[Federal Register Volume 72, Number 152 (Wednesday, August 8, 2007)]
[Notices]
[Pages 44614-44615]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-15380]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0111]


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

[[Page 44615]]

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 release of liability and substitution of 
entitlement of veterans-sellers to the government on guaranteed, 
insured and direct loans.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before October 9, 2007.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits 
Administration (20M35), Department of Veterans Affairs, 810 Vermont 
Avenue, NW., Washington, DC 20420 or e-mail to [email protected]. 
Please refer to ``OMB Control No. 2900-2900-0111'' in any 
correspondence. During the comment period, comments may be viewed 
online through the Federal Docket Management System (FDMS) at 
www.Regulations.gov.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 461-9769 
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: Statement of Purchaser or Owner Assuming Seller's Loans, VA 
Form 26-6382.
    OMB Control Number: 2900-0111.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-6382 is completed by purchasers who are 
assuming veterans' guaranteed, insured, and direct home loans. The 
information collected is essential in the determinations for release of 
liability as well as for credit underwriting determinations for 
substitution of entitlement. If a veteran chooses to sell his or her VA 
guaranteed home, VA will allow a qualified purchaser to assume the 
veteran's loan and all the responsibility under the guaranty or 
insurance. In regard to substitution of entitlement cases, eligible 
veteran purchasers must meet all requirements of liability in addition 
to having available loan guaranty entitlement.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 375 hour.
    Estimated Average Burden per Respondent: 15 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 1,500

    Dated: July 24, 2007.

    By direction of the Secretary:
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E7-15380 Filed 8-7-07; 8:45 am]
BILLING CODE 8320-01-P