[Federal Register Volume 88, Number 73 (Monday, April 17, 2023)]
[Notices]
[Pages 23502-23503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08018]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0253]


Agency Information Collection Activity Under OMB Review: 
Nonsupervised Lender's Nomination and Recommendation of Credit 
Underwriter

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration, 
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: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice by clicking on the following link

[[Page 23503]]

www.reginfo.gov/public/do/PRAMain, select ``Currently under Review--
Open for Public Comments'', then search the list for the information 
collection by Title or OMB Control No. 2900-0253. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to 
``OMB Control No. 2900-0253.

FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise 
and Integration, Data Governance Analytics (008), 810 Vermont Avenue 
NW, Washington, DC 20420, (202) 266-4688 or email 
[email protected]. Please refer to ``OMB Control No. 2900-0253'' in 
any correspondence.

SUPPLEMENTARY INFORMATION: 
    Authority: 38 U.S.C. 3729, 38 CFR 36.4232 and 36.4313.
    Title: Nonsupervised Lender's Nomination and Recommendation of 
Credit Underwriter (VA Form 26-8736a).
    OMB Control Number: 2900-0253.
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 3702(d) allows for certain lenders to make 
automatically guaranteed housing loans under 38 U.S.C. chapter 37. 38 
U.S.C. 3702(d). Automatic lending privileges eliminate the requirement 
for submission of loans to VA for prior approval. Lending institutions 
with automatic loan privileges may process and disburse such loans and 
subsequently report the loan to the Department of Veterans Affairs (VA) 
for issuance of guaranty. Those lenders include (1) any Federal land 
bank, national bank, State bank, private bank, building and loan 
association, insurance company, credit union, or mortgage and loan 
company, that is subject to examination and supervision by an agency of 
the United States or of any State; (2) any State; or (3) any lender 
approved by the Secretary pursuant to standards established by the 
Secretary. Id. VA implemented those standards in 38 CFR 36.4352. VA 
refers to lenders described in 38 U.S.C. 3702(d)(1) and (2) as 
supervised lenders. See 38 CFR 36.4352(a). Unsupervised lenders are 
those described in 38 U.S.C. 3702(d)(3). See 38 CFR 36.4352(b). This 
collection addresses the underwriter requirements for those 
unsupervised lenders as found in 38 CFR 36.4352(b)(2) and (3).
    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 88 FR 8343 on February 8, 2023, pages 
8343.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 500 hours.
    Estimated Average Burden per Respondent: 20 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 1,500.

    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. 2023-08018 Filed 4-14-23; 8:45 am]
BILLING CODE 8320-01-P