[Federal Register Volume 77, Number 50 (Wednesday, March 14, 2012)]
[Notices]
[Pages 15188-15189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-6097]


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

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0110]


Agency Information Collection Activity Under OMB Review: 
Application for Assumption Approval and/or Release From Personal 
Liability to the Government on a Home Loan

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

[[Page 15189]]


ACTION: Notice.

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

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 April 13, 2012.

ADDRESSES: Submit written comments on the collection of information 
through 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. 2900-0110'' 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) 632-7479, fax (202) 632-7583 or email 
[email protected]. Please refer to ``OMB Control No. 2900-0110.''

SUPPLEMENTARY INFORMATION:
    Title: Application for Assumption Approval and/or Release from 
Personal Liability to the Government on a Home Loan, VA Form 26-6381.
    OMB Control Number: 2900-0110.
    Type of Review: Extension of a currently approved collection.
    Abstract: Veteran-borrowers complete VA Form 26-6381 to sell their 
home by assumption rather than requiring the purchaser to obtain their 
own financing to pay off the VA guaranteed home loan. In order for the 
veteran-borrower to be released from personal liability, the loan must 
be current and the purchaser must assume all of the veteran's liability 
to the Government and to the mortgage holder and meet the credit and 
income requirements.
    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 4, 2012, at pages 324-325.
    Affected Public: Individuals or households, Business or other for 
profit.
    Estimated Annual Burden: 42 hours.
    Estimated Average Burden per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 250.

    Dated: March 8, 2012.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Enterprise Records Service.
[FR Doc. 2012-6097 Filed 3-13-12; 8:45 am]
BILLING CODE 8320-01-P