[Federal Register Volume 84, Number 98 (Tuesday, May 21, 2019)]
[Notices]
[Pages 23166-23167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10534]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0377]


Agency Information Collection Activity under OMB Review: Claim 
for Repurchase of Loan

AGENCY: Loan Guaranty Service, Department of Veterans Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Loan Guaranty Service, 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 and it includes the actual 
data collection instrument.

DATES: Comments must be submitted on or before June 6, 2019.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov, or to Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725 
17th St. NW, Washington, DC 20503 or sent through electronic mail to 
[email protected]. Please refer to ``OMB Control No. 2900-
0377'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Danny Green, Enterprise Records 
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue 
NW, Washington, DC 20420, (202) 421-1354 or email [email protected]. 
Please refer to ``OMB Control No. 2900-0377'' in any correspondence.

SUPPLEMENTARY INFORMATION:
    Authority: 44 U.S.C. 3501-21.
    Title: Claim for Repurchase of Loan, VA Form 26-8084, or include 
form numbers in the
    OMB Control Number: 2900-0377.
    Type of Review: Extension without change 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.
    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 at 84 FR 7971 on March 6, 2019, pages 7971-
7972.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 5 hours.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 10.


[[Page 23167]]


    By direction of the Secretary.
Danny Green,
VA Interim Clearance Officer, Office of Quality, Performance, Privacy 
and Risk (OQPR), Department of Veterans Affairs.
[FR Doc. 2019-10534 Filed 5-20-19; 8:45 am]
 BILLING CODE 8320-01-P