage, Safeguards, and Retention 
and Disposal paragraphs are being revised to reflect the transfer of 
certain responsibilities from a commercial life insurance company to 
the St. Paul, Minnesota VA Regional Office and Insurance Center and to 
make other minor changes.

    Approval: February 23, 1994.
Jesse Brown,
Secretary of Veterans Affairs.

Notice of Amendment to System of Records

    1. The system of records identified as 53VA00, ``Veterans Mortgage 
Life Insurance-VA'' appearing on page 959 of the Fedeal Register 
publication, ``Privacy Act Issuances, 1991 Compilation, Volume II'' is 
amended by eliminating the references to the Bankers Life Insurance 
Company of Nebraska. Notice of electronic record storage is added and 
minor changes to the Safeguards and Retention and disposal paragraphs 
are included as follows:
53VA00
    Veterans Mortgage Life Insurance-VA.

System Location:

    Records (i.e., applications, VA special grant cards, 
correspondence, records of premium and interest payments and records on 
death cases) are maintained at the VA Regional Office and Insurance 
Center, St. Paul Minnesota, and the Benefits Delivery Center, Hines, 
Illinois, Address locations of VA facilities are listed at VA Apendix 1 
at the end of this document.
* * * * *
    2. In Routine Uses of records maintained in the system, including 
categories of users and the purpose of such uses, remove paragraph 5 
and redesignate paragraph 6 as paragraph 5.
    3. Revise Storage, Safeguards, and Retention and Disposal 
paragraphs to read as follows
    Records are stored on automated computer files and on paper 
documents in manual account folders.
* * * * *
    All manual records at the VA Regional Office and Insurance Center 
are maintained in steel file cabinets, and access to the files is 
limited to authorized personnel only. Information in these records is 
restricted to those authorized persons on a ``need to know'' basis. 
Information on electronic media is protected by `password' and other 
system safeguards.
    Inactive mortgage life insurance records are placed in a closed 
file for seven years after the insured's death or until his/her 77th 
birthday, whichever comes first. Annually, those closed files are 
reviewed and destroyed as applicable. A record is considered inactive 
when any one of the following occurs: Mortgage paid in full, insured's 
70th birthday, termination of veterans' ownership of the property 
securing the loan, payment of premiums discontinued by the veteran, 
entire contract or agreement discontinued, or failure to timely submit 
required statement.
* * * * *
[FR Doc. 94-4961 Filed 3-3-94; 8:45 am]
BILLING CODE 8320-01