[Federal Register Volume 67, Number 242 (Tuesday, December 17, 2002)]
[Notices]
[Pages 77321-77322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-31706]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0381]


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 January 16, 2003.

FOR FURTHER INFORMATION CONTACT: Denise McLamb, Records Management 
Service (005E3), 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. 
2900-0381.'' Send comments and recommendations concerning any aspect of 
the information collection to VA's OMB 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. 2900-0381'' in any correspondence.

SUPPLEMENTARY INFORMATION: 
    Title: Notice for Election to Convey and/or Invoice for Transfer of 
Property, VA Form 26-8903.
    OMB Control Number: 2900-0381.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-8903 serves four purposes: holder's election 
to convey, invoice for the purchase price of the property, VA's voucher 
for authorizing payment to the holder, and establishment of VA's 
property records. When VA specifies an amount in relation to the 
foreclosure of a GI home loan and the holder elects to convey the 
property to VA, Section 3732 of Title 38, U.S.C., and 38 CFR 
36.4320(a)(1), provide that if a minimum amount for credit to the 
borrower's indebtedness has been specified by VA in relation to the 
sale of the real property and the holder is the successful bidder at 
the sale for no more than the amount specified by VA, the holder will 
credit the indebtedness with that amount. The holder may then retain 
the property, or not later than 15 days after the date of sale, advise 
VA of its election to convey and transfer the property to the VA. VA 
needs to know the amount bid at the sale, the type of deed to be used 
for transferring title from the holder to VA, occupancy information, 
and the hazard insurance coverage. VA Form 26-8903 provides the holder, 
which has elected to convey a property to VA, with a convenient and 
uniform means of

[[Page 77322]]

notification to the proper VA regional office.
    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 August 14, 2002, at pages 53045-53046.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 4,167 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Total Respondents: 25,000.

    Dated: December 4, 2002.

    By direction of the Secretary.
Loise Russell,
Computer Specialist, Records Management Service.
[FR Doc. 02-31706 Filed 12-16-02; 8:45 am]
BILLING CODE 8320-01-P