82 FR 25501 - Agency Information Collection Activity: Financial Statement

DEPARTMENT OF VETERANS AFFAIRS

Federal Register Volume 82, Issue 104 (June 1, 2017)

In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), 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.

[Federal Register Volume 82, Number 104 (Thursday, June 1, 2017)]
[Notices]
[Pages 25501-25502]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11298]


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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: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration (VBA), 
Department of Veterans Affairs (VA), 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.

DATES: Comments must be submitted on or before July 3, 2017.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov, or to Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725 
17th St. NW., Washington, DC 20503 or sent through electronic mail to 
[email protected]. Please refer to ``OMB Control No. 2900-
0047'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor, Enterprise 
Records Service (005R1B), Department of Veterans Affairs, 810 Vermont 
Avenue NW., Washington, DC 20420, (202) 461-5870 or email 
[email protected]. Please refer to ``OMB Control No. 2900-
0047'' in any correspondence.

SUPPLEMENTARY INFORMATION:

    Authority: Public Law 104-13; 44 U.S.C. 3501-3521.

    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.
    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 Vol. 82, No. 51 on March 17, 2017, page 
14278.
    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.


[[Page 25502]]


    By direction of the Secretary.
Cynthia Harvey-Pryor,
Department Clearance Officer, Enterprise Records Service, Office of 
Quality and Compliance, Department of Veterans Affairs.
[FR Doc. 2017-11298 Filed 5-31-17; 8:45 am]
BILLING CODE 8320-01-P