[Federal Register Volume 68, Number 187 (Friday, September 26, 2003)]
[Notices]
[Pages 55744-55745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-24305]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0386]


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. 3501-21), 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 and includes the actual data collection instrument.

DATES: Comments must be submitted on or before October 27, 2003.

FOR FURTHER INFORMATION CONTACT: Denise McLamb, Records Management 
Service (005E3), Department of Veterans Affairs, 810 Vermont Avenue, 
NW., or e-mail [email protected]. Please refer to ``OMB Control 
No. 2900-0386.''
    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. 
2900-0386'' in any correspondence.

SUPPLEMENTARY INFORMATION:
    Title: Interest Rate Reduction Refinancing Loan Worksheet, VA Form 
26-8923.
    OMB Control Number: 2900-0386.
    Type of Review: Extension of a currently approved collection.
    Abstract: Title 38 U.S.C., section 3729(a) requires VA to collect a 
funding fee in connection with guaranteed or direct loans. The fee is 
payable for both home and manufactured home loans. To be eligible for 
guaranty, reports of loan disbursement and automatic loan reports for 
loans must include either a receipt showing that the funding fee has

[[Page 55745]]

been paid or evidence that the veteran is exempt from the requirement 
of paying the fee. Lenders are required to submit VA Form 26-8923 with 
VA Form 26-1820, Report and Certification of Loan Disbursement, as 
applicable, when requesting guaranty on an interest rate reduction 
refinancing loan. VA loan examiners must assure that the requirements 
of the Deficit Reduction Act of 1984, 38 U.S.C. 3710(a)(8) or 
3712(a)(1)(F), and applicable VA regulations are met before the 
issuance of guaranty. The form ensures that lenders correctly compute 
the funding fee and the maximum permissible loan amount for interest 
rate reduction refinancing loans.
    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 19, 2003 at page 13364.
    Affected Public: Business or other for profit.
    Estimated Annual Burden: 16,667 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Total Respondents: 100,000.

    Dated: September 15, 2003.

    By direction of the Secretary.
Jacqueline Parks,
IT Specialist, Records Management Service.
[FR Doc. 03-24305 Filed 9-25-03; 8:45 am]
BILLING CODE 8320-01-P