Notice2022-14909
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
July 13, 2022
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 87 Issue 133 (Wednesday, July 13, 2022)</title>
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[Federal Register Volume 87, Number 133 (Wednesday, July 13, 2022)]
[Notices]
[Page 41873]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14909]
[[Page 41873]]
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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: 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. 2900-0021.
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#8de0ecffe4efe8e1a3ecfde2e3f9e8cdfbeca3eae2fb"><span class="__cf_email__" data-cfemail="f39e92819a91969fdd92839c9d8796b38592dd949c85">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0021'' in any correspondence.
SUPPLEMENTARY INFORMATION:
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.
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 insert citation date: 87 FR 89 on May 9,
2022, pages 27700 and 27701.
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. 2022-14909 Filed 7-12-22; 8:45 am]
BILLING CODE 8320-01-P
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