[Federal Register Volume 85, Number 22 (Monday, February 3, 2020)]
[Notices]
[Pages 6019-6020]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01940]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0047]


Agency Information Collection Activity: Financial Statement

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: The Veterans Benefits Administration, 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 April 3, 2020.

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 NW, Washington, DC 
20420 or email to [email protected]. Please refer to ``OMB Control 
No. 2900-0047'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Danny S. Green, (202) 421-1354 or 
email [email protected]. Please refer to ``OMB Control No. 2900-
0047'' in any correspondence.

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 89-754, Section 1013; 8 U.S.C. 3702(b)(2), 38 
U.S.C. 3714.
    Title: Financial Statement (VA form 26-6807).
    OMB Control Number: 2900-0047.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-6807 is used to determine a borrower's 
financial condition in connection with efforts to reinstate a seriously 
defaulted, guaranteed, insured, or portfolio loan. In addition, the 
form is used in determining the financial feasibility of a veteran or 
service member to obtain a home with the assistance of a Specially 
Adapted Housing Grant under 38 U.S.C., Chapter 21. Also, VA Form 26-
6807 may be used to establish eligibility of homeowners for aid under 
the Homeowners Assistance Program, Public Law 89-754, which provides 
assistance by reducing losses incident to the disposal of homes when 
military installations at which the homeowners were employed or serving 
are ordered closed in whole or in part. Finally, the form is used in 
release of liability and substitution of entitlement cases. Under the 
provisions of 38 U.S.C. 3714, the Department of Veterans Affairs (VA) 
may release original veteran obligors from personal liability arising 
from the original guaranty of their home loans, or the making of a 
direct loan, provided purchasers/assumers meet the necessary 
requirements, among which is qualifying from a credit standpoint. 
Substitution of entitlement is authorized

[[Page 6020]]

by 38 U.S.C. 3702(b)(2) and prospective veteran-assumers must also meet 
the creditworthiness requirements.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 2,250 hours.
    Estimated Average Burden per Respondent: 45 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 3,000.

    By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-01940 Filed 1-31-20; 8:45 am]
 BILLING CODE 8320-01-P