Agency Information Collection Activity under OMB Review: Department of Veterans Affairs Servicing Purchase (VASP) Program, 6190-6191 [2024-01870]

Download as PDF 6190 Federal Register / Vol. 89, No. 21 / Wednesday, January 31, 2024 / Notices Advisory Committee Act, 5 U.S.C. ch. 10., that the Advisory Committee on the Readjustment of Veterans will hold a meeting virtually. The meeting will begin, and end as follows: Date Open session Time March 7, 2024 .... 2:30 p.m. to 3 p.m. eastern standard time (EST). Yes. lotter on DSK11XQN23PROD with NOTICES1 The meeting is open to the public. The purpose of the Committee is to advise the Department of Veterans Affairs (VA) regarding the provision by VA of benefits and services to assist Veterans in the readjustment to civilian life. In carrying out this duty, the Committee shall take into account the needs of Veterans who served in combat theaters of operation. The Committee assembles, reviews, and assesses information relating to the needs of Veterans readjusting to civilian life and the effectiveness of VA services in assisting Veterans in that readjustment. The Committee, comprised of 14 subject matter experts, advises the Secretary, through the VA Readjustment Counseling Service, on the provision by VA of benefits and services to assist Veterans in the readjustment to civilian life. In carrying out this duty, the Committee assembles, reviews, and assesses information relating to the needs of Veterans readjusting to civilian life and the effectiveness of VA services in assisting Veterans in that readjustment, specifically taking into account the needs of Veterans who served in combat theaters of operation. On March 7, 2024, the agenda will include review of the 24th report, a calendar forecast and discussion over subject matter experts to consider presenting at the next full Committee meeting. The Committee will meet from 2:30 p.m.—3:00 p.m. EST, for public members wishing to provide oral comments or join the meeting, please use the following Microsoft Teams link:https://teams.microsoft.com/l/ meetup-join/19%3ameeting_ OTgxZGM5OGQtYTJhZi00ZGRlLTk3M jgtZTYzZTQ2YzEzZWEw%40thread.v2/ 0?context=%7b %22Tid%22%3a%22e95f1b23-abaf- VerDate Sep<11>2014 17:00 Jan 30, 2024 Jkt 262001 45ee-821d-b7ab251ab3bf%22%2c %22Oid%22%3a%228aa84165-5b4e40e7-8e32-63a80c0bd33a%22%7d. The Committee will also accept written comments from interested parties on issues outlined in the meeting agenda or other issues regarding the readjustment of Veterans. Parties should contact Mr. Richard Barbato via email at VHARCSStratAnalysis@va.gov, or by mail at Department of Veterans Affairs, Readjustment Counseling Service (10RCS), 810 Vermont Avenue, Washington, DC 20420. Any member of the public seeking additional information should contact Mr. Barbato at the phone number or email addressed noted above. Dated: January 25, 2024. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2024–01833 Filed 1–30–24; 8:45 am] BILLING CODE P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0934] Agency Information Collection Activity under OMB Review: Department of Veterans Affairs Servicing Purchase (VASP) Program 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 SUMMARY: PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 notice by clicking on the following link https://www.reginfo.gov/public/do/ PRAMain, select ‘‘Currently under Review—Open for Public Comments’’, then search the list for the information collection by Title or ‘‘OMB Control No. 2900–0934.’’ 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: 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. 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 88 FR 82947 on November 27, 2023. E:\FR\FM\31JAN1.SGM 31JAN1 Federal Register / Vol. 89, No. 21 / Wednesday, January 31, 2024 / Notices Affected Public: Individuals or 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. 2024–01870 Filed 1–30–24; 8:45 am] lotter on DSK11XQN23PROD with NOTICES1 BILLING CODE 8320–01–P VerDate Sep<11>2014 17:00 Jan 30, 2024 Jkt 262001 PO 00000 Frm 00104 Fmt 4703 Sfmt 9990 6191 E:\FR\FM\31JAN1.SGM 31JAN1

Agencies

[Federal Register Volume 89, Number 21 (Wednesday, January 31, 2024)]
[Notices]
[Pages 6190-6191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01870]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0934]


Agency Information Collection Activity under OMB Review: 
Department of Veterans Affairs Servicing Purchase (VASP) Program

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 by clicking on the following link https://www.reginfo.gov/public/do/PRAMain, select ``Currently under Review--Open for Public 
Comments'', then search the list for the information collection by 
Title or ``OMB Control No. 2900-0934.''

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: 
    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.
    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 88 FR 82947 on November 27, 2023.

[[Page 6191]]

    Affected Public: Individuals or 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. 2024-01870 Filed 1-30-24; 8:45 am]
BILLING CODE 8320-01-P
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