Regulation

Agency Information Collection Activity: Application for Assumption Approval and/or Release From Personal Liability to the Government on a Home Loan

Veterans Affairs Department

NAICS 541512
Source: Federal Register

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Posted Date
Response Deadline
NAICS Code
541512
Source
Federal Register

Description

DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900-0110] Agency Information Collection Activity: Application for Assumption Approval and/or Release From Personal Liability to the Government on a Home Loan AGENCY: Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. SUMMARY: Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. DATES: Comments must be received on or before October 13, 2026. ADDRESSES: Comments must be submitted through www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Program-Specific information: Kendra McCleave, 202 461-9760, Kendra.McCleave@va.gov . VA PRA information: Dorothy Glasgow, 202-461-1084, VAPRA@va.gov. SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VBA invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of VBA's functions, including whether the information will have practical utility; (2) the accuracy of VBA's estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Title: Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan. OMB Control Number: 2900-0110. https://www.reginfo.gov/public/do/PRASearch (Once at this link, you can enter the OMB Control Number to find the historical versions of this Information Collection). Type of Review: Revision of a Currently Approved Collection. Abstract: VA Form 26-6381, Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan is completed by Veterans who are selling their homes by assumption rather than requiring purchasers to obtain their own financing to pay off the loan. The data furnished on the form is essential to determinations for assumption approval, release of liability, and substitution of entitlement in accordance with 38 U.S.C. 3713(a) and 3714 and 3702(b)(2). The respondent count increased from 1,000 to 5,000, which also increased the annual burden hours from 167 hours to 835 hours. This was due to the increasing number of assumptions due to the availability of assumable low-interest rate loans in the currently high-interest rate environment. Affected Public: Individuals and households. Estimated Annual Burden: 835 hours. Estimated Average Burden per Respondent: 10 minutes. Frequency of Response: One-time. Estimated Number of Respondents: 5,000. Authority: 44 U.S.C. 3501 et seq. Shunda Willis, Alternate, VA PRA Clearance Officer, Office of Information Technology/Data Governance Analytics, Department of Veterans Affairs. [FR Doc. 2026-16501 Filed 8-12-26; 8:45 am] BILLING CODE 8320-01-P

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