[Federal Register Volume 71, Number 191 (Tuesday, October 3, 2006)]
[Notices]
[Pages 58477-58478]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-16211]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0406]
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 on
information needed by lenders to determine whether any benefits related
debts exist in the veteran-borrower's name prior to the closing of any
VA-guaranteed loans on an automatic basis.
DATES: Written comments and recommendations on the proposed collection
of information should be received on or before December 4, 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,
[[Page 58478]]
NW., Washington, DC 20420 or mailto:[email protected]. Please refer
to ``OMB Control No. 2900-0406'' 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: Verification of VA Benefits, VA Form 26-8937.
OMB Control Number: 2900-0406.
Type of Review: Extension of a currently approved collection.
Abstract: Lenders authorized to make VA-guaranteed home or
manufactured loans on an automatic basis are required to determine
through VA whether any benefits related debts exist in the veteran-
borrower's name prior to the closing of any automatic loan. Lenders
cannot close any proposed automatic loan until evidence is received
from VA stating that there is no debt, or if a debt exists, or the
veteran has agreed on an acceptable repayment plan, or payments under a
plan already in effect are current. VA Form 26-8937 is used to assist
lenders and VA in the completion of debt checks in a uniform manner.
The form restricts information requested to only that is needed for the
debt check and to eliminate unlimited versions of lender-designed
forms. The form also informs the lender whether or not the veteran is
exempt from paying the funding fee, which must be collected on all VA
home loans unless the veteran is receiving service-connected disability
compensation.
Affected Public: Individuals of households.
Estimated Annual Burden: 4,167 hours.
Estimated Average Burden per Respondent: 5 minutes.
Frequency of Response: One-time.
Estimated Number of Respondents: 50,000.
Dated: September 20, 2006.
By direction of the Secretary.
Denise McLamb,
Program Analyst, Initiative Coordination Service.
[FR Doc. E6-16211 Filed 10-2-06; 8:45 am]
BILLING CODE 8320-01-P