[Federal Register Volume 73, Number 24 (Tuesday, February 5, 2008)]
[Notices]
[Page 6769]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-2037]


-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0601]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

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 to refinance a delinquent VA-guaranteed loan with a 
lower interest rate.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before April 7, 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. 2900-0086'' 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: Loan Guaranty: Requirements for Interest Rate Reduction 
Refinancing Loans.
    OMB Control Number: 2900-0601.
    Type of Review: Extension of a currently approved collection.
    Abstract: A veteran may refinance an outstanding VA guaranteed, 
insured, or direct loan with a new loan at a lower interest rate 
provided that the veteran still owns the property used as security for 
the loan. The new loan will be guaranteed only if VA approves it in 
advance after determining that the borrower, through the lender, has 
provided reasons for the loan deficiency, and has provided information 
to establish that the cause of the delinquency has been corrected, and 
qualifies for the loan under the credit standard provisions.
    Affected Public: Business or other for profit.
    Estimated Annual Burden: 25 hours.
    Estimated Annual Burden Per Respondent: 30 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 50.

    Dated: January 25, 2008.

    By direction of the Secretary:
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E8-2037 Filed 2-4-08; 8:45 am]
BILLING CODE 8320-01-P