81 FR 15149 - Proposed Information Collection-Status of Loan Account-Foreclosure or Other Liquidation, VA Form 26-0971; Activity: Comment Request

DEPARTMENT OF VETERANS AFFAIRS

Federal Register Volume 81, Issue 54 (March 21, 2016)

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 new collection, and allow 60 days for public comment in response to the notice. The holder of a vendee account which has been guaranteed by the Department of Veterans Affairs (VA) may request VA to repurchase a loan as provided in 38 CFR 36.

[Federal Register Volume 81, Number 54 (Monday, March 21, 2016)]
[Notices]
[Pages 15149-15150]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06275]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-NEW]


Proposed Information Collection--Status of Loan Account--
Foreclosure or Other Liquidation, VA Form 26-0971; Activity: 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 new collection, and 
allow 60 days for public comment in response to the notice. The holder 
of a vendee account which has been guaranteed by the Department of 
Veterans Affairs (VA) may request VA to repurchase a loan as provided 
in 38 CFR 36.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before May 20, 2016.

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 Administrations (20M33), 
Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 
20420 or email to [email protected]. Please refer to ``OMB Control 
No. 2900-NEW'' (Status of Loan Account--Foreclosure or other 
Liquidation, VA Form 26-0971)'' in any correspondence. During the 
comment period, comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 632-8924 
or FAX (202) 632-8925.

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

[[Page 15150]]

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: Status of Loan Account--Foreclosure or other Liquidation.
    OMB Control Number: 2900-NEW.
    Type of Review: New collection.
    Abstract: Under 38 CFR 36, the holder of a delinquent vendee 
account is legally entitled to repurchase of the loan by VA when the 
loan has been continuously in default for 3 months and the amount of 
the delinquency equals or exceeds the sum of 2 monthly installments. 
When requesting the repurchase of a loan, the holder uses VA Form 26-
0971.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 10 hours.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 20.

    By direction of the Secretary.
Kathleen M. Manwell,
Program Analyst, VA Privacy Service, Office of Privacy and Records 
Management, Department of Veterans Affairs.
[FR Doc. 2016-06275 Filed 3-18-16; 8:45 am]
 BILLING CODE 8320-01-P