[Federal Register Volume 66, Number 165 (Friday, August 24, 2001)]
[Notices]
[Pages 44669-44670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-21502]


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

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0521]


Agency Information Collection Activities Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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

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 September 24, 2001.

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, 
FAX (202) 273-5981 or e-mail: [email protected]. Please refer 
to ``OMB Control No. 2900-0521.''

SUPPLEMENTARY INFORMATION: Title: Credit Underwriting Standards and 
Procedures for Processing VA Guaranteed Loans.
    OMB Control Number: 2900-0521.
    Type of Review: Reinstatement, without change, of a previously 
approved collection for which approval has expired.
    Abstract: VA sets forth, in regulatory form, standards to be used 
by lenders in underwriting VA-guaranteed loans and to obtain credit 
information. Lenders must collect certain specific information 
concerning the veteran and the veteran's credit history (and spouse or 
other co-borrower, as applicable), in order to underwrite the veteran's 
loan. A loan may not be guaranteed unless the veteran is a satisfactory 
credit risk. VA requires the lender to provide the Department with the 
credit information to assure itself that applications for VA-guaranteed 
loans are underwritten in a reasonable and prudent manner.
    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

[[Page 44670]]

of information was published on August 31, 2000, at pages 53092-53093.
    Affected Public: Individuals or households and business or other 
for-profit.
    Estimated Annual Burden: 1 hour.
    Estimated Average Burden Per Respondent: 45 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 300,000.
    Send comments and recommendations concerning any aspect of the 
information collection to VA's Desk Officer, OMB Human Resources and 
Housing Branch, New Executive Office Building, Room 10235, Washington, 
DC 20503, (202) 395-7316. Please refer to ``OMB Control No. 2900-0521'' 
in any correspondence.

    Dated: August 8, 2001.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 01-21502 Filed 8-23-01; 8:45 am]
BILLING CODE 8320-01-U