[Federal Register Volume 78, Number 97 (Monday, May 20, 2013)]
[Page 29435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-11907]

[[Page 29435]]



[OMB Control No. 2900-0111]

Proposed Information Collection (Statement of Purchaser or Owner 
Assuming Seller's Loans) Activity: Comment Request

AGENCY: Veterans Benefits Administration, Department of Veterans 

ACTION: Notice.


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 revision 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 release of liability and substitution 
of entitlement of Veterans-sellers to the government on guaranteed, 
insured and direct loans.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before July 19, 2013.

ADDRESSES: Submit written comments on the collection of information 
through the Federal Docket Management System (FDMS) at 
www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits 
Administration (20M35), Department of Veterans Affairs, 810 Vermont 
Avenue NW., Washington, DC 20420 or email nancy.kessinger@va.gov. 
Please refer to ``OMB Control No. 2900-0111'' in any correspondence. 
During the comment period, comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 632-8924 
or Fax (202) 632-8925.

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 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: Statement of Purchaser or Owner Assuming Seller's Loans, VA 
Form 26-6382.
    OMB Control Number: 2900-0111.
    Type of Review: Revision of a currently approved collection.
    Abstract: VA Form 26-6382 is completed by purchasers who are 
assuming veterans' guaranteed, insured, and direct home loans. The 
information collected is essential in the determinations for release of 
liability as well as for credit underwriting determinations for 
substitution of entitlement. If a veteran chooses to sell his or her VA 
guaranteed home, VA will allow a qualified purchaser to assume the 
veteran's loan and all the responsibility under the guaranty or 
insurance. In regard to substitution of entitlement cases, eligible 
Veteran purchasers must meet all requirements of liability in addition 
to having available loan guaranty entitlement.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 250 hours.
    Estimated Average Burden per Respondent: 15 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 1,000.

    Dated: May 14, 2013.

    By direction of the Secretary.
William F. Russo,
Deputy Director, Office of Regulations Policy and Management, Office of 
General Counsel, Department of Veterans Affairs.
[FR Doc. 2013-11907 Filed 5-17-13; 8:45 am]