Agency Information Collection Activity Under OMB Review: Loan Guaranty: Processing Assumptions of VA-Guaranteed Home Loans Under 38 U.S.C. 3714, 63255 [2024-17064]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 89, No. 149 / Friday, August 2, 2024 / Notices comment in response to the notice. DATES: Comments must be received on or before October 1, 2024. ADDRESSES: Comments must be submitted through www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Program—Specific information: Nancy J. Kessinger, 202–632–8924, Nancy.Kessinger@va.gov. VA PRA information: Maribel Aponte, 202–461–8900, vacopaperworkreduact@ va.gov. 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. Title: Application by Insured Terminally Ill Person for Accelerated Benefit, Forms SGLV 8284 and SGLV 8284A. OMB Control Number: 2900–0618. https://www.reginfo.gov/public/do/ PRASearch (Once at this link, you can enter the OMB Control Number to find the historical versions of this Information Collection). Type of Review: Extension of a currently approved collection. Abstract: VA has amended regulations for the Servicemembers’ Group Life Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI) programs to add accelerated death benefit (Accelerated Benefit) provisions that permit terminally ill policyholders access to the death benefits of their policies before they die. Traditionally, an individual purchases life insurance in order to safeguard his or her dependents VerDate Sep<11>2014 16:22 Aug 01, 2024 Jkt 262001 against major financial loss due to his or her death. Life insurance serves to replace the lost income of an insured and to provide for his or her final expenses. In recent years, the insurance industry has recognized the financial needs of terminally ill policyholders and has begun offering policies with accelerated benefit provisions. A recent statutory amendment (section 302 of the Veterans Programs Enhancement Act of 1998, Pub. L. 105–368, 112 Stat. 3315, 3332–3333) added section 1980 to title 38, United States Code, which extends an accelerated benefit option to terminally ill persons insured in the SGLI and VGLI programs. Affected Public: Individuals and households. Estimated Annual Burden: 40 hours. Estimated Average Burden Per Respondent: 12 minutes. Frequency of Response: One-time. Estimated Number of Respondents: 200. Authority: 44 U.S.C. 3501 et seq. Maribel Aponte, VA PRA Clearance Officer, Office of Enterprise and Integration/Data Governance Analytics, Department of Veterans Affairs. [FR Doc. 2024–17063 Filed 8–1–24; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0516] Agency Information Collection Activity Under OMB Review: Loan Guaranty: Processing Assumptions of VAGuaranteed Home Loans Under 38 U.S.C. 3714 Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: 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. SUMMARY: PO 00000 Frm 00099 Fmt 4703 Sfmt 9990 63255 Comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice by clicking on the following link www.reginfo.gov/public/do/PRAMain, select ‘‘Currently under Review—Open for Public Comments’’, then search the list for the information collection by Title or ‘‘OMB Control No. 2900–0516.’’ FOR FURTHER INFORMATION CONTACT: VA PRA information: Maribel Aponte, 202– 461–8900, vacopaperworkreduact@ va.gov. DATES: SUPPLEMENTARY INFORMATION: Title: Loan Guaranty: Processing Assumptions of VA-Guaranteed Home Loans under 38 U.S.C. 3714. OMB Control Number: 2900–0516. Type of Review: Reinstatement of a previously approved collection. Abstract: The collection of information is through electronic submission and is accomplished only once per respondent, per loan assumption transaction. This collection is necessary to identify the individual case to ensure VA has met all legal requirements concerning collection of the above-discussed credit package under 38 CFR 36.4301 and copy of the executed deed and/or assumption agreement pursuant to 38 CFR 36.4303(l)(1)(i)(A). 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 at 89 FR 46573, May 29, 2024. Affected Public: Individuals and households. Estimated Annual Burden: 514 hours. Estimated Average Burden per Respondent: 15 minutes. Frequency of Response: One time. Estimated Number of Respondents: 2,055. Authority: 44 U.S.C. 3501 et seq. Maribel Aponte, VA PRA Clearance Officer, Office of Enterprise and Integration, Data Governance Analytics, Department of Veterans Affairs. [FR Doc. 2024–17064 Filed 8–1–24; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\02AUN1.SGM 02AUN1

Agencies

[Federal Register Volume 89, Number 149 (Friday, August 2, 2024)]
[Notices]
[Page 63255]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17064]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0516]


Agency Information Collection Activity Under OMB Review: Loan 
Guaranty: Processing Assumptions of VA-Guaranteed Home Loans Under 38 
U.S.C. 3714

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: Comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by clicking on the following link www.reginfo.gov/public/do/PRAMain, 
select ``Currently under Review--Open for Public Comments'', then 
search the list for the information collection by Title or ``OMB 
Control No. 2900-0516.''

FOR FURTHER INFORMATION CONTACT: VA PRA information: Maribel Aponte, 
202-461-8900, [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Loan Guaranty: Processing Assumptions of VA-Guaranteed Home 
Loans under 38 U.S.C. 3714.
    OMB Control Number: 2900-0516.
    Type of Review: Reinstatement of a previously approved collection.
    Abstract: The collection of information is through electronic 
submission and is accomplished only once per respondent, per loan 
assumption transaction. This collection is necessary to identify the 
individual case to ensure VA has met all legal requirements concerning 
collection of the above-discussed credit package under 38 CFR 36.4301 
and copy of the executed deed and/or assumption agreement pursuant to 
38 CFR 36.4303(l)(1)(i)(A).
    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 at 89 FR 46573, May 29, 2024.
    Affected Public: Individuals and households.
    Estimated Annual Burden: 514 hours.
    Estimated Average Burden per Respondent: 15 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 2,055.
    Authority: 44 U.S.C. 3501 et seq.

Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data 
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2024-17064 Filed 8-1-24; 8:45 am]
BILLING CODE 8320-01-P
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