[Federal Register Volume 73, Number 67 (Monday, April 7, 2008)]
[Notices]
[Pages 18855-18856]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-7141]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0047]


Agency Information Collection (Financial Statement) Activities 
Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995 
(44 U.S.C. 3501-3521), this notice announces that the Veterans Benefits 
Administration (VBA), Department of

[[Page 18856]]

Veterans Affairs, will submit the collection of information abstracted 
below to the Office of Management and Budget (OMB) for review and 
comment. The PRA submission describes the nature of the information 
collection and its expected cost and burden; it includes the actual 
data collection instrument.

DATES: Comments must be submitted on or before May 7, 2008.

ADDRESSES: Submit written comments on the collection of information 
through http://www.Regulations.gov or to VA's OMB Desk Officer, OMB 
Human Resources and Housing Branch, New Executive Office Building, Room 
10235, Washington, DC 20503, (202) 395-7316. Please refer to ``OMB 
Control No. 2900-0047'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Denise McLamb, Records Management 
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue, 
NW., Washington, DC 20420, (202) 461-7485, FAX (202) 273-0443 or e-mail 
[email protected]. Please refer to ``OMB Control No. 2900-
0047.''

SUPPLEMENTARY INFORMATION: Title: Financial Statement, VA Form 26-6807.
    OMB Control Number: 2900-0047.
    Type of Review: Extension of a currently approved collection.
    Abstract: The data collected on VA Form 26-6807 is used to 
determine release of liability and substitution of entitlement cases. 
VA may release original veteran obligors from personal liability 
arising from the original guaranty of their home loan, or the making of 
a direct loan, provided the purchasers/assumers meet the 
creditworthiness requirements. The data is also used to determine a 
borrower's financial condition in connection with efforts to reinstate 
a seriously defaulted guaranteed, insured, or portfolio loan, and to 
determine homeowners eligibility for aid under the Homeowners 
Assistance Program, which provides assistance by reducing losses 
incident to the disposal of homes when military installations at which 
the homeowners were employed or serving are ordered closed.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published on January 22, 2008, at page 3806.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 6,000 hours.
    Estimated Average Burden per Respondent: 45 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 8,000.

    Dated: March 28, 2008.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E8-7141 Filed 4-4-08; 8:45 am]
BILLING CODE 8320-01-P