[Federal Register Volume 65, Number 116 (Thursday, June 15, 2000)]
[Notices]
[Page 37604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-15070]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0112]


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 July 17, 2000.

FOR FURTHER INFORMATION OR A COPY OF THE SUBMISSION CONTACT: Denise 
McLamb, Information Management Service (045A4), Department of Veterans 
Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, (202) 273-8030 
or FAX (202) 273-5981. Please refer to ``OMB Control No. 2900-0112.''

SUPPLEMENTARY INFORMATION:
    Title: Statement of Holder or Servicer of Veteran's Loan, VA Form 
Letter 26-559.
    OMB Control Number: 2900-0112.
    Type of Review: Reinstatement, without change, of a previously 
approved collection for which approval has expired.
    Abstract: Veteran-borrowers may sell their homes subject to the 
existing VA-guaranteed mortgage lien without prior approval of VA if 
the commitment for the loan was made prior to March 1, 1988. However, 
if they request release from personal liability to the Government in 
the event of a subsequent default by a transferee, VA must determine 
that (1) loan payments are current; (2) the transferee will assume the 
veteran's legal liabilities in connection with the loan; and (3) the 
purchaser qualifies from a credit standpoint. A veteran-borrower also 
may sell his or her home to a veteran-transferee. However, eligible 
transferees must meet all the requirements in addition to having 
sufficient available loan guaranty entitlement to replace the amount of 
entitlement used by the seller in obtaining the original loan.
    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 March 27, 2000, at page 16245.
    Affected Public: Individuals or households, Business or other for-
profit.
    Estimated Annual Burden: 1,167 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 7,000.
    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 
12035, Washington, DC 20503 (202) 395-4650. Please refer to ``OMB 
Control No. 2900-0112'' in any correspondence.

    Dated: May 26, 2000.

    By direction of the Secretary:
Donald L. Nelson,
Director, Information Management Service.
[FR Doc. 00-15070 Filed 6-14-00; 8:45 am]
BILLING CODE 8320-01-P