[Federal Register Volume 62, Number 113 (Thursday, June 12, 1997)]
[Notices]
[Page 32148]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15349]



[[Page 32148]]

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

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0045]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request; Extension

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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

SUMMARY: The Veterans Benefits Administration (VBA) is announcing an 
opportunity for public comment on the proposed collection of certain 
information by the agency. Under the Paperwork Reduction Act (PRA) of 
1995, Federal agencies are required to publish notice in the Federal 
Register concerning each proposed collection of information, including 
each proposed extension of a currently approved collection, and allow 
60 days for public comment in response to the notice. This notice 
solicits comments on requirements to determine the reasonable value of 
properties proposed as security for guaranteed or direct home loans.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before August 11, 1997.

ADDRESSES: Submit written comments on the collection of information to 
Nancy J. Kessinger, Veterans Benefits Administration (20S52), 
Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 
20420. Please refer to ``OMB Control No. 2900-0045'' in any 
correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 273-8310 
or FAX (202) 275-4884.

SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Public Law 104-13; 44 
U.S.C. 3501-3520), Federal agencies must obtain approval from the 
Office of Management and Budget (OMB) for each collection of 
information they conduct or sponsor. This request for comment is being 
made pursuant to Section 3506(c)(2)(A) of the PRA.
    With respect to the following collection of information, VBA 
invites comments on: (1) Whether the proposed collection of information 
is necessary for the proper performance of VBA's functions, including 
whether the information will have practical utility; (2) the accuracy 
of VBA's estimate of the burden of the proposed collection of 
information; (3) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or the use of other forms of 
information technology.
    Title and Form Number: VA Request for Determination of Reasonable 
Value, VA Form 26-1805.
    OMB Control Number: 2900-0045.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-1805 is used to collect data necessary for VA 
compliance with the requirements of Title 38 U.S.C. 3710(b) (4), (5), 
and (6). These requirements prohibit the VA guaranty or making of any 
loan unless the suitability of the security property for dwelling 
purposes is determined, the loan amount does not exceed the reasonable 
value, and if the loan is for purposes of alteration, repair, or 
improvements, the work substantially improves the basic livability of 
the property. The data supplied by persons and firms completing VA Form 
26-1805 is used by VA personnel to identify and locate properties for 
appraisal and to make assignments to appraisers. The VA is required to 
notify potential veteran-purchasers of such properties of the VA-
established reasonable value. The VA will also use VA Form 26-1843, 
Certificate of Reasonable Value, as a notice to requesters of the 
reasonable (appraised) value or an authorized lender will issue a 
notice of value in connection with the Lender Appraisal Processing 
Program.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 64,000 hours.
    Estimated Average Burden Per Respondent: 12 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 320,000.

    Dated: May 21, 1997.

    By direction of the Secretary.
William Morgan,
Program Analyst, Information Management Service.
[FR Doc. 97-15349 Filed 6-11-97; 8:45 am]
BILLING CODE 8320-01-P