Agency Information Collection Activities Under OMB Review

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0377]

Agency Information Collection Activities Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans

Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995

(44 U.S.C., 3501 et seq.), this notice announces that the Veterans

Benefits Administration (VBA), Department of Veterans Affairs, has

submitted 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; it includes the actual data collection

instrument.

DATES: Comments must be submitted on or before December 1, 1997.

FOR FURTHER INFORMATION OR A COPY OF THE SUBMISSION CONTACT: Ron

Taylor, Information Management Service (045A4), Department of Veterans

Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, (202) 273-8015

or FAX (202) 273-5981. Please refer to ``OMB Control No. 2900-0377.''

SUPPLEMENTARY INFORMATION:

Title: Claim for Repurchase of Loan, VA Form 26-8084.

OMB Control Number: 2900-0377.

Type of Review: Extension of a currently approved collection.

Abstract: Under 38 CFR 36.4600(d), 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

[[Page 58778]]

requesting repurchase of a loan, the holder uses VA Form 26-8084. Upon

receipt of a holder's VA Form 26-8084, the supporting documents are

examined to see that all of the documents required have been submitted

and that they are sufficient to complete the repurchase. VA Form 26-

8084 is compared with the settlement sheet prepared when the loan was

sold and examined closely to establish that there are no errors in the

holder's methods of computation. Following repurchase by VA, the

obligor(s) are notified in writing that VA has repurchased the loan,

and the vendee account is serviced and maintained by VA thereafter.

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 on July 18, 1997 at pages 38606-38607.

Affected Public: Business or other for-profit.

Estimated Annual Burden: 421 hours.

Estimated Average Burden Per Respondent: 30 minutes.

Frequency of Response: On occasion.

Estimated Number of Respondents: 842.

Send comments and recommendations concerning any aspect of the

information collection to VA's OMB Desk Officer, Allison Eydt, OMB

Human Resources and Housing Branch, New Executive Office Building, Room

10235, Washington, DC 20503 (202) 395-4650. Please refer to ``OMB

Control No. 2900-0377'' in any correspondence.

Dated: October 7, 1997.

By direction of the Secretary.

Barbara Epps,

Management Analyst, Information Management Service.

[FR Doc. 97-28715 Filed 10-29-97; 8:45 am]

BILLING CODE 8320-01-P