[Federal Register Volume 73, Number 107 (Tuesday, June 3, 2008)]
[Notices]
[Page 31736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-12312]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0029]


Proposed Information Collection (Offer to Purchase and Contract 
of Sale) Activity: 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 from a private sector sales broker to submit an 
offer to VA on behalf of a prospective buyer of a VA-acquired property.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before August 4, 2008.

ADDRESSES: Submit written comments on the collection of information 
through http://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. 2900-0029'' 
in any correspondence. During the comment period, comments may be 
viewed online through the Federal Docket Management System (FDMS) at 
http://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. 3501-21), 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.
    Titles:
    a. Offer to Purchase and Contract of Sale, VA Form 26-6705.
    b. Credit Statement of Prospective Purchaser, VA Form 26-6705b.
    c. Addendum to VA Form 26-6705 Offer to Purchase and Contract of 
Sale, VA Form 26-6705d.
    OMB Control Number: 2900-0029.
    Type of Review: Extension of a currently approved collection.
    Abstract:
    a. VA Form 26-6705 is completed by private sector sales broker to 
submit an offer to purchase VA-acquired property on behalf of a 
prospective buyer. VA Form 26-6705 becomes a contract of sale if VA 
accepts the offer to purchase. It serves as a receipt for the 
prospective buyer for his/her earnest money deposit, describes the 
terms of sale, and eliminates the need for separate transmittal of a 
purchase offer.
    b. VA Form 26-6705b is used as a credit application to determine 
the prospective buyer creditworthiness in instances when the 
prospective buyer seeks VA vendee financing. In such sales, the offer 
to purchase will not be accepted until the buyer's income and credit 
history have been verified and a loan analysis has been completed.
    c. VA Form 26-6705d is an addendum to VA Form 26-6705 for use in 
the state of Virginia. The forms requires the buyer to be informed of 
the State's law at or prior to closing the transaction.
    Affected Public: Individuals or households.
    Estimated Annual Burden:
    a. VA Form 26-6705--10,000 hours.
    b. VA Form 26-6705b--7,333 hours.
    c. VA Form 26-6705d--125 hours.
    Estimated Average Burden per Respondent:
    a. VA Form 26-6705--20 minutes.
    b. VA Form 26-6705b--20 minutes.
    c. VA Form 26-6705d--5 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Total Respondents:
    a. VA Form 26-6705--30,000.
    b. VA Form 26-6705b--22,000.
    c. VA Form 26-6705d--1,500.

    Dated: May 23, 2008.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E8-12312 Filed 6-2-08; 8:45 am]
BILLING CODE 8320-01-P