Agency Information Collection Activity: VA-Guaranteed Home Loan Cash-Out Refinance Loan Comparison Disclosure, 40737-40738 [2020-14495]

Download as PDF Federal Register / Vol. 85, No. 130 / Tuesday, July 7, 2020 / Notices to COVID 19; disparities and COVID 19; and discussion of research efforts that contributed to COVID response. No time will be allocated at this meeting for receiving oral presentations from the public. Members of the public wanting to attend, have questions or presentations to present may contact Dr. Marisue Cody, Designated Federal Officer, Office of Research and Development (10X2), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420, at 202– 443–5681, or at Marisue.Cody@va.gov no later than close of business on August 28, 2020. All questions and presentations will be presented during the public comment section of the meeting. Any member of the public seeking additional information should contact Dr. Cody at the above phone number or email address noted above. Dated: July 1, 2020. LaTonya L. Small, Federal Advisory Committee Management Officer. [FR Doc. 2020–14511 Filed 7–6–20; 8:45 am] BILLING CODE P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0029] Agency Information Collection Activity: VA Form 26–6705, Offer to Purchase and Contract of Sale, VA Form 26–6705b, Credit Statement of Prospective Purchaser, and VA Form 26–6705d, Addendum to VA Form 26– 6705 (VIRGINIA) Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: 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 www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:59 Jul 06, 2020 Jkt 250001 for Public Comments’’ or by using the search function. Refer to ‘‘OMB Control No. 2900–0029.’’ FOR FURTHER INFORMATION CONTACT: Danny S. Green, (202) 421–1354 or email Danny.Green2@va.gov. Please refer to ‘‘OMB Control No. 2900–0029’’ in any correspondence. SUPPLEMENTARY INFORMATION: Authority: 44 U.S.C. 3501–21. Title: VA FORM 26–6705, OFFER TO PURCHASE AND CONTRACT OF SALE, VA FORM 26–6705b AND FANNIE MAE (FNMA) FORM 1003, UNIFORM RESIDENTIAL LOAN APPLICATION, CREDIT STATEMENT OF PROSPECTIVE PURCHASER, AND VA FORM 26–6705d, ADDENDUM TO VA FORM 26–6705 (VIRGINIA). OMB Control Number: 2900–0029. Type of Review: Extension of a currently approved collection. Abstract: Under the authority of 38 U.S.C. 3720(a)(5) and (6) the Department of Veterans Affairs (VA) acquires properties for sale to the general public utilizing a private Service Provider. The Service Provider utilizes private listings and sales brokers to sell VA properties. The Federal Register Notice with a 60-day comment period soliciting comments on this collection of information was published at 85 FR 81 on April 27, 2020, page 23438. Affected Public: Individuals or Households. Estimated Annual Burden: 17,458. Estimated Average Burden Per Respondent: 20 minutes and 5 minutes (average 15 minutes between the three forms). Frequency of Response: One time. Estimated Number of Respondents: 53,500. By direction of the Secretary. Danny S. Green, VA PRA Clearance Officer, Office of Quality, Performance and Risk, Department of Veterans Affairs. [FR Doc. 2020–14536 Filed 7–6–20; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0875] Agency Information Collection Activity: VA-Guaranteed Home Loan Cash-Out Refinance Loan Comparison Disclosure Veterans Benefits Administration (VBA), Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Benefits Administration, Department of Veterans SUMMARY: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 40737 Affairs, 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 8, 2020. 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 nancy.kessinger@va.gov. 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: Danny S. Green, (202) 421–1354 or email Danny.Green2@va.gov. 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 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. ADDRESSES: 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. E:\FR\FM\07JYN1.SGM 07JYN1 40738 Federal Register / Vol. 85, No. 130 / Tuesday, July 7, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES 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 VerDate Sep<11>2014 16:59 Jul 06, 2020 Jkt 250001 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 CashOut Refinance. Affected Public: Individuals and households. Estimated Annual Burden: 12,480 hours. PO 00000 Frm 00119 Fmt 4703 Sfmt 9990 Estimated Average Burden per Respondent: 5 minutes. Frequency of Response: On occasion. Estimated Number of Respondents: 158,000. By direction of the Secretary. Danny S. Green, VA Clearance Officer, Office of Quality, Performance and Risk, Department of Veterans Affairs. [FR Doc. 2020–14495 Filed 7–6–20; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\07JYN1.SGM 07JYN1

Agencies

[Federal Register Volume 85, Number 130 (Tuesday, July 7, 2020)]
[Notices]
[Pages 40737-40738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-14495]


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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 (VBA), Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: Veterans Benefits Administration, Department of Veterans 
Affairs, 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 8, 2020.

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. 2900-0875'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Danny S. Green, (202) 421-1354 or 
email [email protected]. 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 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.

[[Page 40738]]

    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: 12,480 hours.
    Estimated Average Burden per Respondent: 5 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 158,000.

    By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-14495 Filed 7-6-20; 8:45 am]
BILLING CODE 8320-01-P