Notice2023-26083
Agency Information Collection Activity: Department of Veterans Affairs Servicing Purchase (VASP) Program
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 27, 2023
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 88 Issue 226 (Monday, November 27, 2023)</title>
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[Federal Register Volume 88, Number 226 (Monday, November 27, 2023)]
[Notices]
[Page 82947]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-26083]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0934]
Agency Information Collection Activity: Department of Veterans
Affairs Servicing Purchase (VASP) Program
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 January 26, 2024.
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#b2dcd3dcd1cb9cd9d7c1c1dbdcd5d7c0f2c4d39cd5ddc4"><span class="__cf_email__" data-cfemail="503e313e33297e3b352323393e3735221026317e373f26">[email protected]</span></a>. Please refer to ``OMB Control
No. 2900-0934'' 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 20420, (202) 266-4688 or email <a href="/cdn-cgi/l/email-protection#056864776c6760692b64756a6b71604573642b626a73"><span class="__cf_email__" data-cfemail="d9b4b8abb0bbbcb5f7b8a9b6b7adbc99afb8f7beb6af">[email protected]</span></a>.
Please refer to ``OMB Control No. 2900-0934'' 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 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 U.S.C. 3732 and 38 CFR 36.4320, Refunding of Loans in
Default.
Title: Department of Veterans Affairs Servicing Purchase (VASP)
Program.
OMB Control Number: 2900-0934.
Type of Review: Extension of a currently approved collection.
Abstract: VA is initiating an expanded program using existing
Refund provisions. This option will assist Veterans with VA-guaranteed
loans who have defaulted on their mortgage loan and are facing
foreclosure. Under this program, VA will exercise its statutory option
to purchase the loan from the servicer and VA will hold the loan in
VA's own loan portfolio. The servicer will prepare a modification of
the loan to increase affordability for the Veteran. Servicers who
participate in the program are required to document their efforts to
assist the Veteran through a waterfall of existing loss mitigation
options and provide that documentation to VA. Information collection is
necessary to ensure that Veterans and servicers comply with VA program
requirements under VASP that are not already covered by existing,
approved information collections for loan servicing and loan refunding.
Affected Public: Individuals and households.
Estimated Annual Burden: 68,231 hours.
Estimated Average Burden per Respondent: 195 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 41,988.
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. 2023-26083 Filed 11-24-23; 8:45 am]
BILLING CODE 8320-01-P
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