[Federal Register Volume 87, Number 138 (Wednesday, July 20, 2022)]
[Notices]
[Pages 43386-43387]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15477]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0521]


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

AGENCY: Veterans Benefits Administration, 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 extension of a 
currently approved collection, and allow 60 days for public comment in 
response to the notice. VA Forms 26-1820, 26-8497 and 26-8497a are used 
by lenders to obtain specific information concerning a veteran's credit 
history in order to properly underwrite the veteran's loan. The data 
collected on the forms is used to ensure that applications for VA-
guaranteed loans are underwritten in a reasonable and prudent manner.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before September 19, 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. 2900-0521'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Maribel Aponte, VA PRA Clearance 
Officer, Office of Enterprise and Integration, Data Governance 
Analytics, Department of Veterans Affairs. Please

[[Page 43387]]

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: Certification of Loan Disbursement, Verification of Deposit 
and Verification of Employment (VA Form 26-1820, VA Form 26-8497, VA 
Form 26-8497a).
    OMB Control Number: 2900-0521.
    Type of Review: Revision of a currently approved collection.
    Abstract: VA Form 26-1820 is used for loans closed on the prior 
approval and automatic basis. It is used by lenders closing VA loans 
under 38 U.S.C. 3710 and thereby complies with the provisions of 38 
U.S.C. 3702(c) which requires lenders to report to the Secretary on 
loans guaranteed or insured.
    In this information collection request, VA has revised the VA Form 
26-1820 to include additional fields and certifications. The fields 
added are already collected routinely by the lender and do not add an 
undue burden to the lender. In addition, certifications that are to be 
provided to the Veteran were added that were included in OMB Control 
#2900-0144.
    Affected Public: Individuals or households.
    Estimated Annual Burden: 267,167 hours.
    Estimated Average Burden per Respondent: 20 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 804,000.

    By direction of the Secretary.
Dorothy Glasgow,
VA PRA Clearance Officer, (Alt) Office of Enterprise and Integration/
Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2022-15477 Filed 7-19-22; 8:45 am]
BILLING CODE 8320-01-P