Federal Register #2026-10130

Information Collection Notice: Loan Account Foreclosure Status (VA Form 260971)

This notice from the Veterans Benefits Administration (VBA), part of the Department of Veterans Affairs, concerns an information collection related to loan account foreclosure or liquidation status. - Government Buyer: - Veterans Benefits Administration, Department of Veterans Affairs - Purpose: - Regulatory information collection for loan account foreclosure or liquidation status - Utilizes VA Form 260971 for reporting - Requirements: - Applies when a loan has been in default for three months and meets VA repurchase criteria under 38 CFR 36 - Estimated annual burden: 5 hours - 10 respondents per year, with an average response time of 30 minutes per respondent - No products, services, OEMs, or vendors are involved - Activity is strictly regulatory and not a procurement opportunity

Description

This notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, intends to submit an information collection to the Office of Management and Budget (OMB) for review and comment. The collection relates to the status of loan account foreclosure or other liquidation and includes the actual data collection instrument (VA Form 260971). The form is used in connection with a holder's request for VA to repurchase a loan under 38 CFR 36 when the loan has been in default for three months and the delinquency meets certain criteria. The estimated annual burden is 5 hours with an average of 30 minutes per respondent, and the estimated number of respondents is 10 per year.

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