[Federal Register Volume 82, Number 51 (Friday, March 17, 2017)]
[Notices]
[Page 14278]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05381]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0047]
Agency Information Collection Activity: Financial Statement
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.
DATES: Written comments and recommendations on the proposed collection
of information should be received on or before May 16, 2017.
ADDRESSES: Submit written comments on the collection of information
through Federal Docket Management System (FDMS) at www.Regulations.gov
or to Nancy J. Kessinger, Veterans Benefits Administration (20M33),
Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC
20420 or email to [email protected]. Please refer to ``OMB Control
No. 2900-0047'' in any correspondence. During the comment period,
comments may be viewed online through FDMS.
FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor at (202) 461-
5870.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104-13; 44
U.S.C. 3501-3521), 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: Financial Statement.
OMB Control Number: 2900-0047.
Type of Review: Extension of a currently approved collection.
Abstract: The major use of the form is to determine a borrower's
financial condition in connection with efforts to reinstate a seriously
defaulted, guaranteed, insured, or portfolio loan. In addition, the
form is used in determining the financial feasibility of a veteran or
service member to obtain a home with the assistance of a Specially
Adapted Housing Grant under 38 U.S.C., Chapter 21. Also, VA Form 26-
6807 may be used to establish eligibility of homeowners for aid under
the Homeowners Assistance Program, Public Law 89-754, which provides
assistance by reducing losses incident to the disposal of homes when
military installations at which the homeowners were employed or serving
are ordered closed in whole or in part. Finally, the form is used in
release of liability and substitution of entitlement cases. Under the
provisions of 38 U.S.C. 3714, the Department of Veterans Affairs (VA)
may release original veteran obligors from personal liability arising
from the original guaranty of their home loans, or the making of a
direct loan, provided purchasers/assumers meet the necessary
requirements, among which is qualifying from a credit standpoint.
Substitution of entitlement is authorized by 38 U.S.C. 3702(b)(2) and
prospective veteran-assumers must also meet the creditworthiness
requirements.
Affected Public: Individuals and households.
Estimated Annual Burden: 2,250 hours.
Estimated Average Burden per Respondent: 45 minutes.
Frequency of Response: On occasion.
Estimated Number of Respondents: 3,000.
By direction of the Secretary.
Cynthia Harvey-Pryor,
Department Clearance Officer, Office of Privacy and Records Management,
Department of Veterans Affairs.
[FR Doc. 2017-05381 Filed 3-16-17; 8:45 am]
BILLING CODE 8320-01-P