[Federal Register Volume 63, Number 56 (Tuesday, March 24, 1998)]
[Notices]
[Pages 14176-14177]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7654]


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

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0032]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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

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

[[Page 14177]]

collection, and allow 60 days for public comment in response to the 
notice. This notice solicits comments on the report and certification 
of guaranteed or insured loan disbursements.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before May 26, 1998.

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. 2900-0032'' in any 
correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 273-5079 
or FAX (202) 275-5146.

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: Report and Certification of Loan Disbursement, VA Form 26-
1820.
    OMB Control Number: 2900-0032.
    Type of Review: Extension of a currently approved collection.
    Abstract: The form is completed by lenders closing VA guaranteed 
and insured loans under the automatic or prior approval procedures. 
Such loans are not subject to prior approval of VA. Lenders are 
required to submit with VA Form 26-1820 a copy of the loan application 
(showing income, assets, and obligations) which the lender requires the 
borrower to execute when applying for the loan; original employment and 
income verifications obtained from the borrower's place of employment; 
original verification of assets; and original credit report. VA Form 
26-1820 provides VA with the necessary information on the loan and 
property sufficient for loan examination determinations and 
verification of compliance with Title 38 U.S.C. Chapter 37.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 130,000 hours.
    Estimated Average Burden Per Respondent: 30 minutes.
    Frequency of Response: Generally one time per loan disbursement.
    Estimated Number of Respondents: 260,000.

    Dated: March 5, 1998.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 98-7654 Filed 3-23-98; 8:45 am]
BILLING CODE 8320-01-P