Agency Information Collection Activity: Financial Statement, 14278 [2017-05381]

Agencies

• DEPARTMENT OF VETERANS AFFAIRS

[Federal Register Volume 82, Number 51 (Friday, March 17, 2017)]
[Notices]
[Page 14278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05381]


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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 (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.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before May 16, 2017.

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 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 FDMS.

FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor at (202) 461-
5870.

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.
    OMB Control Number: 2900-0047.
    Type of Review: Extension of a currently approved collection.
    Abstract: The major use of the form is 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.
    Affected Public: Individuals and 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.
Cynthia Harvey-Pryor,
Department Clearance Officer, Office of Privacy and Records Management, 
Department of Veterans Affairs.
[FR Doc. 2017-05381 Filed 3-16-17; 8:45 am]
BILLING CODE 8320-01-P