[Federal Register Volume 85, Number 18 (Tuesday, January 28, 2020)]
[Notices]
[Pages 5068-5069]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01461]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0521]


Agency Information Collection Activity: Report and Certification 
of Loan Disbursement, Request for Verification of Employment and 
Request for Verification of Deposit

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

[[Page 5069]]


ACTION: Notice.

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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 March 30, 2020.

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. 2900-0521'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Danny S. Green, (202) 421-1354 or 
email [email protected]. Please refer to ``OMB Control No. 2900-
0521'' 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: Public Law 104-13; 44 U.S.C. 3501-3521.
    Title: Compliance Inspection Report (VA Form 26-1820, VA Form 26-
8497, VA Form 26-8497a).
    OMB Control Number: 2900-0521.
    Type of Review: Extension of a currently approved collection.
    Abstract: Lenders must obtain specific information concerning a 
veteran's credit history in order to properly underwrite the veteran's 
loan. VA loans may not be guaranteed unless the veteran is a 
satisfactory credit risk. The data collected on the following forms are 
used to ensure that applications for VA-guaranteed loans are 
underwritten in a reasonable and prudent manner.
    a. VA Form 26-1820 is completed by lenders closing VA-guaranteed 
and insured loans under the automatic or prior approval procedures.
    b. VA Form 26-8497 is used by lenders to verify a loan applicant's 
income and employment information when making guaranteed and insured 
loans. VA does not require the exclusive use of this form for 
verification purposes, any alternative verification document would be 
acceptable provided that all information requested on VA Form 26-8497 
is provided.
    c. Lenders making guaranteed and insured loans complete VA Form 26-
8497a to verify the applicant's deposits in banks and other savings 
institutions.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 187,500 hours.

VA Form 26-1820 150,000 hours
VA From 26-8497 25,000 hours
VA Form 26-8497a 12,500 hours

    Estimated Average Burden per Respondent:

VA Form 26-1820 15 minutes
VA Form 26-8497 10 minutes
VA Form 26-8497a 5 minutes

    Frequency of Response: One time.
    Estimated Number of Respondents: 900,000.

VA Form 26-1820 600,000
VA Form 26-8497 150,000
VA Form 26-8497a 150,000

    By direction of the Secretary:

Danny S. Green,
VA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-01461 Filed 1-27-20; 8:45 am]
 BILLING CODE 8320-01-P