95-27996. Proposed Information Collection Activity; Public Comment Request: Nonsupervised Lender's Nomination and Recommendation of Credit Underwriter, VA Form 26-8736a

[Federal Register Volume 60, Number 219 (Tuesday, November 14, 1995)]
[Notices]
[Page 57265]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27996]



=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS


Proposed Information Collection Activity; Public Comment Request: 
Nonsupervised Lender's Nomination and Recommendation of Credit 
Underwriter, VA Form 26-8736a

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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

SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, Veterans Benefits Administration (VBA) invites the 
general public and other Federal agencies to comment on this 
information collection. This request for comment is being made pursuant 
to the Paperwork Reduction Act of 1995 (Pub. L. 104-13; 44 U.S.C. 
3506(c)(2)(A)). Comments should address the accuracy of the burden 
estimates and ways to minimize the burden including the use of 
automated collection techniques or the use of other forms of 
information technology, as well as other relevant aspects of the 
information collection.

DATES: Written comments and recommendations on the proposal for the 
collection of information should be received on or before January 16, 
1996.

ADDRESSES: Direct all written comments to Nancy J. Kessinger, Veterans 
Benefits Administration (20M30), Department of Veterans Affairs, 810 
Vermont Avenue, NW, Washington, DC 20420. All comments will become a 
matter of public record and will be summarized in the VBA request for 
Office of Management and Budget (OMB) approval. In this document VBA is 
soliciting comments concerning the following information collection:
    OMB Control Number: 2900-0253.
    Title and Form Number: Nonsupervised Lender's Nomination and 
Recommendation of Credit Underwriter, VA Form 26-8736a.
    Type of Review: Extension of a currently approved collection.
    Need and Uses: The form is submitted to VBA by a nonsupervised 
lender with the initial application for authority to close loans on an 
automatic basis or in connection with nominations of additional or new 
credit underwriters, subsequent to approval. The information is used by 
VBA to determine if the lender's nominee is qualified to close VA loans 
on an automatic basis.
    Current Actions: Title 38, U.S.C., Section 3702(d) provides for 
nonsupervised lenders to make automatic guaranteed loans if approved 
for such purpose, and if the loans are made pursuant to the standards 
established by the Secretary of Veterans Affairs. The standards 
established by the Secretary require that a lender have a qualified 
underwriter review all loans to be closed on an automatic basis to 
determine that the loan meets VA's credit underwriting standards.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 1,000 hours.
    Estimated Average Burden Per Respondent: 20 minutes.
    Frequency of Response: Generally one-time.
    Estimated Number of Respondents: 3,000.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Department of Veterans 
Affairs, Attn: Ron Taylor, VA Clearance Officer (045A4), Department of 
Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, 
Telephone [phone] or FAX [phone].

    Dated: October 31, 1995.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 95-27996 Filed 11-13-95; 8:45 am]
BILLING CODE 8320-01-P