# Agency Information Collection Activities: Proposed Collection; Comment Request > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/fr%3A96-27242 ## Record - **Collection:** Federal Register - **Document type:** Notice - **Published:** October 24, 1996 - **Citation:** 61 FR 55185 ## Text DEPARTMENT OF VETERANS AFFAIRS Agency Information Collection Activities: Proposed Collection; Comment Request AGENCY: Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, the Veterans Benefits Administration (VBA) invites the general public and other Federal agencies to comment on this information collection. This request for comment is being made pursuant to the Paperwork Reduction Act of 1995 (Public Law 104-13; 44 U.S.C. 3506(c)(2)(A)). Comments should address the accuracy of the burden estimates and ways to minimize the burden including the use of automated collection techniques or the use of other forms of information technology, as well as other relevant aspects of the information collection. DATES: Written comments and recommendations on the proposal for the collection of information should be received on or before December 23, 1996. ADDRESSES: Direct all written comments to Veterans Benefits Administration (20S52), Department of Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420. All written comments will become a matter of public record and will be summarized in the VBA request for Office of Management and Budget (OMB) approval. In this document VBA is soliciting comments concerning the following information collection: OMB Control Number: 2900-0021. Titles and Form Numbers: Notice of Default, VA Form 26-6850; Notice of Default and Intention to Foreclose, VA Form 26-6850a; and Notice of Intention to Foreclose, VA Form 26-6851. Type of Review: Extension of a currently approved collection. Need and Uses: When the VA receives either VA Form 26-6850, 26- 6850a, or 26-6851, the loan service representative will review the form and assign a rating as to the timeliness/completeness of the holder's report. A complete and timely report is necessary to facilitate the VA's determination as to the need for and extent of supplemental servicing in individual cases. The loan status is then coded into LCS (Liquidation and Claims System). LCS is a centralized automated data processing system for the operational control of default reporting, loan servicing, liquidations and claims on outstanding GI loans. Current Actions: Holders of guaranteed loans are required to notify the VA within 45 days of a loan default by reason of nonpayment of any installment for a period of 60 days from the date of the first uncured default. This notice is required by Title 38, U.S.C. 3732(a)(1), and Title 38, CFR 36.4315. Holders are also required to notify the VA of their intention to foreclose. This notice is required by Title 38, U.S.C. 3732(a)(2), and Title 38, CFR 36.4317. After delivery of such notice to the VA, 30 days must pass before the holder can begin court proceedings or give notice of sale under power of sale or otherwise take steps to terminate the debtor's rights in the security. Many times, defaults are determined insoluble by holders at the time the notice of default is to be filed with the VA. In such cases, holders are requested to file VA Form 26-6850a which will provide both notice of default and intent to foreclose together on one form. VA Form 26-6850a requires that servicing efforts be fully explained so that the VA can determine whether supplemental servicing could develop further information which might justify the extension of forbearance to the veteran-borrower as opposed to foreclosure. The information provided is then used to coordinate the actions of the VA and the holder to ensure that all legal requirements regarding foreclosure and claim payment are met. Estimated Total Annual Burden: 66,166 hours. a. VA Form 26-6850--20,166 hours. b. VA Form 26-6850a--26,000 hours. c. VA Form 26-6851--20,000 hours. Estimated Total Average Burden Per Respondent: 14 minutes. a. VA Form 26-6850--10 minutes. b. VA Form 26-6850a--20 minutes. c. VA Form 26-6851--15 minutes. Frequency of Response: On occasion. Estimated Total Number of Respondents: 279,000. a. VA Form 26-6850--121,000 respondents. b. VA Form 26-6850a--78,000 respondents. c. VA Form 26,6851--80,000 respondents. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form should be directed to Department of Veterans Affairs, Attn: Nancy Kessinger, Veterans Benefits Administration (20S52), 810 Vermont Avenue, NW, Washington, DC 20420, telephone (202) 273-7079 or FAX (202) 275-4884. [[Page 55186]] Dated: October 11, 1996. By direction of the Secretary. Donald L. Neilson, Director, Information Management Service. [FR Doc. 96-27242 Filed 10-23-96; 8:45 am] BILLING CODE 8320-01-M --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/fr%3A96-27242. Public record. Not legal advice.