Proposed Information Collection (Interest Rate Reduction Refinancing Loan Worksheet) Activity: Comment Request, 20890 [2012-8281]

Agencies

• DEPARTMENT OF VETERANS AFFAIRS

[Federal Register Volume 77, Number 67 (Friday, April 6, 2012)]
[Notices]
[Page 20890]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-8281]



[[Page 20890]]

-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0386]


Proposed Information Collection (Interest Rate Reduction 
Refinancing Loan Worksheet) Activity: Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

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 whether lenders computed the loan 
amount on interest rate reduction refinancing loans properly.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before June 5, 2012.

ADDRESSES: Submit written comments on the collection of information 
through 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 nancy.kessinger@va.gov. 
Please refer to ``OMB Control No. 2900-0386'' in any correspondence. 
During the comment period, comments may be viewed online through the 
Federal Docket Management System (FDMS) at 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. 3501-21), 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: Interest Rate Reduction Refinancing Loan Worksheet, VA Form 
26-8923.
    OMB Control Number: 2900-0386.
    Type of Review: Extension of a currently approved collection.
    Abstract: Lenders are required to submit VA Form 26-8923, to 
request a guaranty on all interest rate reduction refinancing loan and 
provide a receipt as proof that the funding fee was paid or evidence 
that a claimant was exempt from such fee. VA uses the data collected to 
ensure lenders computed the funding fee and the maximum permissible 
loan amount for interest rate reduction refinancing loans correctly.
    Affected Public: Business or other for profit.
    Estimated Annual Burden: 23,333 hours.
    Estimated Average Burden per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 140,000.

    Dated: April 3, 2012.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Enterprise Records Service.
[FR Doc. 2012-8281 Filed 4-5-12; 8:45 am]
BILLING CODE 8320-01-P