[Federal Register Volume 75, Number 221 (Wednesday, November 17, 2010)]
[Notices]
[Pages 70364-70365]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-28979]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0111]


Agency Information Collection (Statement of Purchaser or Owner 
Assuming Seller's Loans) Activity Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995 
(44 U.S.C. 3501-3521), this notice announces that the Veterans Benefits 
Administration, Department of Veterans Affairs, will submit the 
collection of information abstracted below to the Office of Management 
and Budget (OMB) for review and comment. The PRA submission describes 
the nature of the information collection and its expected cost and 
burden and includes the actual data collection instrument.

DATE:  Comments must be submitted on or before December 17, 2010.

ADDRESSES: Submit written comments on the collection of information 
through http://www.Regulations.gov; or to VA's OMB Desk Officer, OMB 
Human Resources and Housing Branch, New Executive Office Building, Room 
10235, Washington, DC 20503, (202) 395-7316. Please refer to ``OMB 
Control No. 2900-0111'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Denise McLamb, Enterprise Records 
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue, 
NW., Washington, DC 20420, (202) 461-7485, FAX (202) 273-0443 or e-mail 
<a href="/cdn-cgi/l/email-protection#6d090803041e0843000e010c000f2d000c0401431b0c430a021b"><span class="__cf_email__" data-cfemail="d9bdbcb7b0aabcf7b4bab5b8b4bb99b4b8b0b5f7afb8f7beb6af">[email protected]</span></a>. Please refer to ``OMB Control No. 2900-
0111.''

SUPPLEMENTARY INFORMATION: Title: Statement of Purchaser or Owner 
Assuming Seller's Loans, VA Form 26-6382.
    OMB Control Number: 2900-0111.
    Type of Review: Extension 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

[[Page 70365]]

purchasers must meet all requirements of liability in addition to 
having available loan guaranty entitlement.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published on September 9, 2010, at pages 54965.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 250 hour.
    Estimated Average Burden per Respondent: 15 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 1,000.

    Dated: November 12, 2010.

    By direction of the Secretary.
Denise McLamb,
Program Analyst, Enterprise Records Service.
[FR Doc. 2010-28979 Filed 11-16-10; 8:45 am]
BILLING CODE 8320-01-P


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