[Federal Register Volume 76, Number 141 (Friday, July 22, 2011)]
[Notices]
[Pages 44089-44090]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-18548]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0029]


Agency Information Collection (Offer To Purchase and Contract of 
Sale) Activity 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 August 22, 2011.

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. 2900-0029'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Denise McLamb, Enterprise Records 
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue, 
NW., Washington, DC 20420, (202) 461-7485, fax (202) 461-0966 or e-mail 
[email protected]. Please refer to ``OMB Control No. 2900-0029.''

SUPPLEMENTARY INFORMATION:

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's 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 form requires the buyer to be informed of 
the State's law at or prior to closing the transaction.
    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 May 11, 2011, at page 27380.
    Affected Public: Individuals or households.

[[Page 44090]]

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: July 19, 2011.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Enterprise Records Service.
[FR Doc. 2011-18548 Filed 7-21-11; 8:45 am]
BILLING CODE 8320-01-P