Notice2021-25066
Agency Information Collection Activity Under OMB Review: FNMA Forms 1004, 1004C, 1025, 2055 and 1075
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 17, 2021
Issuing agencies
Veterans Affairs Department
Abstract
In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit 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 it includes the actual data collection instrument.
Full Text
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<title>Federal Register, Volume 86 Issue 219 (Wednesday, November 17, 2021)</title>
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[Federal Register Volume 86, Number 219 (Wednesday, November 17, 2021)]
[Notices]
[Page 64297]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25066]
[[Page 64297]]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0890]
Agency Information Collection Activity Under OMB Review: FNMA
Forms 1004, 1004C, 1025, 2055 and 1075
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
this notice announces that the Veterans Benefits Administration,
Department of Veterans Affairs, will submit 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 it
includes the actual data collection instrument.
DATES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to
``OMB Control No. 2900-0890.
FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise
and Integration, Data Governance Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266-4688 or email <a href="/cdn-cgi/l/email-protection#3a575b4853585f56145b4a55544e5f7a4c5b145d554c"><span class="__cf_email__" data-cfemail="cca1adbea5aea9a0e2adbca3a2b8a98cbaade2aba3ba">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0890'' in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 38 U.S.C. 3731.
Title: FNMA Forms 1004, 1004C, 1025, 2055 and 1075.
OMB Control Number: 2900-0890.
Type of Review: Extension of a currently approved collection.
Abstract: This information collection package seeks approval of
VA's requirement that appraisers utilize certain industry-standard
forms in completing an appraisal. 38 U.S.C. 3731 authorizes the VA
Secretary to establish a panel of appraisers, prescribe qualifications
for such appraisers, and determine reasonable value of a property,
construction, repairs or alterations based on an appraisal report
provided by a panel appraiser for the purpose of guaranteeing a loan.
VA is requesting approval to authorize collection of these forms
because accurate and thorough appraisal reporting is critical to the
accuracy of underwriting for the mortgage process. Additionally, VA is
looking to expand the list of authorized forms for use due to ongoing
needs related to the pandemic. This collection of information provides
a more thorough and complete appraisal of prospective VA-guaranteed
properties ensuring that mortgages are acceptable for VA guarantee and
thereby protect the interest of VA, taxpayers, and the Veterans Housing
Benefit Program Fund. Policies and procedures for governing the VA
appraisal program are set forth in Chapter 36, Title 38 of the CFR.
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 at: 86 FR 50595 on September 9, 2021, pages
50595 and 50596.
Affected Public: Individuals or Households.
Estimated Annual Burden: 10,833.
Estimated Average Burden per Respondent: 1 minute.
Frequency of Response: One time.
Estimated Number of Respondents: 650,000.
By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2021-25066 Filed 11-16-21; 8:45 am]
BILLING CODE 8320-01-P
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