2022-25702. Agency Information Collection Activity: Offer To Purchase and Contract of Sale; Credit Statement of Prospective Purchaser; and Addendum to Offer To Purchase and Contract of Sale (VIRGINIA)

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:

Written comments and recommendations on the proposed collection of information should be received on or before December 27, 2022.

FOR FURTHER INFORMATION CONTACT:

Maribel Aponte, Office of Enterprise and Integration, Data Governance Analytics (008), 810 Vermont Ave. NW, Washington, DC 20006, [phone] or email [e-mail]. Please refer to “OMB Control No. 2900-0029” in any correspondence.

SUPPLEMENTARY INFORMATION:

 

Authority:44 U.S.C. 3501-21.

Title: VA Form 26-6705, Offer to Purchase and Contract of Sale; VA Form 26-6705b, Credit Statement of Prospective Purchaser; and VA Form 26-6705d, Addendum to Offer to Purchase and Contract of Sale (Virginia).

OMB Control Number: 2900-0029.

Type of Review: Extension of a currently approved collection.

Abstract: Under the authority of 38 U.S.C. 3720(a)(5) and (6) the Department of Veterans Affairs (VA) acquires properties for sale to the general public utilizing a private Service Provider. Without this collection, a determination of the best offer for a property and the highest net return/cash equivalent value could not be made to determine the most financially advantageous purchase offer to VA (VA Form 26-6705); the creditworthiness of a prospective buyer could not be determined and the offer to purchase could not be accepted (VA Form 26-6705b or FNMA1003; and, proper acknowledgment of State law by the buyer at or prior to closing would not be made (VA Form 26-6705d)).

The Federal Register Notice with a 60-day comment period soliciting comments on this collection of information was published at 87 FR 57753 on September 21, 2022, pages 57753 and 57754.

Affected Public: Individuals or Households.

Estimated Annual Burden: 17,458.

Estimated Average Burden per Respondent: 20 minutes and 5 minutes (average 15 minutes between the three forms).

Frequency of Response: One time.

Estimated Number of Respondents: 53,500.

By direction of the Secretary.

Maribel Aponte,

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