Agency Information Collection Activity Under OMB Review: Certification of Loan Disbursement, Verification of Deposit and Verification of Employment, 58437-58438 [2022-20759]
Download as PDF
<![CDATA[
Federal Register / Vol. 87, No. 185 / Monday, September 26, 2022 / Notices
Recipient’s increase in lending. The
Quarterly Supplemental Report has two
components: (1) schedules which must
be completed each quarter that collect
data on activity for the preceding
quarter and (2) schedules that collect
data on the preceding four quarters of
activity that are submitted annually.
There are separate schedules and
instructions for insured depository
institutions, bank holding companies,
and savings and loan holding
companies; and credit unions.
Quarterly Report Schedules:
Recipients of ECIP investments will be
required to submit two schedules on a
quarterly basis. Schedule A—Summary
Qualified Lending is used to collect the
Qualified Lending and Deep Impact
Lending, as defined in the Glossary in
the Instructions to the Quarterly
Supplemental Report, of a Recipient for
a given quarter. Schedule A is therefore
used to establish the growth in a
Recipient’s Qualified Lending over its
baseline Qualified Lending for the
purposes of calculating the payment rate
on the ECIP preferred shares or
subordinated debt issued by the
Recipient. Schedule B—Disaggregated
Qualified Lending is used to present
further detail on the composition of the
Participant’s Qualified and Deep Impact
Lending.
Annual Report Schedules: Annually,
Recipients will report on up to ten (10)
additional schedules, depending on the
origination activity that took place
during the prior year. Schedule C—
Additional Demographic Data on
Qualified Lending collects additional
demographic data on certain categories
of Qualified Lending and Deep Impact
Lending. Schedule D—Additional Placebased Data on Qualified Lending
collects additional geographic data on
certain categories of Qualified Lending
and Deep Impact Lending.
Forms: Initial Supplemental Report
and Instructions, Quarterly
Supplemental Report Instructions and
Schedules.
Affected Public: Recipients of
investments through the Emergency
Capital Investment Program.
Estimated Number of Respondents:
190 (5 for the Initial Supplemental
Report; 185 for the Quarterly
Supplemental Report).
Frequency of Response: Initial
Supplemental Report—One time
annually; Quarterly Supplemental
Report—Four times annually for
Schedules A and B, Annually for
Schedules C and D.
Estimated Total Number of Annual
Responses: Initial Supplemental
Report—5; Quarterly Supplemental
VerDate Sep<11>2014
16:43 Sep 23, 2022
Jkt 256001
Report—740 for Schedules A & B and
185 for Schedule C and D.
Estimated Time per Response: 8 hours
annually for the Initial Supplemental
Report; 40 hours annually for the
Quarterly Supplemental Report
Schedules A & B + 120 hours for
Schedules C & D.
Estimated Total Annual Burden
Hours: 29,640.
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for Office of Management and
Budget approval. All comments will
become a matter of public record.
Comments are invited on: (a) whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be collected; (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of technology; and (e) estimates of
capital or start-up costs and costs of
operation, maintenance, and purchase
of services required to provide
information.
In addition, Treasury seeks comments
on the following:
1. For the Quarterly Supplemental
Report, Treasury is considering
updating the datasets used to identify
certain place-based targeted
communities periodically, based on
availability. For example, from time to
time, updated Area Median Income data
is published by the Census Bureau or
other relevant data sources. Recipients
would be required to use this new data
in order to classify originations going
forward. How frequently should
Treasury update this data—never,
annually, every five years, some other
time period? Treasury anticipates that a
transition period would be implemented
each time such reference data is
updated. Would a one-year transition
period be sufficient?
2. Treasury welcomes comments on
sources of data through which
origination data requested by ECIP is
already reported to the federal
government and for which Treasury
may determine that collection of the
data by the Quarterly Supplemental
Report represents a duplication of
reporting.
3. Are there additional data points
that Treasury should consider
collecting, in addition to those
proposed?
