[Federal Register Volume 88, Number 226 (Monday, November 27, 2023)]
[Notices]
[Page 82947]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26083]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0934]


Agency Information Collection Activity: Department of Veterans 
Affairs Servicing Purchase (VASP) Program

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.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before January 26, 2024.

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. 2900-0934'' 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), 810 Vermont Ave. NW, 
Washington, DC 20420, (202) 266-4688 or email [email protected]. 
Please refer to ``OMB Control No. 2900-0934'' 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 U.S.C. 3732 and 38 CFR 36.4320, Refunding of Loans in 
Default.
    Title: Department of Veterans Affairs Servicing Purchase (VASP) 
Program.
    OMB Control Number: 2900-0934.
    Type of Review: Extension of a currently approved collection.
    Abstract: VA is initiating an expanded program using existing 
Refund provisions. This option will assist Veterans with VA-guaranteed 
loans who have defaulted on their mortgage loan and are facing 
foreclosure. Under this program, VA will exercise its statutory option 
to purchase the loan from the servicer and VA will hold the loan in 
VA's own loan portfolio. The servicer will prepare a modification of 
the loan to increase affordability for the Veteran. Servicers who 
participate in the program are required to document their efforts to 
assist the Veteran through a waterfall of existing loss mitigation 
options and provide that documentation to VA. Information collection is 
necessary to ensure that Veterans and servicers comply with VA program 
requirements under VASP that are not already covered by existing, 
approved information collections for loan servicing and loan refunding.
    Affected Public: Individuals and households.
    Estimated Annual Burden: 68,231 hours.
    Estimated Average Burden per Respondent: 195 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 41,988.

    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. 2023-26083 Filed 11-24-23; 8:45 am]
BILLING CODE 8320-01-P