Notice2022-19090
Agency Information Collection Activity: Request for a Certificate of Eligibility for VA Home Loan Benefit
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
September 6, 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 171 (Tuesday, September 6, 2022)</title>
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[Federal Register Volume 87, Number 171 (Tuesday, September 6, 2022)]
[Notices]
[Pages 54598-54599]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-19090]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0086]
Agency Information Collection Activity: Request for a Certificate
of Eligibility for VA Home Loan Benefit
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. 2900-0086.
FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise
and Integration, Data Governance Analytics (008), 810 Vermont Ave. NW,
Washington, DC 20006, (202) 266-4688 or email <a href="/cdn-cgi/l/email-protection#e18c80938883848dcf80918e8f9584a19780cf868e97"><span class="__cf_email__" data-cfemail="a5c8c4d7ccc7c0c98bc4d5cacbd1c0e5d3c48bc2cad3">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0086'' in any correspondence.
SUPPLEMENTARY INFORMATION: Authority: Public Law 104-13; 44 U.S.C.
3501-3521.
Title: Request for a Certificate of Eligibility for VA Home Loan
Benefit, VA Form 26-1880.
OMB Control Number: 2900-0086.
Type of Review: Extension of a currently approved collection.
Abstract: VA Form 26-1880 is used by VA to determine an applicant's
eligibility for Loan Guaranty benefits, and the amount of entitlement
available. Each completed form is normally accompanied by proof of
military service and is submitted by the applicant to the appropriate
VA office. If eligible, VA will issue the applicant a Certificate of
Eligibility (COE) to be used in applying for Loan Guaranty benefits.
This form is also used in restoration of entitlement cases.
Generally, if an applicant has used all or part of his or her
entitlement, it may be restored if (1) the property has been sold and
the loan has been paid in full or (2) a qualified veteran-transferee
agrees to assume the balance on the loan and agrees to substitute his
or her entitlement for the same amount of entitlement originally used
by the applicant to get the loan. The buyer must also meet the
occupancy and income and credit requirements of the law. Restoration is
not automatic; an applicant must apply for it by completing VA Form 26-
1880.
[[Page 54599]]
The Secretary is required by 38 U.S.C. 3702 (a), (b), and (c) to
determine the applicant's eligibility for Loan Guaranty benefits,
compute the amount of entitlement, and document the certificate with
the amount and type of guaranty used and the amount, if any, remaining.
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 87 FR 119 on June 22, 2022, page 37376.
Affected Public: Individuals and households.
Estimated Annual Burden: 142,917 hours.
Estimated Average Burden per Respondent: Weighted average 4.75
minutes.
<bullet> By completing VA Form 26-1880 or Electronic Application by
Lender or Veteran: 15 minutes.
<bullet> By requesting Automated Certificate of Eligibility by
Lender or Veteran and Automatically Issued: 30 seconds.
Frequency of Response: One-time.
Estimated Number of Respondents: Total 1,925,000.
<bullet> By completing VA Form 26-1880 or Electronic Application by
Lender or Veteran: 1,400,000.
<bullet> By requesting Automated Certificate of Eligibility by
Lender or Veteran and Automatically Issued: 525,000.
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. 2022-19090 Filed 9-2-22; 8:45 am]
BILLING CODE 8320-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.