VA Loan Electronic Reporting Interface (VALERI) System

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form VA Form 26-1874 Claim Under Loan Guaranty	Form	Modified	Available
Form VA Form 26-8802 VA Foreclosure Sale Letter	Form	Modified	Available
Form VA Form 26-8903 Notice for Election to Convey and/or Invoice for Transfer of Property	Form	Modified	Available
Form VA Form 26-8778 Present Status of Loan	Form	Modified	Available
Form VA Form 26-6851 Notice of Intention to Foreclose	Form	Modified	Available
Form VA Form 26-6850a Notice of Default and Intention to Foreclose	Form	Modified	Available
Form VA Form 26-6850 Notice of Default	Form	Modified	Available
Form VA Form 26-1874a Claim Form Addendum - Adjustable Rate Mortgages	Form	Modified	Available
30-Day FRN - 2900-0021 (2020).pdf	Supplementary Document	Uploaded 2020-05-15	Available
VALERI_Events_Bulk_Upload_Template_v.20.0.xlsx	Supplementary Document	Uploaded 2020-05-07	Available
VALERI_Claims_Bulk_Upload_Template_v.20.0.xlsx	Supplementary Document	Uploaded 2020-05-07	Available
60-Day FRN_OMB 2900-0021_VALERI.pdf	Supplementary Document	Uploaded 2020-05-07	Available
Justification_OMB 2900-0021_VALERI.docx	Supporting Statement A	Uploaded 2020-05-07	Available
2900-0021 VALERI Liability Monitoring.docx	Supplementary Document	Uploaded 2020-02-05	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Claim Under Loan Guaranty
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	VA Foreclosure Sale Letter
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Notice for Election to Convey and/or Invoice for Transfer of Property
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Present Status of Loan
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Notice of Intention to Foreclose
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Notice of Default and Intention to Foreclose
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Notice of Default
28116	VA Loan Electronic Reporting Interface (VALERI) System	Form	Modified	Claim Form Addendum - Adjustable Rate Mortgages
28116	VA Loan Electronic Reporting Interface (VALERI) System	Other-System	Modified

ICR Details

OMB Control No: 2900-0021	ICR Reference No: 202002-2900-004
Status: Historical Active	Previous ICR Reference No: 201604-2900-003
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-YA
Title: VA Loan Electronic Reporting Interface (VALERI) System
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/11/2020
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/15/2020
Terms of Clearance: In VA's next revision, extension, or reinstatement request, VA shall modify Privacy Statements from "Your obligation to respond [...]" to "Your response is required to obtain or retain benefits/mandatory/voluntary [...]." VA shall also modify "i.e." to "e.g." when the listed Privacy Act routine uses are not exhaustive. Note: Systems access and log into VALERI is not covered by the Paperwork Reduction Act.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2023	36 Months From Approved	11/30/2020
Responses	967	0	967
Time Burden (Hours)	70	0	70
Cost Burden (Dollars)	0	0	0

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Abstract: Holders report of default and notice of intention to foreclose on loans guaranteed under 38 U.S.C. 3710 and 3712 as required by 38 U.S.C. 3732. Information collected by VA is done through the VALERI system and used for performing supplemental servicing, determination on forbearance, foreclosure, protection of property and initiation of claim payment.

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Authorizing Statute(s): US Code: 38 USC 3710 Name of Law: Purchase or construction of homes
   US Code: 38 USC 3712 Name of Law: Loans to purchase manufactured homes and lots
   US Code: 38 USC 3732 Name of Law: Procedure on default
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 10512	02/24/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 29030	05/14/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
VA Loan Electronic Reporting Interface (VALERI) System	VA Form 26-1874, VA Form 26-1874a, VA Form 26-6850a, VA Form 26-8778, VA Form 26-6850, VA Form 26-6851, VA Form 26-8903, VA Form 26-8802	Claim Form Addendum - Adjustable Rate Mortgages ,   Notice of Default ,   Notice of Default and Intention to Foreclose ,   Notice of Intention to Foreclose ,   Present Status of Loan ,   Notice for Election to Convey and/or Invoice for Transfer of Property ,   VA Foreclosure Sale Letter ,   Claim Under Loan Guaranty

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	967	967	0	0	0	0
Annual Time Burden (Hours)	70	70	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $512

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 05/15/2020

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