[Federal Register Volume 62, Number 210 (Thursday, October 30, 1997)]
[Notices]
[Pages 58777-58778]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28715]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0377]


Agency Information Collection Activities Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995 
(44 U.S.C., 3501 et seq.), this notice announces that the Veterans 
Benefits Administration (VBA), Department of Veterans Affairs, has 
submitted the collection of information abstracted below to the Office 
of Management and Budget (OMB) for review and comment. The PRA 
submission describes the nature of the information collection and its 
expected cost and burden; it includes the actual data collection 
instrument.

DATES: Comments must be submitted on or before December 1, 1997.

FOR FURTHER INFORMATION OR A COPY OF THE SUBMISSION CONTACT: Ron 
Taylor, Information Management Service (045A4), Department of Veterans 
Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, (202) 273-8015 
or FAX (202) 273-5981. Please refer to ``OMB Control No. 2900-0377.''

SUPPLEMENTARY INFORMATION:

    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

[[Page 58778]]

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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register notice with a 
60-day comment period soliciting comments on this collection of 
information was published on July 18, 1997 at pages 38606-38607.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 421 hours.
    Estimated Average Burden Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 842.
    Send comments and recommendations concerning any aspect of the 
information collection to VA's OMB Desk Officer, Allison Eydt, OMB 
Human Resources and Housing Branch, New Executive Office Building, Room 
10235, Washington, DC 20503 (202) 395-4650. Please refer to ``OMB 
Control No. 2900-0377'' in any correspondence.

    Dated: October 7, 1997.

    By direction of the Secretary.
Barbara Epps,
Management Analyst, Information Management Service.
[FR Doc. 97-28715 Filed 10-29-97; 8:45 am]
BILLING CODE 8320-01-P