PO 00000
Frm 00130
Fmt 4703
Sfmt 4703
58437
4. Treasury seeks comments on the
instructions or other guidance that
would be helpful to Recipients to better
understand their reporting obligations
on the Initial Supplemental Report or
Quarterly Supplemental Report.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022–20780 Filed 9–23–22; 8:45 am]
BILLING CODE 4810–AK–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0521]
Agency Information Collection Activity
Under OMB Review: Certification of
Loan Disbursement, Verification of
Deposit and Verification of
Employment
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
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0521.
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 maribel.aponte@va.gov. Please
refer to ‘‘OMB Control No. 2900–0521’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 44 U.S.C. 3501–21.
Title: Certification of Loan
Disbursement, Verification of Deposit
and Verification of Employment.
OMB Control Number: 2900–0521.
Type of Review: Revision of a
currently approved collection.
SUMMARY:
E:\FR\FM\26SEN1.SGM
26SEN1
58438
Federal Register / Vol. 87, No. 185 / Monday, September 26, 2022 / Notices
Abstract: VA Form 26–1820 is used
for loans closed on the prior approval
and automatic basis. It is used by
lenders closing VA loans under 38
U.S.C. 3710 and thereby complies with
the provisions of 38 U.S.C. 3702(c)
which requires lenders to report to the
Secretary on loans guaranteed or
insured.
In this information collection request
VA has revised the VA Form 26–1820 to
include additional fields and
certifications. The fields added are
already collected routinely by the lender
and do not add an undue burden to the
VerDate Sep<11>2014
16:43 Sep 23, 2022
Jkt 256001
lender. In addition, certifications that
are to be provided to the Veteran were
added that were included in OMB
Control # 2900–0144.
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: 87 FR
138 on September 19, 2022, pages 43386
and 43387.
PO 00000
Affected Public: Individuals or
Households.
Estimated Annual Burden: 267,167.
Estimated Average Burden per
Respondent: 20 minutes.
Frequency of Response: One time.
Estimated Number of Respondents:
804,000.
By direction of the Secretary.
Dorothy Glasgow,
VA PRA Clearance Officer (Alt), Office of
Enterprise and Integration, Data Governance
Analytics, Department of Veterans Affairs.
[FR Doc. 2022–20759 Filed 9–23–22; 8:45 am]
BILLING CODE 8320–01–P
Frm 00131
Fmt 4703
Sfmt 9990
E:\FR\FM\26SEN1.SGM
26SEN1
]]>Agencies
[Federal Register Volume 87, Number 185 (Monday, September 26, 2022)]
[Notices]
[Pages 58437-58438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20759]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0521]
Agency Information Collection Activity Under OMB Review:
Certification of Loan Disbursement, Verification of Deposit and
Verification of Employment
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. 2900-0521.
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 [email protected].
Please refer to ``OMB Control No. 2900-0521'' in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: 44 U.S.C. 3501-21.
Title: Certification of Loan Disbursement, Verification of Deposit
and Verification of Employment.
OMB Control Number: 2900-0521.
Type of Review: Revision of a currently approved collection.
[[Page 58438]]
Abstract: VA Form 26-1820 is used for loans closed on the prior
approval and automatic basis. It is used by lenders closing VA loans
under 38 U.S.C. 3710 and thereby complies with the provisions of 38
U.S.C. 3702(c) which requires lenders to report to the Secretary on
loans guaranteed or insured.
In this information collection request VA has revised the VA Form
26-1820 to include additional fields and certifications. The fields
added are already collected routinely by the lender and do not add an
undue burden to the lender. In addition, certifications that are to be
provided to the Veteran were added that were included in OMB Control #
2900-0144.
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: 87 FR 138 on September 19, 2022, pages
43386 and 43387.
Affected Public: Individuals or Households.
Estimated Annual Burden: 267,167.
Estimated Average Burden per Respondent: 20 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 804,000.
By direction of the Secretary.
Dorothy Glasgow,
VA PRA Clearance Officer (Alt), Office of Enterprise and Integration,
Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2022-20759 Filed 9-23-22; 8:45 am]
BILLING CODE 8320-01-P
