[Federal Register Volume 79, Number 11 (Thursday, January 16, 2014)]
[Notices]
[Pages 2939-2940]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00718]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0601]


Proposed Information Collection (Requirements for Interest Rate 
Reduction Refinancing Loans); 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 
information needed to refinance a delinquent VA-guaranteed loan with a 
lower interest rate.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 17, 2014.

ADDRESSES: Submit written comments on the collection of information 
through Federal Docket Management System (FDMS) at www.Regulations.gov 
or to Nancy J. Kessinger, Veterans Benefits Administration (20M35), 
Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 
20420 or email [email protected]. Please refer to ``OMB Control 
No. 2900-0601'' in any correspondence. During the comment period, 
comments may be viewed online through the FDMS.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 632-8924 
or FAX (202) 632-8925.

SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104-13; 44 
U.S.C. 3501-3521), 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.
    Title: Requirements for Interest Rate Reduction Refinancing Loans.
    OMB Control Number: 2900-0601.
    Type of Review: Extension without change 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 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

[[Page 2940]]

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.
    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: January 13, 2014.

    By direction of the Secretary.
Crystal Rennie,
VA Clearance Officer, Department of Veterans Affairs.
[FR Doc. 2014-00718 Filed 1-15-14; 8:45 am]
BILLING CODE 8320-01-P