Notice2022-09891
Agency Information Collection Activity: VA Loan Electronic Reporting Interface (VALERI) System and Title Requirements for Conveyance of Real Property to the Secretary
Primary source
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Published
May 9, 2022
Issuing agencies
Veterans Affairs Department
Abstract
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 revision of a currently approved collection, and allow 60 days for public comment in response to the notice.
Full Text
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<title>Federal Register, Volume 87 Issue 89 (Monday, May 9, 2022)</title>
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[Federal Register Volume 87, Number 89 (Monday, May 9, 2022)]
[Notices]
[Pages 27700-27701]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-09891]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0021]
Agency Information Collection Activity: VA Loan Electronic
Reporting Interface (VALERI) System and Title Requirements for
Conveyance of Real Property to the Secretary
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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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 revision of a
currently approved collection, and allow 60 days for public comment in
response to the notice.
DATES: Written comments and recommendations on the proposed collection
of information should be received on or before July 8, 2022.
ADDRESSES: Submit written comments on the collection of information
through Federal Docket Management System (FDMS) at <a href="http://www.Regulations.gov">www.Regulations.gov</a>
or to Nancy J. Kessinger, Veterans Benefits Administration (20M33),
Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC
20420 or email to <a href="/cdn-cgi/l/email-protection#1d737c737e643376786e6e74737a786f5d6b7c337a726b"><span class="__cf_email__" data-cfemail="47292629243e692c2234342e2920223507312669202831">[email protected]</span></a>. Please refer to ``OMB Control
No. 2900-0021'' in any correspondence. During the comment period,
comments may be viewed online through FDMS.
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#b3ded2c1dad1d6df9dd2c3dcddc7d6f3c5d29dd4dcc5"><span class="__cf_email__" data-cfemail="157874677c7770793b74657a7b61705563743b727a63">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0021'' in any correspondence.
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
[[Page 27701]]
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.
Authority: 38 CFR 36.4338(a).
Title: VA LOAN ELECTRONIC REPORTING INTERFACE (VALERI) SYSTEM and
TITLE REQUIREMENTS FOR CONVEYANCE OF REAL PROPERTY TO THE SECRETARY.
OMB Control Number: 2900-0021.
Type of Review: Revision.
Abstract: VA is submitting this modification to address information
collection in the event loss mitigation efforts are unsuccessful and a
VA-guaranteed loan goes into foreclosure. Statutory requirements for
conveyance of properties to the Secretary are found in chapter 37 of
title 38, United States Code. The implementing regulations are found in
part 36 of title 38, Code of Federal Regulations (CFR). In 38 CFR
36.4323, titled ``Election to convey security'', VA explains that each
conveyance or transfer of real property to the Secretary pursuant to
this section shall be acceptable if:
The holder thereby covenants or warrants against the acts of the
holder and those claiming under the holder (e.g., by special warranty
deed); and
It vests in the Secretary or will entitle the Secretary to such
title as is or would be acceptable to prudent lending institutions,
informed buyers, title companies, and attorneys, generally, in the
community in which the property is situated.
Affected Public: Individuals or Households.
Estimated Annual Burden: 3,027 hours.
Estimated Average Burden per Respondent: 11 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 16,509.
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. 2022-09891 Filed 5-6-22; 8:45 am]
BILLING CODE 8320-01-P
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