2022-28401. Agency Information Collection Activity Under OMB Review: VA-Guaranteed Home Loan Cash-Out Refinance Loan Comparison Disclosure
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AGENCY:
Veterans Benefits Administration, Department of Veterans Affairs.
ACTION:
Notice.
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 to www.reginfo.gov/public/do/PRAMain. 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. 2900-0875.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise and Integration, Data Governance Analytics (008), 810 Vermont Ave. NW, Washington, DC 20006, (202) 266-4688 or email maribel.aponte@va.gov. Please refer to “OMB Control No. 2900-0875” in any correspondence.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
Authority:
Public Law 115-174; 38 CFR 36.4306.
Title: VA-Guaranteed Home Loan Cash-out Refinance Loan Comparison Disclosure.
OMB Control Number: 2900-0875.
Type of Review: Extension of a currently approved collection.
Abstract: All—VA guaranteed cash-out refinancing loans must comply with the Act and AQ42. All refinancing loan applications taken on or after the effective date that do not meet the following requirements may be subject to indemnification or the removal of the guaranty. Failure to provide initial disclosures to the Veteran within 3 business days from the initial application date and at closing may result in indemnification of the loan up to 5 years. There are three categories of refinance loans; Interest Rate Reduction Refinancing Loans (IRRRL), TYPE I Cash-Out Refinance, and TYPE II Cash-Out Refinance.
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 87 FR 206 on October 26, 2022, pages 64860 and 64861.
Affected Public: Individuals or Households.
Estimated Annual Burden: 40,000
Estimated Average Burden per Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Number of Respondents: 480,000.
Start SignatureBy direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2022-28401 Filed 12-28-22; 8:45 am]
BILLING CODE 8320-01-P
Document Information
- Published:
- 12/29/2022
- Department:
- Veterans Affairs Department
- Entry Type:
- Notice
- Action:
- Notice.
- Document Number:
- 2022-28401
- Dates:
- Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. 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. 2900-0875.
- Pages:
- 80263-80263 (1 pages)
- Docket Numbers:
- OMB Control No. 2900-0875
- PDF File:
- 2022-28401.pdf
- Supporting Documents:
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Post-Separation Transition Assistance Program Assessment; OMB No. 0864; FR Doc No: 2022-19784
- » Cost-Based and Inter-Agency Billing Rates for Medical Care or Services for Fiscal Year 2023
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Yellow Ribbon Program Agreement and Principles of Excellence for Educational Institutions; FR Doc No: 2022-19066; OMB Control No. 2900-0718
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Loan Service Review; OMB No. 0249; FR Doc No: 2022-19100
- » Meetings: Veterans Rural Health Advisory Committee; FR Doc No: 2022-18553
- » Meetings: Advisory Committee on Former Prisoners of War; FR Doc No: 2022-18304
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Loan Electronic Reporting Interface System, Title Requirements for Conveyance of Real Property to the Secretary; FR Doc No: 2022-14909; OMB Control No. 2900-0021
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: State or Tribal Organization Application for Interment Allowance; FR Doc No: 2022-14910; OMB Control No. 2900-0565
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Application for Veteran Readiness and Employment for Claimants with Service-Connected Disabilities; OMB No. 0009; FR Doc No: 2022-13067
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Statement of a Person Claiming Loan Fee Refund Due a Deceased Veteran, Service Member, or Surviving Spouse; OMB No. xxxx; FR Doc No: 2022-10901