2024-26799. Agency Information Collection Activity Under OMB Review: Application for Cash Surrender or Policy Loan and Application for Cash Surrender (Docusign)

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Department of Veterans Affairs

1. [OMB Control No. 2900-0012]

AGENCY:

Veterans Benefits Administration, Department of Veterans Affairs.

ACTION:

Notice.

SUMMARY:

In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit 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, and it includes the actual data collection instrument.

DATES:

Comments and recommendations for the proposed information collection should be sent by December 18, 2024.

ADDRESSES:

To submit comments and recommendations for the proposed information collection, please type the following link into your browser: www.reginfo.gov/​public/​do/​PRAMain, select “Currently under Review—Open for Public Comments”, then search the list for the information collection by Title or “OMB Control No. 2900-0012.”

FOR FURTHER INFORMATION CONTACT:

VA PRA information: Maribel Aponte, [phone], [e-mail].

SUPPLEMENTARY INFORMATION:

Title: Application for Cash Surrender or Policy Loan (VA Form 29-1546). Application for Cash Surrender (VA Form 29-1546e—DocuSign).

OMB Control Number: 2900-0012— https://www.reginfo.gov/​public/​do/​PRASearch.

Type of Review: Extension without change of a currently approved collection.

Abstract: The Application for Cash Surrender or Policy Loan solicits information needed from Veterans to apply for cash surrender value or policy loan on his/her insurance. The VA Form 29-1546e has been added to this collection. This is an electronic version of the 29-1546 but is for cash surrender only. This form was created so Veterans can apply for a cash surrender of their policy online. This will not affect the number of respondents but will make it ( print page 90835) easier and reduce the time it takes for Veterans to receive the cash value of their policy. The information on this form is required by law, 38 U.S.C. 1906 and 1944, 38 CFR 6.115, 6.116, 6.117, 8.27, 6.100, 6.101 and 8.28.

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 at 89 FR 73507, September 10, 2024.

Affected Public: Individuals or Households.

Estimated Annual Burden: 4,939 hours.

Estimated Average Burden per Respondent: 10 minutes.

Frequency of Response: Upon Request.

Estimated Number of Respondents: 29,636.

Authority:44 U.S.C. 3501 et seq.

Maribel Aponte,

VA PRA Clearance Officer, Office of Enterprise and Integration, Data Governance Analytics, Department of Veterans Affairs.