Federal Register #29000111

Notice of Information Collection: Statement of Purchaser or Owner Assuming Seller's Loan (VA Form 266382)

This notice from the Veterans Benefits Administration (VBA), part of the Department of Veterans Affairs, announces a proposed information collection and requests public comment. - Government Buyer: - Department of Veterans Affairs - Veterans Benefits Administration - Purpose: - Seeks public input on the 'Statement of Purchaser or Owner Assuming Seller's Loan' (VA Form 266382) - Used to determine eligibility for release of liability and substitution of entitlement when a VA-guaranteed loan is assumed - No procurement of products or services is involved - No OEMs, vendors, or commercial products are mentioned - Focus is on information collection burden and compliance with the Paperwork Reduction Act - No contract, purchase, or acquisition is being solicited

Description

This notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information titled 'Statement of Purchaser or Owner Assuming Sellers Loan' (VA Form 266382) to the Office of Management and Budget (OMB) for review and comment. The form is used to determine eligibility for release of liability and substitution of entitlement when a VA guaranteed loan is assumed. The collection is authorized under 38 U.S.C., section 3702. The number of respondents has increased due to below market interest rates on assumable VA loans, resulting in an increase in total burden hours. Comments and recommendations for the proposed information collection should be sent by July 6, 2026.

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