90 FR 120 pgs. 27070-27071 - Agency Information Collection Activity: VA Loan Electronic Reporting Interface (VALERI) System and Title Requirements for Conveyance of Real Property to the Secretary
Type: NOTICEVolume: 90Number: 120Pages: 27070 - 27071
Pages: 27070, 27071Docket number: [OMB Control No. 2900-0021]
FR document: [FR Doc. 2025-11724 Filed 6-24-25; 8:45 am]
Agency: Veterans Affairs Department
Official PDF Version: PDF Version
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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.
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 extension of a currently approved collection, and allow 60 days for public comment in response to the notice.
DATES:
Comments must be received on or before August 25, 2025.
ADDRESSES:
Comments must be submitted through www.regulations.gov.
FOR FURTHER INFORMATION CONTACT:
Program-Specific information: Kendra McCleave, 202 461-9760, Kendra.McCleave@va.gov.
VA PRA information: Dorothy Glasgow, 202-461-1084, VAPRA@va.gov.
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.
[top] 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
Title: VA Loan Electronic Reporting Interface (VALERI) System and Title Requirements for Conveyance of Real Property to the Secretary.
OMB Control Number: 2900-0021. https://www.reginfo.gov/public/do/PRASearch (Once at this link, you can enter the OMB Control Number to find the historical versions of this Information Collection).
Type of Review: Extension without change of a currently approved collection.
Abstract: VA uses the information collection in cases where 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 and 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.
Authority: 44 U.S.C. 3501 et seq.
Dorothy Glasgow,
Acting, VA PRA Clearance Officer, Office of Enterprise and Integration/Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2025-11724 Filed 6-24-25; 8:45 am]
BILLING CODE 8320-01-P