Veterans Benefits Administration, Department of Veterans Affairs
In compliance with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501-21), 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 and includes the actual data collection instrument.
Comments must be submitted on or before October 27, 2003.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Denise McLamb, Records Management Service (005E3), Department of Veterans Affairs, 810 Vermont Avenue, NW., or e-mail email@example.com. Please refer to “OMB Control No. 2900-0386.”
Send comments and recommendations concerning any aspect of the information collection 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. 2900-0386” in any correspondence.End Further Info End Preamble Start Supplemental Information
Title: Interest Rate Reduction Refinancing Loan Worksheet, VA Form 26-8923.
OMB Control Number: 2900-0386.
Type of Review: Extension of a currently approved collection.
Abstract: Title 38 U.S.C., section 3729(a) requires VA to collect a funding fee in connection with guaranteed or direct loans. The fee is payable for both home and manufactured home loans. To be eligible for guaranty, reports of loan disbursement and automatic loan reports for loans must include either a receipt showing that the funding fee has Start Printed Page 55745been paid or evidence that the veteran is exempt from the requirement of paying the fee. Lenders are required to submit VA Form 26-8923 with VA Form 26-1820, Report and Certification of Loan Disbursement, as applicable, 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, 38 U.S.C. 3710(a)(8) or 3712(a)(1)(F), and applicable VA regulations are 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.
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 March 19, 2003 at page 13364.
Affected Public: Business or other for profit.
Estimated Annual Burden: 16,667 hours.
Estimated Average Burden Per Respondent: 10 minutes.
Frequency of Response: On occasion.
Estimated Number of Total Respondents: 100,000.Start Signature
Dated: September 15, 2003.
By direction of the Secretary.
IT Specialist, Records Management Service.
[FR Doc. 03-24305 Filed 9-25-03; 8:45 am]
BILLING CODE 8320-01-P