[Federal Register Volume 69, Number 87 (Wednesday, May 5, 2004)]
[Notices]
[Pages 25173-25174]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-10136]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0249]


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 notice solicits comments for 
information needed to determine whether a loan default is insoluble or 
whether an obligor has reasonable prospects for curing the default.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before July 6, 2004.

ADDRESSES: Submit written comments on the collection of information to 
Nancy J. Kessinger, Veterans Benefits Administration (20M35), 
Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 
20420 or e-mail [email protected]. Please refer to ``OMB Control No. 
2900-0249'' 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 (Pub. L. 104-13; 44 
U.S.C. 3501-3521), 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: Loan Service Report, VA Form 26-6808.
    OMB Control Number: 2900-0249.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-6808 is used when servicing delinquent 
guaranteed and insured loans and loans sold under 38 CFR 36.4600. With 
the respect to the

[[Page 25174]]

servicing of guaranteed and insured loans and loans sold under 38 CFR 
36.4600, the holder has the primary servicing responsibility. However, 
VA has the responsibility to see that the servicing efforts of holders 
are consistent with VA policies and guidelines. In those cases in which 
early payment of the delinquency appears unlikely, supplemental 
servicing by VA will be conducted to determine whether the holder may 
have overlooked any relief measures. Since there are ordinarily 
financial losses to both the borrower and the Government resulting from 
the foreclosure of a guaranteed loan, supplemental servicing can 
protect the interest of each by assuring that appropriate relief is 
extended to those borrowers whose loans can be reinstated within a 
reasonable period of time. VA Loan Service Representatives complete VA 
Form 26-6808 during the course of personal contacts with delinquent 
obligors. The information acquired may form the basis of VA's 
intercession with the holder for the acceptance of specially arranged 
repayment plans or other forbearance aimed at assisting the obligor in 
retaining his or her home.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 16,667 hours.
    Estimated Average Burden Per Respondent: 25 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 40,000.

    Dated: April 22, 2004.

    By direction of the Secretary:

Loise Russell,
Director, Records Management Service.
[FR Doc. 04-10136 Filed 5-4-04; 8:45 am]
BILLING CODE 8320-01-P