99-25125. Proposed Information Collection Activity: Proposed Collection; Comment Request

[Federal Register Volume 64, Number 187 (Tuesday, September 28, 1999)]
[Notices]
[Pages 52371-52372]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-25125]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0381]


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 (VA), 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 for 
information needed to determine the holder's election to convey and 
transfer foreclosed property to VA.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before November 29, 1999.

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. 2900-0381'' in any 
correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at [phone] 
or FAX [phone].

SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Public Law 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: Notice for Election to Convey and/or Invoice for Transfer of 
Property, VA Form 26-8903.
    OMB Control Number: 2900-0381.
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 3732 of Title 38, U.S.C., and 38 CFR 
36.4320(a)(1), provides that if a minimum amount for credit to the 
borrower's indebtedness has been specified by VA in relation to the 
sale of the real property and the holder is the successful bidder at 
the sale for no more than the amount

[[Page 52372]]

specified by the Secretary, the holder will credit the indebtedness 
with that amount. The holder may then retain the property, or not later 
than 15 days after the date of sale, advise the Secretary of its 
election to convey and transfer the property to the Secretary. VA Form 
26-8903 serves four purposes: holder's election to convey; invoice for 
the purchase price of the property; VA's voucher for authorizing 
payment to the holder; and establishment of the VA's property records. 
The form provides the holder, who has elected to convey a property to 
the VA, with a convenient and uniform means of notification to the 
proper VA regional office. This form simplifies processing for lenders/
holders who, in most instances, operate branch offices statewide and 
nationwide.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 5,000 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 30,000.

    Dated: August 19, 1999.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 99-25125 Filed 9-27-99; 8:45 am]
BILLING CODE 8320-01-P