[Federal Register Volume 85, Number 79 (Thursday, April 23, 2020)]
[Notices]
[Page 22797]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08571]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
this notice announces that the Veterans Benefits Administration,
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: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to
``OMB Control No. 2900-047.
SUPPLEMENTARY INFORMATION:
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 by 38 U.S.C. 3702(b)(2) and
prospective veteran-assumers must also meet the creditworthiness
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 in the Federal Register on February 3, 2020,
volume 85, number 22, pages 6019-6020.
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 PRA Clearance Officer, Office of Quality, Performance and Risk,
Department of Veterans Affairs.
[FR Doc. 2020-08571 Filed 4-22-20; 8:45 am]
BILLING CODE 8320-01-P