Proposed Information Collection (Financial Statement); Comment Request, 3806 [E8-924]

Agencies

• DEPARTMENT OF VETERANS AFFAIRS

[Federal Register Volume 73, Number 14 (Tuesday, January 22, 2008)]
[Notices]
[Page 3806]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-924]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0047]


Proposed Information Collection (Financial Statement); 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 for 
information needed to determine veteran-obligors' and prospective 
assumers' creditworthiness.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 24, 2008.

ADDRESSES: Submit written comments on the collection of information 
through https://www.Regulations.gov or to Nancy J. Kessinger, Veterans 
Benefits Administration (20M35), Department of Veterans Affairs, 810 
Vermont Avenue, NW., Washington, DC 20420 or e-mail to 
nancy.kessinger@va.gov. Please refer to ``OMB Control No. 2900-0047'' 
in any correspondence. During the comment period, comments may be 
viewed online through the Federal Docket Management System (FDMS) at 
https://www.Regulations.gov.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 461-9769 
or Fax (202) 275-5947.

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: Financial Statement, VA Form 26-6807.
    OMB Control Number: 2900-0047.
    Type of Review: Extension of a currently approved collection.
    Abstract: The data collected on VA Form 26-6807 is use to determine 
release of liability and substitution of entitlement cases. VA may 
release original veteran obligors from personal liability arising from 
the original guaranty of their home loan, or the making of a direct 
loan, provided the purchasers/assumers meet the creditworthiness 
requirements. The data is also used to determine a borrower's financial 
condition in connection with efforts to reinstate a seriously defaulted 
guaranteed, insured, or portfolio loan, and to determine homeowners 
eligibility for aid under the Homeowners Assistance Program, 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.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 6,000 hours.
    Estimated Average Burden per Respondent: 45 minutes.
    Frequency of Response: On Occasion.
    Estimated Number of Respondents: 8,000.

    Dated: January 10, 2008.

    By direction of the Secretary:
Denise McLamb,
Program Analyst, Records Management Service.
 [FR Doc. E8-924 Filed 1-18-08; 8:45 am]
BILLING CODE 8320-01-P