[Federal Register Volume 65, Number 108 (Monday, June 5, 2000)]
[Notices]
[Pages 35699-35700]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-13922]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0110]


Agency Information Collection Activities 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 et seq.), this notice announces that the Veterans 
Benefits Administration (VBA), Department of Veterans Affairs, has 
submitted 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; it includes the actual data collection 
instrument.

DATE: Comments must be submitted on or before July 5, 2000.

FOR FURTHER INFORMATION OR A COPY OF THE SUBMISSION CONTACT: Denise 
McLamb, Information Management Service (045A4), Department of Veterans 
Affairs, 810 Vermont Avenue, NW, Washington, DC 20420, (202) 273-8030 
or FAX (202) 273-5981. Please refer to ``OMB Control No. 2900-0110.''

SUPPLEMENTARY INFORMATION:
    Title: Application for Assumption Approval and/or Release from 
Personal Liability to the Government on a Home Loan, VA Form 26-6381.
    OMB Control Number: 2900-0110.
    Type of Review: Extension of a currently approved collection.
    Abstract: Title 38, U.S.C., Section 3713(a) provides that when a 
veteran disposes of his or her interest in the property securing the 
loan, the VA may, upon request, release the original veteran-borrower 
from personal liability to the Government only if three requirements 
are fulfilled. First, the loan must be current. Second, the purchaser 
must assume all of the veteran's liability to the Government and the 
mortgage holder on the guaranteed loan. Third, the purchaser must 
qualify from a credit and income standpoint, to the same extent as if 
he or she were a veteran

[[Page 35700]]

applying for a VA-guaranteed loan in the same amount as the loan being 
assumed. Veterans who are selling their homes by assumption rather than 
requiring purchasers to obtain their own financing to pay off the loan 
must complete this form. The information furnished is essential to 
determinations for assumption approval, release of liability, and 
substitution of 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 January 14, 2000, at page 2459.
    Affected Public: Individuals or households, Business or other for 
profit.
    Estimated Annual Burden: 680 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 4,082.
    Send comments and recommendations concerning any aspect of the 
information collection to VA's OMB Desk Officer, Allison Eydt, OMB 
Human Resources and Housing Branch, New Executive Office Building, Room 
10235, Washington, DC 20503 (202) 395-4650. Please refer to ``OMB 
Control No. 2900-0110'' in any correspondence.

    Dated: May 16, 2000.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 00-13922 Filed 6-2-00; 8:45 am]
BILLING CODE 8320-01-P