[Federal Register Volume 85, Number 162 (Thursday, August 20, 2020)]
[Notices]
[Page 51554]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18292]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0515]


Agency Information Collection Activity: Maintenance of Records 
Under 38 CFR 36.4333

AGENCY: Veterans Benefits Administration (VBA), Department of Veterans 
Affairs.

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 reinstatement of a 
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 October 19, 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. 2900-0515'' 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-
0515'' 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 CFR 36.4317.
    Title: MAINTENANCE OF RECORDS UNDER 38 CFR 36.4333.
    OMB Control Number: 2900-0515.
    Type of Review: Reinstatement.
    Abstract: The Department of Veterans Affairs (VA) Loan Guaranty 
program guarantees loans made by private lenders to Veterans for the 
purchase, construction, and refinancing of homes owned and occupied by 
Veterans. Under 38 CFR 36.4333, VA requires holders to maintain and 
lenders to retain all records pertaining to loans guaranteed by VA. 
Under this same authority, VA has a right to inspect, examine, or 
audit, at a reasonable time and place, such records to ensure program 
participants are in compliance with applicable laws, regulations, 
policies, procedures and contract provisions. VA utilizes the data 
collected through loan audits to require corrective actions by lenders 
and holders who failed to adhere to VA regulations and statutes. It 
also uses the data collected through this authority to provide annual 
feedback to lenders, through the Lender Scorecard, on certain loan 
characteristics such as interest rate, fees and charges, audit results, 
etc., as compared to the national average of all VA lenders.
    Affected Public: Individuals and Households.
    Estimated Annual Burden: 17,500 hours.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 35,000.

    By direction of the Secretary.
Danny S. Green,
VA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-18292 Filed 8-19-20; 8:45 am]
BILLING CODE 8320-01-P