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[Federal Register Volume 89, Number 242 (Tuesday, December 17, 2024)]
[Notices]
[Page 102254]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29659]

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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0045]

Agency Information Collection Activity Under OMB Review: Request 
for Determination of Reasonable Value Real Estate

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: Comments and recommendations for the proposed information 
collection should be sent by January 16, 2025.

ADDRESSES: To submit comments and recommendations for the proposed 
information collection, please type the following link into your 
browser: 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. 2900-0045.''

FOR FURTHER INFORMATION CONTACT: VA PRA information: Maribel Aponte, 
202-461-8900, [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Request for Determination of Reasonable Value Real Estate 
(VA Forms 26-1805, and 26-1805-1).
    OMB Control Number: 2900-0045 https://www.reginfo.gov/public/do/PRASearch.
    Type of Review: Revision of a currently approved collection.
    Abstract: VA utilizes Form 26-1805 (paper form) and 26-1805-1 
(digital form) for lenders to request an appraisal and assign an 
appraiser (i.e., ``ordering'' an appraisal), which ultimately provides 
the appraiser with the authority to be on the property to conduct the 
appraisal (i.e., an engagement letter). This information collection 
request seeks to expand this data collection clearance to encompass a 
modernized, end-to-end appraisal management process. Under this ICR 
extension, VA will capture information from lenders around when an 
appraisal has been ordered (current VA Form 26-1805), but will also 
capture information and workflow associated with the assignment, 
scheduling, and review of an appraisal by VA or a lender. This process 
will be consistent with the rest of the mortgage industry, and will 
align VA's appraisal process with the industry standard.
    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 89 FR 82304, October 10, 2024.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 467,100.
    Estimated Average Burden per Respondent: 12 minutes.
    Frequency of Response: One-time per appraisal.
    Estimated Number of Respondents: 519,000.
    Authority: 44 U.S.C. 3501 et seq.

Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data 
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2024-29659 Filed 12-16-24; 8:45 am]
BILLING CODE 8320-01-P
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