98-2103. Proposed Information Collection Activity: Proposed Collection; Comment Request

[Federal Register Volume 63, Number 19 (Thursday, January 29, 1998)]
[Notices]
[Page 4525]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2103]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0387]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: The Veterans Benefits Administration (VBA), Department of 
Veterans Affairs, is announcing an opportunity for public comment on 
the proposed collection of certain information by the agency. Under the 
Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to 
publish notice in the Federal Register concerning each proposed 
collection of information, including each proposed extension of a 
currently approved collection, and allow 60 days for public comment in 
response to the notice. This notice solicits comments on requirements 
to determine whether a veteran qualified as a prospective mortgagor for 
mortgage insurance or guaranty or as a borrower for a rehabilitation 
loan under the VA program.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before March 30, 1998.

ADDRESSES: Submit written comments on the collection of information to 
Nancy J. Kessinger, Veterans Benefits Administration (20S52), 
Department of Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 
20420. Please refer to ``OMB Control No. 2900-0387'' in any 
correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at [phone] 
or FAX [phone].

SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104-13; 44 
U.S.C., 3501-3520), Federal agencies must obtain approval from the 
Office of Management and Budget (OMB) for each collection of 
information they conduct or sponsor. This request for comment is being 
made pursuant to Section 3506(c)(2)(A) of the PRA.
    With respect to the following collection of information, VBA 
invites comments on: (1) Whether the proposed collection of information 
is necessary for the proper performance of VBA's functions, including 
whether the information will have practical utility; (2) the accuracy 
of VBA's estimate of the burden of the proposed collection of 
information; (3) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or the use of other forms of 
information technology.
    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.
    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.

    Dated: December 24, 1997.

    By direction of the Secretary.
Barbara H. Epps,
Management Analyst, Information Management Service.
[FR Doc. 98-2103 Filed 1-28-98; 8:45 am]
BILLING CODE 8320-01-P