Agency Information Collection Activities Under OMB Review

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0387]

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

[[Page 49160]]

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 14, 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. 2900-0387.''

SUPPLEMENTARY INFORMATION:

Title and Form Number: Request for Verification of Deposit, VA Form

26-8497a.

OMB Control Number: 2900-0387.

Type of Review: Extension of a currently approved collection.

Abstract: The form is primarily used by lenders making guaranteed

and insured loans to verify deposits of applicants in banks and other

savings institutions. It is also used in processing direct loans,

offers on acquired properties, and release from liability/substitution

of entitlement cases when needed. In these types of cases, part I of

the form is completed by the lender and signed by the applicant then

forwarded to the depository. The depository completes part II,

verifying the applicant's deposits, providing information and payment

experience on outstanding loans, and returns the form to the lender.

The information is used by VA to determine the applicant's present and

anticipated income and expenses and that the applicant is a

satisfactory credit risk.

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 January 29, 1998 at page 4525.

Affected Public: Business or other for-profit.

Estimated Annual Burden: 21,565 hours.

Estimated Average Burden Per Respondent: 5 minutes.

Frequency of Response: On occasion.

Estimated Number of Respondents: 258,775.

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. 2900-0387'' in any correspondence.

Dated: August 4, 1998.

By direction of the Secretary.

Donald L. Neilson,

Director, Information Management Service.

[FR Doc. 98-24537 Filed 9-11-98; 8:45 am]

BILLING CODE 8320-01-P