Agency Information Collection Activity: Department of Veterans Affairs Servicing Purchase (VASP) Program, 82947 [2023-26083]

Download as PDF Federal Register / Vol. 88, No. 226 / Monday, November 27, 2023 / Notices VI. Other Items—UCR Industry Advisory Subcommittee Chair The UCR Industry Advisory Subcommittee Chair will call for any other items Subcommittee members would like to discuss. VII. Adjournment—UCR Industry Advisory Subcommittee Chair The UCR Industry Advisory Subcommittee Chair will adjourn the meeting. The agenda will be available no later than 5:00 p.m. Eastern time, November 27, 2023 at: https://plan.ucr.gov. CONTACT PERSON FOR MORE INFORMATION: Elizabeth Leaman, Chair, Unified Carrier Registration Plan Board of Directors, (617) 305–3783, eleaman@ board.ucr.gov. Alex B. Leath, Chief Legal Officer, Unified Carrier Registration Plan. [FR Doc. 2023–26175 Filed 11–22–23; 4:15 pm] BILLING CODE 4910–YL–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0934] Agency Information Collection Activity: Department of Veterans Affairs Servicing Purchase (VASP) Program Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: khammond on DSKJM1Z7X2PROD with NOTICES 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 VerDate Sep<11>2014 17:43 Nov 24, 2023 Jkt 262001 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 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. 2900–0934’’ 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 maribel.aponte@va.gov. 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 PO 00000 Frm 00127 Fmt 4703 Sfmt 9990 82947 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 E:\FR\FM\27NON1.SGM 27NON1

Agencies

[Federal Register Volume 88, Number 226 (Monday, November 27, 2023)]
[Notices]
[Page 82947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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.

-----------------------------------------------------------------------

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 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. 2900-0934'' 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 [email protected]. 
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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