[Federal Register Volume 82, Number 204 (Tuesday, October 24, 2017)]
[Notices]
[Pages 49268-49269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23032]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0601]


Agency Information Collection Activity Under OMB Review: 
Requirements for Interest Rate Reduction Refinancing Loans

AGENCY: Loan Guaranty Service, Department of Veterans Affairs

ACTION: Notice.

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

SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Loan Guaranty Service, 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: Comments must be submitted on or before November 24, 2017.

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-
0601'' 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-
0601'' in any correspondence.

SUPPLEMENTARY INFORMATION: 

    Authority: 44 U.S.C. 3501-21.
    Title: Requirements for Interest Rate Reduction Refinancing Loans.
    OMB Control Number: 2900-0601.
    Type of Review: Extension of a currently approved collection.
    Abstract: Pursuant to 38 U.S.C. 3710, VA may guarantee loans to 
veterans to refinance existing mortgage loans previously guaranteed by 
VA provided the veteran still owns the property used as security for 
the loan. Lenders must collect certain information concerning the 
veteran and the veteran's credit history (and spouse or other co-
borrower, as applicable), in order to properly underwrite delinquent 
Interest Rate Reduction Refinancing Loans

[[Page 49269]]

(IRRRLs). Under these requirements, VA requires that the lender provide 
VA with the credit information to assure itself that IRRRLs to 
refinance delinquent loans are underwritten in a reasonable and prudent 
manner.
    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 82 FR Page 38761 on August 15, 2017, page 
38761.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 25.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 50.


    By direction of the Secretary.
Cynthia Harvey-Pryor,
Department Clearance Officer, Office of Quality Privacy and Risk, 
Department of Veterans Affairs.
[FR Doc. 2017-23032 Filed 10-23-17; 8:45 am]
 BILLING CODE 8320-01-P