[Federal Register Volume 84, Number 43 (Tuesday, March 5, 2019)]
[Notices]
[Pages 7971-7972]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-03880]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0377]
Agency Information Collection Activity: Claim for Repurchase of
Loan
AGENCY: Loan Guaranty Service, Department of Veterans Affairs.
ACTION: Notice.
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SUMMARY: Loan Guaranty Service, 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.
DATES: Written comments and recommendations on the proposed collection
of information should be received on or before May 6, 2019.
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 (20M33),
Department of Veterans Affairs, 810 Vermont Avenue
[[Page 7972]]
NW, Washington, DC 20420 or email to [email protected]. Please
refer to ``OMB Control No. 2900-0377'' in any correspondence. During
the comment period, comments may be viewed online through FDMS.
FOR FURTHER INFORMATION CONTACT: Danny S. Green at (202) 421-1354.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995, 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.
Authority: Public Law 104-13; 44 U.S.C. 3501-3521.
Title: Claim for Repurchase of Loan.
OMB Control Number: 2900-0377.
Type of Review: Extension of a currently approved collection.
Abstract: Under 38 CFR 36.4600(d), the holder of a delinquent
vendee account is legally entitled to repurchase of the loan by VA when
the loan has been continuously in default for 3 months and the amount
of the delinquency equals or exceeds the sum of 2 monthly installments.
When requesting the repurchase of a loan, the holder uses VA Form 26-
8084. Upon receipt of a holder's VA Form 26-8084, the supporting
documents are examined to see that all of the documents required have
been submitted and that they are sufficient to complete the repurchase.
VA Form 26-8084 is compared with the settlement sheet prepared when the
loan was sold and examined closely to establish that there are no
errors in the holder's methods of computation for repurchase. Following
repurchase by VA, the obligor(s) are notified in writing that VA has
repurchased the loan, and the vendee account is serviced and maintained
by VA thereafter.
Affected Public: Individuals and households.
Estimated Annual Burden: 5 hours.
Estimated Average Burden per Respondent: 30 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 10.
By direction of the Secretary.
Danny S. Green,
Interim VA Clearance Officer, Office of Quality, Performance and Risk
(OQPR), Department of Veterans Affairs.
[FR Doc. 2019-03880 Filed 3-4-19; 8:45 am]
BILLING CODE 8320-01-P