Veterans Benefits Administration, Department of Veterans Affairs.
In compliance with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501-3521), 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 Start Printed Page 40784nature of the information collection and its expected cost and burden; it includes the actual data collection instrument.
Comments must be submitted on or before August 15, 2005.
For Further Information or a Copy of the Submission Contact:
Denise McLamb, Records Management Service (005E3), 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. 2900-0029.”
Send comments and recommendations concerning any aspect of the information collection to VA's 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. 2900-0029” in any correspondence.End Preamble Start Supplemental Information
a. Offer to Purchase and Contract of Sale, VA Form 26-6705.
b. Credit Statement of Prospective Purchaser, VA Form 26-6705b.
c. Addendum to VA Form 26-6705 Offer to Purchase and Contract of Sale, VA Form 26-6705d.
OMB Control Number: 2900-0029.
Type of Review: Extension of a currently approved collection.
a. VA Form 26-6705 is completed by private sector sales broker to submit an offer to purchase VA acquired property on behalf of a prospective buyer. VA Form 26-6705 becomes a contract of sale if VA accepts the offer to purchase. It serves as a receipt for the prospective buyer for his/her earnest money deposit, describes the terms of sale, and eliminates the need for separate transmittal of a purchase offer.
b. VA Form 26-6705b is used as a credit application to determine the prospective buyer creditworthiness in instances when the prospective buyer seeks VA vendee financing. In such sales, the offer to purchase will not be accepted until the buyer's income and credit history have been verified and a loan analysis has been completed.
c. VA Form 26-6705d is an addendum to VA Form 26-6705 for use in the state of Virginia. The forms requires that the buyer be informed of the State's law at or prior to closing the transaction.
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 2, 2005, at page 10171.
Affected Public: Individuals or households.
Estimated Annual Burden:
a. VA Form 26-6705—20,000 hours.
b. VA Form 26-6705b—15,000 hours.
c. VA Form 26-6705d—250 hours.
Estimated Average Burden Per Respondent:
a. VA Form 26-6705—20 minutes.
b. VA Form 26-6705b—20 minutes.
c. VA Form 26-6705d—5 minutes.
Frequency of Response: On occasion.
Estimated Number of Total Respondents:
a. VA Form 26-6705—60,000.
b. VA Form 26-6705b—45,000.
c. VA Form 26-6705d—3,000.Start Signature
Dated: July 1, 2005.
By direction of the Secretary.
Program Analyst, Records Management Service.
[FR Doc. E5-3718 Filed 7-13-05; 8:45 am]
BILLING CODE 8320-01-P