Agency Information Collection Activities Under OMB Review

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0386]

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 January 30, 1998.

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. 2900-0386.''

SUPPLEMENTARY INFORMATION:

Title and Form Number: Interest Rate Reduction Refinancing Loan

Worksheet, VA Form 26-8923.

OMB Control Number: 2900-0386.

Type of Review: Reinstatement, without change, of a previously

approved collection for which approval has expired.

Abstract: Lenders are required to submit VA Form 26-8923 when

requesting guaranty on an interest rate reduction refinancing loan. VA

loan examiners must assure that the requirements of the Deficit

Reduction Act of 1984 and applicable VA regulations have been met

before the issuance of guaranty. The form ensures that lenders

correctly compute the funding fee and the maximum permissible loan

amount for interest rate reduction refinancing loans.

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 March 13, 1997 at page 11949.

Affected Public: Business or other for-profit.

Estimated Annual Burden: 13,070 hours.

Estimated Average Burden Per Respondent: 10 minutes.

Frequency of Response: On occasion.

Estimated Number of Respondents: 78,422.

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. 2900-0386'' in any correspondence.

Dated: December 8, 1997.

By direction of the Secretary.

Donald L. Neilson,

Director, Information Management Service.

[FR Doc. 97-34126 Filed 12-30-97; 8:45 am]

BILLING CODE 8320-01-P