[Federal Register Volume 87, Number 89 (Monday, May 9, 2022)]
[Notices]
[Pages 27700-27701]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-09891]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0021]


Agency Information Collection Activity: VA Loan Electronic 
Reporting Interface (VALERI) System and Title Requirements for 
Conveyance of Real Property to the Secretary

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: Veterans Benefits Administration (VBA), 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 revision 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 July 8, 2022.

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. 2900-0021'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise 
and Integration, Data Governance Analytics (008), 1717 H Street NW, 
Washington, DC 20006, (202) 266-4688 or email [email protected]. 
Please refer to ``OMB Control No. 2900-0021'' 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

[[Page 27701]]

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 36.4338(a).
    Title: VA LOAN ELECTRONIC REPORTING INTERFACE (VALERI) SYSTEM and 
TITLE REQUIREMENTS FOR CONVEYANCE OF REAL PROPERTY TO THE SECRETARY.
    OMB Control Number: 2900-0021.
    Type of Review: Revision.
    Abstract: VA is submitting this modification to address information 
collection in the event loss mitigation efforts are unsuccessful and a 
VA-guaranteed loan goes into foreclosure. Statutory requirements for 
conveyance of properties to the Secretary are found in chapter 37 of 
title 38, United States Code. The implementing regulations are found in 
part 36 of title 38, Code of Federal Regulations (CFR). In 38 CFR 
36.4323, titled ``Election to convey security'', VA explains that each 
conveyance or transfer of real property to the Secretary pursuant to 
this section shall be acceptable if:
    The holder thereby covenants or warrants against the acts of the 
holder and those claiming under the holder (e.g., by special warranty 
deed); and
    It vests in the Secretary or will entitle the Secretary to such 
title as is or would be acceptable to prudent lending institutions, 
informed buyers, title companies, and attorneys, generally, in the 
community in which the property is situated.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 3,027 hours.
    Estimated Average Burden per Respondent: 11 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 16,509.

    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. 2022-09891 Filed 5-6-22; 8:45 am]
BILLING CODE 8320-01-P