[Federal Register Volume 67, Number 13 (Friday, January 18, 2002)]
[Notices]
[Pages 2731-2732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-1406]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0047]


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 (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 notice solicits comments for 
information needed by the agency when a purchaser assumes a veteran's 
home in release of liability cases.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 19, 2002.

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. 
2900-0047'' 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

[[Page 2732]]

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: Financial Statement, VA Form 26-6807.
    OMB Control Number: 2900-0047.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-6807 is used to determine an applicant's or 
obligor's creditworthiness. The major use of the form occurs in release 
of liability and substitution of entitlement cases. VA may release 
original veteran obligors from personal liability arising from the 
original guaranty of their home loans, or the making of a direct loan, 
provided purchaser/assumers meet the necessary requirements, among 
which is qualifying from a credit standpoint.
    The form also can be used to determine a borrower's financial 
condition in connection with efforts to reinstate a seriously defaulted 
guaranteed, insured, or portfolio loan. It is also used to determine 
the eligibility of homeowners for aid under the Homeowners Assistance 
Program, which provides assistance by reducing losses incident to the 
disposal of homes when military installations at which the homeowners 
were employed or serving are ordered closed in whole or in part.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 30,000 hours.
    Estimated Average Burden Per Respondent: 45 minutes.
    Frequency of Response: On Occasion.
    Estimated Number of Respondents: 40,000.

    Dated: January 8, 2002.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 02-1406 Filed 1-17-02; 8:45 am]
BILLING CODE 8320-01-P