Notice2022-23227
Agency Information Collection Activity: VA-Guaranteed Home Loan Cash-Out Refinance Loan Comparison Disclosure
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
October 26, 2022
Issuing agencies
Veterans Affairs Department
Abstract
Veterans Benefits Administration, 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 extension 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 206 (Wednesday, October 26, 2022)</title>
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[Federal Register Volume 87, Number 206 (Wednesday, October 26, 2022)]
[Notices]
[Pages 64860-64861]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-23227]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0875]
Agency Information Collection Activity: VA-Guaranteed Home Loan
Cash-Out Refinance Loan Comparison Disclosure
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: Veterans Benefits Administration, 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 extension 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 December 27, 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#7d131c131e045316180e0e14131a180f3d0b1c531a120b"><span class="__cf_email__" data-cfemail="096768676a7027626c7a7a60676e6c7b497f68276e667f">[email protected]</span></a>. Please refer to ``OMB Control
No. 2900-0875'' 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), 810 Vermont Ave. NW,
Washington, DC 20006, (202) 266-4688 or email <a href="/cdn-cgi/l/email-protection#e885899a818a8d84c6899887869c8da89e89c68f879e"><span class="__cf_email__" data-cfemail="2845495a414a4d4406495847465c4d685e49064f475e">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0875'' in any correspondence.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must
obtain approval from the Office of
[[Page 64861]]
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 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: Public Law 115-174; 38 CFR 36.4306.
Title: VA-Guaranteed Home Loan Cash-out Refinance Loan Comparison
Disclosure
OMB Control Number: 2900-0875.
Type of Review: Extension of a currently approved collection.
Abstract: All-VA guaranteed cash-out refinancing loans must comply
with the Act and AQ42. All refinancing loan applications taken on or
after the effective date that do not meet the following requirements
may be subject to indemnification or the removal of the guaranty.
Failure to provide initial disclosures to the Veteran within 3 business
days from the initial application date and at closing may result in
indemnification of the loan up to 5 years. There are three categories
of refinance loans; Interest Rate Reduction Refinancing Loans (IRRRL),
TYPE I Cash-Out Refinance, and TYPE II Cash-Out Refinance.
Affected Public: Individuals and households.
Estimated Annual Burden: 40,000 hours.
Estimated Average Burden per Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Number of Respondents: 480,000.
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. 2022-23227 Filed 10-25-22; 8:45 am]
BILLING CODE 8320-01-P
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</html>Indexed from Federal Register on October 26, 2022.
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