[Federal Register Volume 81, Number 194 (Thursday, October 6, 2016)]
[Notices]
[Page 69573]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24158]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0021]


Agency Information Collection: VA Loan Electronic Reporting 
Interface (VALERI) System; Activity Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995 
(44 U.S.C. 3501-3521), this notice announces that the Veterans Benefits 
Administration (VBA), 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; it includes the actual data collection instrument.

DATES: Comments must be submitted on or before November 7, 2016.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov, or to Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attn: VA Desk Officer; 725 
17th St. NW., Washington, DC 20503 or sent through electronic mail to 
[email protected]. Please refer to ``OMB Control No. 2900-
0021'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor, Enterprise 
Records Service (005R1B), Department of Veterans Affairs, 810 Vermont 
Avenue NW., Washington, DC 20420, (202) 461-5870 or email 
[email protected]. Please refer to ``OMB Control No. 2900-
0021.''

SUPPLEMENTARY INFORMATION:
    Title: VA Loan Electronic Reporting Interface (VALERI) System.
    OMB Control Number: 2900-0021.
    Type of Review: Revision of a currently approved collection.
    Abstract: VA conducted an in-depth internal review of the entire 
Loan Administration process. As a result of this review, VA changed 
previous procedures which include: collections of information and 
record retention related to the increased authority of servicers to 
implement loss-mitigation options; processing of loan modifications; 
increased information reporting requirements for servicers; elimination 
of currently-required Notices of Intention to Foreclose; reduction in 
the amount of documentation provided to VA incident to refunding loans; 
significant reduction in reporting and recordkeeping burdens pertaining 
to legal proceedings, including bankruptcies and foreclosures; changes 
in the way servicers are permitted to file an election to convey 
properties to VA; provisions permitting claims to be filed 
electronically instead of paper submission; authorizing certain 
servicers to process releases of liability and partial releases; and 
permitting certain servicers the authority to process liquidation 
appraisals instead of VA and its appraisers.
    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 81 FR 47857 on July 22, 2016.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 70 hours.
    Estimated Average Burden per Respondent: 1 second.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 260.

    By direction of the Secretary.
Cynthia Harvey-Pryor,
Program Specialist, Office of Privacy and Records Management, 
Department of Veterans Affairs.
[FR Doc. 2016-24158 Filed 10-5-16; 8:45 am]
 BILLING CODE 8320-01-P