Agency Information Collection Activity: VA-Guaranteed Home Loan Cash-Out Refinance Loan Comparison Disclosure, 63662 [2020-22221]
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63662
Federal Register / Vol. 85, No. 196 / Thursday, October 8, 2020 / Notices
concerning each proposed collection of
information, including each proposed
revision 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 7, 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
nancy.kessinger@va.gov. Please refer to
‘‘OMB Control No. 2900–0500’’ in any
correspondence. During the comment
period, comments may be viewed online
through FDMS.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green at (202) 421–1354.
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. 501.
Title: Mandatory Verification of
Dependents (VA Form 21–0538).
OMB Control Number: 2900–0500.
Type of Review: Revision of a
currently approved collection.
Abstract: VA Form 21–0538 is used to
request verification of the status of
dependents for whom additional
compensation is being paid to veterans.
Without this information, continued
entitlement to the benefits for
dependents could not be determined.
VA Form 21–0538 has been revised;
(1) letter template removed as it was a
duplicate of a VA cover letter already in
VerDate Sep<11>2014
17:48 Oct 07, 2020
Jkt 253001
use, (2) the title has been changed from
‘Mandatory Status of Dependents’ to
Mandatory Verification of Dependents,
(3) Section II: Status Certification, was
added to help delineate whether the
veteran is needed to provide additional
information on the status of their
dependents, or not, (4) the form was
changed to include removals only as
these are dependents that have already
been previously added to the veteran’s
benefits, as another collection is used to
add dependents, and (5) an e-signature
has been added to provide a digital
format for online signatures. The burden
estimate has also been decreased.
Affected Public: Individuals and
households.
Estimated Annual Burden: 29,233
hours.
Estimated Average Burden per
Respondent: 10 minutes.
Frequency of Response: Once.
Estimated Number of Respondents:
175,400.
By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality,
Performance and Risk (OQPR), Department
of Veterans Affairs.
[FR Doc. 2020–22282 Filed 10–7–20; 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, 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
SUMMARY:
PO 00000
Frm 00163
Fmt 4703
Sfmt 9990
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0875’’.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, Enterprise Records
Service (005R1B), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420, (202) 421–
1354 or email danny.green2@va.gov .
Please refer to ‘‘OMB Control No. 2900–
0875’’ in any correspondence.
SUPPLEMENTARY INFORMATION:
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 CashOut Refinance.
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 85 FR,
130 on July 7, 2020, pages 40737 and
40738.
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. 2020–22221 Filed 10–7–20; 8:45 am]
BILLING CODE 8320–01–P
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]]>Agencies
[Federal Register Volume 85, Number 196 (Thursday, October 8, 2020)]
[Notices]
[Page 63662]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22221]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 www.reginfo.gov/public/do/PRAMain. 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. 2900-0875''.
FOR FURTHER INFORMATION CONTACT: Danny S. Green, Enterprise Records
Service (005R1B), Department of Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420, (202) 421-1354 or email [email protected] .
Please refer to ``OMB Control No. 2900-0875'' in any correspondence.
SUPPLEMENTARY INFORMATION:
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.
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 85 FR, 130 on July 7, 2020, pages 40737
and 40738.
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. 2020-22221 Filed 10-7-20; 8:45 am]
BILLING CODE 8320-01-P
