[Federal Register Volume 61, Number 137 (Tuesday, July 16, 1996)]
[Notices]
[Page 37110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-17978]


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DEPARTMENT OF VETERANS AFFAIRS


Agency Information Collection Activities: Proposed Collection; 
Comment Request

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, the Veterans Benefits Administration (VBA) invites 
the general public and other Federal agencies to comment on this 
information collection. This request for comment is being made pursuant 
to the Paperwork Reduction Act of 1995 (Pub. L. 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 September 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 the 
VBA is soliciting comments concerning the following information 
collection:
    OMB Control Number: 2900-0381.
    Title and Form Number: Notice for Election to Convey and/or Invoice 
for Transfer of Property, VA Form 26-8903.
    Type of Review: Extension of a currently approved collection.
    Need and Uses: VA Form 26-8903 serves four purposes: holder's 
election to convey; invoice for the purchase price of the property; 
VA's voucher for authorizing payment to the holder; and establishment 
of the VA's property records. The form provides the holder, who has 
elected to convey a property to the VA, with a convenient and uniform 
means of notification to the proper VA regional office. This form 
simplifies processing for lenders/holders who, in most instances, 
operate branch offices statewide and nationwide.
    Current Actions: Section 3732 of Title 38, U.S.C., and 38 CFR 
36.4320(a)(1), provide that if a minimum amount for credit to the 
borrower's indebtedness has been specified by VA in relation to the 
sale of the real property and the holder is the successful bidder at 
the sale for no more than the amount specified by the Secretary, the 
holder will credit the indebtedness with that amount. The holder may 
then retain the property, or not later than 15 days after the date of 
sale, advise the Secretary of its election to convey and transfer the 
property to the Secretary.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 5,000 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 30,000.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Department of Veterans 
Affairs, Attn: Jacquie McCray, Information Management Service (045A4), 
810 Vermont Avenue, NW, Washington, DC 20420, Telephone (202) 273-8032 
or FAX (202) 273-5981.

    Dated: July 2, 1996.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 96-17978 Filed 7-15-96; 8:45 am]
BILLING CODE 8320-01-P