[Federal Register Volume 81, Number 141 (Friday, July 22, 2016)]
[Notices]
[Pages 47857-47858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17335]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0021]
Proposed Information Collection (VA Loan Electronic Reporting
Interface (VALERI) System); Activity: Comment Request
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: The 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 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 September 20, 2016.
[[Page 47858]]
ADDRESSES: Submit written comments on the collection of information
through Federal Docket Management System (FDMS) at www.Regulations.gov
or to Nancy J. Kessinger, Veterans Benefits Administration (20M33),
Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC
20420 or email to [email protected]. 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: Cynthia Harvey-Pryor at (202) 461-
5870.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104-13; 44
U.S.C. 3501-3521), 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.
Title: VA Loan Electronic Reporting Interface (VALERI) System.
OMB Control Number: 2900-0021.
Type of Review: Revision of a currently approved collection.
Abstract: VA conducted an in-depth internal review of the entire
Loan Administration process. As a result of this review, VA changed
previous procedures which include: Collections of information and
record retention related to the increased authority of servicers to
implement loss-mitigation options; processing of loan modifications;
increased information reporting requirements for servicers; elimination
of currently-required Notices of Intention to Foreclose; reduction in
the amount of documentation provided to VA incident to refunding loans;
significant reduction in reporting and recordkeeping burdens pertaining
to legal proceedings, including bankruptcies and foreclosures; changes
in the way servicers are permitted to file an election to convey
properties to VA; provisions permitting claims to be filed
electronically instead of paper submission; authorizing certain
servicers to process releases of liability and partial releases; and
permitting certain servicers the authority to process liquidation
appraisals instead of VA and its appraisers.
Affected Public: Individuals or households.
Estimated Annual Burden: 70 hours.
Estimated Average Burden per Respondent: 1 second.
Frequency of Response: One-time.
Estimated Number of Respondents: 260.
By direction of the Secretary:
Cynthia Harvey-Pryor,
Program Specialist, Office of Privacy and Records Management,
Department of Veterans Affairs.
[FR Doc. 2016-17335 Filed 7-21-16; 8:45 am]
BILLING CODE 8320-01-P