[Federal Register Volume 60, Number 219 (Tuesday, November 14, 1995)]
[Notices]
[Pages 57267-57268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28008]



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DEPARTMENT OF VETERANS AFFAIRS

Proposed Information Collection Activity; Public Comment Request: 
Financial Statement, VA Form 26-6807

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, Veterans Benefits Administration (VBA) invites the 
general public and other Federal 

[[Page 57268]]
agencies to comment on this information collection. This request for 
comment is being made pursuant to the Paperwork Reduction Act of 1995 
(Public Law 104-13; 44 U.S.C. 3506(c)(2)(A)). Comments should address 
the accuracy of the burden estimates and ways to minimize the burden 
including the use of automated collection techniques or the use of 
other forms of information technology, as well as other relevant 
aspects of the information collection.

DATES: Written comments and recommendations on the proposal for the 
collection of information should be received on or before January 16, 
1996.

ADDRESSES: Direct all written comments to Nancy J. Kessinger, Veterans 
Benefits Administration (20M30), Department of Veterans Affairs, 810 
Vermont Avenue, NW, Washington, DC 20420. All comments will become a 
matter of public record and will be summarized in the VBA request for 
Office of Management and Budget (OMB) approval. In this document VBA is 
soliciting comments concerning the following information collection:

    OMB Control Number: 2900-0047.
    Title and Form Number: Financial Statement, VA Form 26-6807.
    Type of Review: Extension of a currently approved collection.
    Need and Uses: The form is completed by respondents (veteran-
obligors and prospective assumers) in connection with release of 
liability and substitution of entitlement cases. The information 
collection is essential to determinations for release of liability and 
substitution of entitlement cases.
    Current Actions: Under the provisions of 38 U.S.C., 3714, VA may 
release original veteran-obligors from personal liability arising from 
the original guaranty of their home loans, or the making of a direct 
loan, provided purchasers/assumers meet the necessary requirements, 
among which is qualifying from a credit standpoint. Substitution of 
entitlement is authorized by 38 U.S.C., 3702(b)(2) and prospective 
veteran-assumers must also meet the creditworthiness requirements. The 
form may also be used to determine a borrower's financial condition in 
connection with efforts to reinstate a seriously defaulted guaranteed, 
insured, or portfolio loan. In addition, the form may be used in 
determining the eligibility of homeowners for aid under the Homeowners 
Assistance Program, Public Law 89-754, which provides assistance by 
reducing losses incident to the disposal of homes when military 
installations at which the homeowners were employed or serving are 
ordered closed in whole or in part.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 30,000 hours.
    Estimated Average Burden Per Respondent: 45 minutes.
    Frequency of Response: Generally one-time.
    Estimated Number of Respondents: 40,000.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Department of Veterans 
Affairs, Attn: Ron Taylor, VA Clearance Officer (045A4), Department of 
Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, 
Telephone (202) 565-4412 or FAX (202) 565-8267.

    Dated: October 31, 1995.

    By direction of the Secretary:
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 95-28008 Filed 11-13-95; 8:45 am]
BILLING CODE 8320-01-P