[Federal Register Volume 62, Number 138 (Friday, July 18, 1997)]
[Notices]
[Pages 38606-38607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18937]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0377]


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

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: The Veterans Benefits Administration (VBA), Department of 
Veterans Affairs, 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 
relating to a claim for repurchase of loan.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before September 16, 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. 2900-0377'' 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 (Pub. L. 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: Claim for Repurchase of Loan, VA Form 26-8084.
    OMB Control Number: 2900-0377.
    Type of Review: Extension of a currently approved collection.
    Abstract: Under 38 CFR 36.4600(d), the holder of a delinquent 
vendee account is legally entitled to repurchase of the loan by VA when 
the loan has been continuously in default for 3 months and the amount 
of the delinquency equals or exceeds the sum of 2 monthly installments. 
When requesting repurchase of a loan, the holder uses VA Form 26-8084. 
Upon receipt of a holder's VA Form 26-8084, the supporting documents 
are examined to see that all of the documents required have been 
submitted and that they are sufficient to complete the repurchase. VA 
Form 26-8084 is compared with the settlement sheet prepared when the 
loan was sold and examined closely to establish that there are no 
errors in the holder's methods of computation. Following repurchase by 
VA, the obligor(s) are notified in writing that VA has repurchased the 
loan, and the vendee account is serviced and maintained by VA 
thereafter.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 421 hours.
    Estimated Average Burden Per Respondent: 30 minutes.

[[Page 38607]]

    Frequency of Response: On occasion.
    Estimated Number of Respondents: 842.

    Dated: June 27, 1997.

    By direction of the Secretary.
Sandra S. McIntyre,
Management Analyst, Information Management Service.
[FR Doc. 97-18937 Filed 7-17-97; 8:45 am]
BILLING CODE 8320-01-P