99-33247. Proposed Information Collection Activity: Proposed Collection; Comment Request

[Federal Register Volume 64, Number 246 (Thursday, December 23, 1999)]
[Notices]
[Pages 72143-72144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33247]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0045]


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) 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 for which 
approval has expired, and allow 60 days for public comment in response 
to the notice. This notice solicits comments for information needed to 
determine the reasonable value of properties proposed as security for 
guaranteed or direct home loans.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before February 22, 2000.

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. 2900-0045'' 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: VA Request for Determination of Reasonable 
Value, VA Form 26-1805.
    OMB Control Number: 2900-0045.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA Form 26-1805 is used to collect data necessary for VA 
compliance with the requirements of Title 38, U.S.C. 3710 (b)(4), (5), 
and (6). These requirements prohibit the VA guaranty or making of any 
loan unless the suitability of the security property for dwelling 
purposes is determined, the loan amount does not exceed the reasonable 
value, and if the loan is for purposes of alteration, repair, or 
improvements, the work substantially improves the basic livability of 
the property. The data supplied by persons and firms completing VA Form 
26-1805 is used by VA personnel to identify and locate properties for 
appraisal and to make assignments to appraisers. VA is required to 
notify potential veteran-purchasers of such properties of the VA-
established reasonable value. VA will also use VA Form 26-1843, 
Certificate of Reasonable Value, (included in the VA Form 1805 Package) 
as a notice to requesters of the reasonable (appraised) value or an 
authorized lender will issue a notice of value in connection with the 
Lender Appraisal Processing Program.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 60,000 hours.
    Estimated Average Burden Per Respondent: 12 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 300,000.

    Dated: December 3, 1999.


[[Page 72144]]


    By direction of the Secretary.
Sandra McIntyre,
Program Analyst, Information Management Service.
[FR Doc. 99-33247 Filed 12-22-99; 8:45 am]
BILLING CODE 8320-01-U