Agency Information Collection Activities Under OMB Review

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0252]

Agency Information Collection Activities Under OMB Review

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

(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 October 13, 1998.

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

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

Affairs, 8l0 Vermont Avenue, NW, Washington, DC 20420, (202) 273-8015

or FAX (202) 273-5981. Please refer to ``OMB Control No. 2900-0252.''

SUPPLEMENTARY INFORMATION:

Title: Application for Authority to Close Loans on an Automatic

Basis--Nonsupervised Lenders, VA Form 26-8736.

OMB Control Number: 2900-0252.

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

approved collection for which approval has expired.

Abstract: Title 38, U.S.C., Section 3702(d)(3) provides for

nonsupervised lenders to make automatically guaranteed loans if the

Secretary of Veterans Affairs approves them for such purposes.

Automatic lending privileges eliminate the requirement for submission

of loans to VA for prior approval. Lending institutions with automatic

loan privileges may process and disburse such loans and subsequently

report the loan to VA for issuance of guaranty. VA Form 26-8736 is used

by nonsupervised lenders to request approval to close loans on an

automatic basis. The form requests information considered crucial for

VA to make acceptability determinations as to lenders who shall be

approved for this privilege.

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 February 11, 1998 at page 7050.

Affected Public: Business or other for-profit.

Estimated Annual Burden: 50 hours.

Estimated Average Burden Per Respondent: 25 minutes.

Frequency of Response: Generally one time.

Estimated Number of Respondents: 120.

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. 2900-0252'' in any correspondence.

Dated: August 14, 1998.

By direction of the Secretary.

Donald L. Neilson,

Director, Information Management Service.

[FR Doc. 98-24362 Filed 9-10-98; 8:45 am]

BILLING CODE 8320-01-P