[Federal Register Volume 73, Number 82 (Monday, April 28, 2008)]
[Notices]
[Pages 23007-23008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-9137]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0601]


Agency Information Collection (Loan Guaranty: Requirements for 
Interest Rate Reduction Refinancing Loans) 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 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 28, 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. 2900-0601'' 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-
0601.''

SUPPLEMENTARY INFORMATION:
    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: Veterans 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.

[[Page 23008]]

    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 February 5, 2008, at page 6769.
    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: April 17, 2008.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Records Management Service.
[FR Doc. E8-9137 Filed 4-25-08; 8:45 am]
BILLING CODE 8320-01-P