[Federal Register Volume 82, Number 156 (Tuesday, August 15, 2017)]
[Notices]
[Page 38761]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-17181]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0601]


Agency Information Collection Activity: Requirements for Interest 
Rate Reduction Refinancing Loans

AGENCY: Loan Guaranty Service, Department of Veterans Affairs.

ACTION: Notice.

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SUMMARY: Loan Guaranty Service, 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 comments in response to the notice.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before October 16, 2017.

ADDRESSES: Submit written comments on the collection of information 
through Federal Docket Management System (FDMS) at www.Regulations.gov 
or to Nancy Kessinger, Veterans Benefits Administration, Department of 
Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420, or 
email to <a href="/cdn-cgi/l/email-protection#a0cec1cec3d98ecbc5d3d3c9cec7c5d2e0d6c18ec7cfd6"><span class="__cf_email__" data-cfemail="fc929d929f85d297998f8f95929b998ebc8a9dd29b938a">[email protected]</span></a>. Please refer to ``OMB Control No. 
2900-0601'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy Kessinger at (202) 632-8924.

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: Public Law 104-13; 44 U.S.C. 3501-3521.
    Title: Requirements for Interest Rate Reduction Refinancing Loans.
    OMB Control Number: 2900-0601.
    Type of Review: Extension of a currently approved collection.
    Abstract: Pursuant to 38 U.S.C. 3710, VA may guarantee loans to 
veterans to refinance existing mortgage loans previously guaranteed by 
VA provided the veteran still owns the property used as security for 
the loan. Lenders must collect certain information concerning the 
veteran and the veteran's credit history (and spouse or other co-
borrower, as applicable), in order to properly underwrite delinquent 
Interest Rate Reduction Refinancing Loans (IRRRLs). Under these 
requirements, VA requires that the lender provide VA with the credit 
information to assure itself that IRRRLs to refinance delinquent loans 
are underwritten in a reasonable and prudent manner.
    Affected Public: Individuals and households.
    Estimated Annual Burden: 25 hours.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 50.

    By direction of the Secretary.
Cynthia Harvey-Pryor,
Department Clearance Officer, Office of Quality and Compliance, 
Department of Veterans Affairs.
[FR Doc. 2017-17181 Filed 8-14-17; 8:45 am]
 BILLING CODE 8320-01-P


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