[Federal Register Volume 66, Number 81 (Thursday, April 26, 2001)]
[Notices]
[Pages 21042-21043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10382]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0387]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: The Veterans Benefits Administration (VBA), Department of 
Veterans Affairs (VA), 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

[[Page 21043]]

notice solicits comments for information needed to determine whether an 
applicant qualifies as a mortgagor for mortgage insurance or guaranty 
or as a borrower for a rehabilitation loan under VA's program.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before June 25, 2001.

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 or e-mail [email protected]. Please refer to ``OMB Control No. 
2900-0387'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 273-7079 
or FAX (202) 275-5947.

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: Request for Verification of Deposit, VA Form 26-8497a.
    OMB Control Number: 2900-0387.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA is prohibited from guaranteeing or making any loan 
unless the contemplated terms of payment required in any mortgage to be 
given in part payment of the purchase price or the construction cost 
bear a proper relation to the veteran's present and anticipated income 
and expenses and that the veteran is a satisfactory credit risk. The 
form is primarily used by lenders making guaranteed and insured loans 
to verify the applicant's deposits in banks and other savings 
institutions. It is also used to process direct loans, offers on 
acquired properties, and release from liability/substitution of 
entitlement cases when needed. In these types of cases, part I of the 
form is completed by the lender and signed by the applicant then 
forwarded to the depository. The depository completes part II, 
verifying the applicant's deposits, providing information and payment 
experience on outstanding loans, and returns the form to the lender.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 16,318 hours.
    Estimated Average Burden Per Respondent: 5 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 195,817.

    Dated: March 30, 2001.
Barbara H. Epps,
Management Analyst, Information Management Service.
[FR Doc. 01-10382 Filed 4-25-01; 8:45 am]
BILLING CODE 8320-01-P