[Federal Register Volume 73, Number 15 (Wednesday, January 23, 2008)]
[Notices]
[Pages 4046-4047]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-1085]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0362]


Proposed Information Collection (Claim Under Loan Guaranty/Claim 
Form--Adjustable Rate Mortgages); 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 the 
information needed to determine the amount owed to a holder of a 
defaulted VA guaranteed home loan.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 24, 2008.

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. 2900-0362'' 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

[[Page 4047]]

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.
    Titles:
    a. Claim Under Loan Guaranty, VA Form 26-1874.
    b. Claim Form--Adjustable Rate Mortgages, VA Form 26-1874a.
    OMB Control Number: 2900-0362.
    Type of Review: Extension of a currently approved collection.
    Abstract:
    a. Lenders and holders of VA guaranteed home loans use VA Form 26-
1874 as notification to VA of default of such loans.
    b. Lenders and holders of VA loans submit VA Form 26-1874a as an 
attachment to VA Form 26-1874 when filing a claim under the loan 
guaranty resulting from the termination of an Adjustable Rate Mortgage 
Loan. The information obtained on both forms is used to determine the 
amount owed to the holder under the guaranty home loan.
    Affected Public: Business or other for profit.
    Estimated Annual Burden:
    a. VA Form 26-1874--25,806 hours.
    b. VA Form 26-1874a--333 hours.
    Estimated Average Burden Per Respondent:
    a. VA Form 26-1874--60 minutes.
    b. VA Form 26-1874a--20 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Total Respondents:
    a. VA Form 26-1874--25,806.
    b. VA Form 26-1874a--1,000.

    Dated: January 14, 2008.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E8-1085 Filed 1-22-08; 8:45 am]
BILLING CODE 8320-01-P