[Federal Register Volume 71, Number 12 (Thursday, January 19, 2006)]
[Notices]
[Page 3156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-504]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0386]


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 lenders computed the loan 
amount on interest rate reduction refinancing loans properly.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 20, 2006.

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 mailto:[email protected]. Please refer to ``OMB Control No. 
2900-0386'' 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: 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 
the guaranty, lenders must submit VA Form 26-8923, and VA Form 26-1820, 
Report and Certification of Loan Disbursement when requesting a 
guaranty on an interest rate reduction refinancing loan and provide a 
receipt as proof that the funding fee was paid or evidence that the 
claimant is exempt from such fee. VA uses the data collected to ensure 
lenders correctly compute the funding fee and the maximum permissible 
loan amount for interest rate reduction refinancing loans.
    Affected Public: Business or other for profit.
    Estimated Annual Burden: 6,667 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 40,000.

    Dated: January 10, 2006.

    By direction of the Secretary.
Denise McLamb,
Records Management Service.
[FR Doc. E6-504 Filed 1-18-06; 8:45 am]
BILLING CODE 8320-01-P