98-3401. Proposed Information Collection Activity: Proposed Collection; Comment Request

[Federal Register Volume 63, Number 28 (Wednesday, February 11, 1998)]
[Notices]
[Page 7050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3401]


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DEPARTMENT OF VETERANS AFFAIRS

OMB Control No. 2900-0252


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 the 
application for authority to close loans on an automatic basis for 
nonsupervised lenders.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before April 13, 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. 2900-0252'' 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: Application for Authority to Close Loans on an Automatic 
Basis--Nonsupervised Lenders, VA Form 26-8736.
    OMB Control Number: 2900-0252.
    Type of Review: Extension of a currently approved collection.
    Abstract: Title 38 U.S.C. 3702(d)(3) provides for nonsupervised 
lenders to make automatically guaranteed loans if the Secretary of 
Veterans Affairs approves them for such purposes. Automatic lending 
privileges eliminate the requirement for submission of loans to VA for 
prior approval. Lending institutions with automatic loan privileges may 
process and disburse such loans and subsequently report the loan to VA 
for issuance of guaranty. VA Form 26-8736 is used by nonsupervised 
lenders to request approval to close loans on an automatic basis. The 
form requests information considered crucial for VA to make 
acceptability determinations as to lenders who shall be approved for 
this privilege.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 50 hours.
    Estimated Average Burden Per Respondent: 25 minutes.
    Frequency of Response: Generally one time.
    Estimated Number of Respondents: 120.

    Dated: January 26, 1998.

    By direction of the Secretary.
Donald L. Neilson,
Director Information Management Service.
[FR Doc. 98-3401 Filed 2-10-98; 8:45 am]
BILLING CODE 8320-01-P