[Federal Register Volume 62, Number 49 (Thursday, March 13, 1997)]
[Notices]
[Page 11949]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-6405]


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DEPARTMENT OF VETERANS AFFAIRS

Agency Information Collection Activities: Proposed Collection; 
Comment

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, the Veterans Benefits Administration (VBA) invites 
the general public and other Federal agencies to comment on this 
information collection. This request for comment is being made pursuant 
to the Paperwork Reduction Act of 1995 (Pub. L. 104-13; 44 U.S.C. 
3506(c)(2)(A)). Comments should address the accuracy of the burden 
estimates and ways to minimize the burden including the use of 
automated collection techniques or the use of other forms of 
information technology, as well as other relevant aspects of the 
information collection.

DATES: Written comments and recommendations on the proposal for the 
collection of information should be received on or before May 12, 1997.

ADDRESSES: Direct all written comments to Nancy J. Kessinger, Veterans 
Benefits Administration (20S52), Department of Veterans Affairs, 810 
Vermont Avenue, NW, Washington, DC 20420. All comments will become a 
matter of public record and will be summarized in the VBA request for 
Office of Management and Budget (OMB) approval. In this document VBA is 
soliciting comments concerning the following information collection:
    OMB Control Number: 2900-0386.
    Title and Form Number: Interest Rate Reduction Refinancing Loan 
Worksheet, VA Form 26-8923.
    Type of Review: Extension of a currently approved collection.
    Need and Uses: Lenders are required to submit VA Form 26-8923 when 
requesting guaranty on an interest rate reduction refinancing loan. VA 
loan examiners must assure that the requirements of the Deficit 
Reduction Act of 1984 and applicable VA regulations have been met 
before the issuance of guaranty. The form ensures that lenders 
correctly compute the funding fee and the maximum permissible loan 
amount for interest rate reduction refinancing loans.
    Current Actions: For a loan to be eligible for guaranty under Title 
38 U.S.C. 3710(a)(8) or 3712(a)(1)(F), Title 38 U.S.C. 3710(e)(1)(C), 
provides that the amount of the loan may not exceed an amount equal to 
the sum of the balance of the loan being refinanced and such closing 
costs (include any discount permitted pursuant to Section 3703(c)(3)(A) 
of this Title as may be authorized by the Secretary, under regulations 
which the Secretary shall prescribe, to be included in such loans.
    Affected Public: Business or other for-profit.
    Estimated Annual Burden: 13,070 hours.
    Estimated Average Burden Per Respondent: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 78,422.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form should be directed to Department of Veterans 
Affairs, Attn: Nancy J. Kessinger, Veterans Benefits Administration 
(20S52), Department of Veterans Affairs, 810 Vermont Avenue, NW, 
Washington, DC 20420, Telephone (202) 273-7079 or FAX (202) 275-4884.

    Dated: February 11, 1997.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 97-6405 Filed 3-12-97; 8:45 am]
BILLING CODE 8320-01-P