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Federal Register / Vol. 85, No. 36 / Monday, February 24, 2020 / Notices

consumers and promote the safety and
soundness of creditors making higherpriced mortgage loans (HPMLs) subject
to 12 CFR part 34, subpart G. This
information is used by creditors to
evaluate real estate collateral securing
HPMLs subject to 12 CFR 1026.35(c)
and by consumers entering these
transactions. The collections of
information are mandatory for creditors
making HPMLs subject to 12 CFR part
34, subpart G.
Under 12 CFR 34.203(e) and (f), a
creditor must, no later than the third
business day after the creditor receives
a consumer’s application for an HPML,
provide the consumer with a disclosure
that informs the consumer that the
creditor may order an appraisal to
determine the value of the property and
charge the consumer for that appraisal,
that the creditor will provide the
consumer with a copy of any appraisal,
and that the consumer may choose to
have an additional appraisal conducted
at the expense of the consumer. If a loan
is an HPML subject to 12 CFR 34.203(c),
then, under 12 CFR 34.203(c)(1) and (2),
the creditor is required to obtain a
written appraisal prepared by a certified
or licensed appraiser who conducts a
physical visit of the interior of the
property that will secure the transaction
(Written Appraisal) and provide a copy
of the Written Appraisal to the
consumer. Under 12 CFR 34.203(d)(1), a
creditor is required to obtain an
additional appraisal (Additional Written
Appraisal) for an HPML that is subject
to 12 CFR part 34, subpart G if: (1) The
seller acquired the property securing the
loan 90 or fewer days prior to the date
of the consumer’s agreement to acquire
the property and the price in the
consumer’s agreement to acquire the
property exceeds the seller’s acquisition
price by more than 10 percent; or (2) the
seller acquired the property securing the
loan 91 to 180 days prior to the date of
the consumer’s agreement to acquire the
property and the price in the
consumer’s agreement to acquire the
property exceeds the seller’s acquisition
price by more than 20 percent.
Under 12 CFR 34.203(d)(3) and (4),
the Additional Written Appraisal must
meet the requirements described in 12
CFR 34.203(c)(1) and also include an
analysis of: (1) The difference between
the price at which the seller acquired
the property and the price the consumer
is obligated to pay to acquire the
property; (2) changes in market
conditions between the date the seller
acquired the property and the date of
the consumer’s agreement to acquire the
property; and (3) any improvements
made to the property between the date
the seller acquired the property and the

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date of the consumer’s agreement to
acquire the property. Under 12 CFR
34.203(f), a creditor is required to
provide the consumer with a copy of
any Additional Written Appraisal.
Affected Public: Businesses or other
for-profit.
Type of Submission: Regular.
Burden Estimates:
Estimated Number of Respondents:
1,134.
Estimated Total Annual Burden: 292
hours.
Frequency of Response: On occasion.
Comments: Comments submitted in
response to this notice will be
summarized and included in the request
for OMB approval. All comments will
become a matter of public record.
Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’s
estimate of the information collection
burden;
(c) Ways to enhance the quality,
utility, and clarity of the information to
be collected;
(d) Ways to minimize the burden of
the collection on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Dated: February 14, 2020.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2020–03520 Filed 2–21–20; 8:45 am]
BILLING CODE 4810–33–P

Targeting, tel.: 202–622–2420; Assistant
Director for Licensing, tel.: 202–622–
2480; Assistant Director for Regulatory
Affairs, tel.: 202–622–4855; or Assistant
Director for Sanctions Compliance &
Evaluation, tel.: 202–622–2490.
SUPPLEMENTARY INFORMATION:
Electronic Availability
The Specially Designated Nationals
and Blocked Persons List (SDN List) and
additional information concerning
OFAC sanctions programs are available
on OFAC’s website (https://
www.treasury.gov/ofac).
Notice of OFAC Actions
On February 19, 2020, OFAC updated
the SDN List for the following entity,
whose property and interests in
property continue to be blocked under
the Foreign Narcotics Kingpin
Designation Act.
Entity
1. INVERSIONES CONTINENTAL, S.A. DE
C.V. (a.k.a. GRUPO FINANCIERO
CONTINENTAL; a.k.a. ‘‘GRUPO
FINANCIERO’’), Entre la 9 y 10 Avenida,
1ra Calle, Boulevard Morazan, CC Nova,
San Pedro Sula, Honduras; National ID No.
0101999501331 (Honduras); RTN
1019995013319 (Honduras) [SDNTK]

The listing for the entity now appears
as follows:
1. INVERSIONES CONTINENTAL, S.A. DE
C.V. (a.k.a. GRUPO FINANCIERO
CONTINENTAL; a.k.a. ‘‘GRUPO
FINANCIERO’’), Entre la 9 y 10 Avenida,
1ra Calle, Boulevard Morazan, CC Nova,
San Pedro Sula, Honduras; National ID No.
0501999514659 (Honduras); RTN
05019995146590 (Honduras) [SDNTK]
Dated: February 19, 2020.
Gregory T. Gatjanis,
Associate Director, Office of Global Targeting.
[FR Doc. 2020–03573 Filed 2–21–20; 8:45 am]

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Department of the Treasury.
ACTION: Notice.
AGENCY:

The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing an update
to the identifying information of one
entity currently included on OFAC’s list
of Specially Designated Nationals and
Blocked Persons.
DATES: See SUPPLEMENTARY INFORMATION
section for the date on which the update
becomes effective.
FOR FURTHER INFORMATION CONTACT:
OFAC: Associate Director for Global
SUMMARY:

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BILLING CODE 4810–AL–P

DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0021]

Agency Information Collection
Activity: VA Loan Electronic Reporting
Interface (VALERI) System
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

The 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

SUMMARY:

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Federal Register / Vol. 85, No. 36 / Monday, February 24, 2020 / Notices

lotter on DSKBCFDHB2PROD with NOTICES

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: Written comments and
recommendations on the proposed
collection of information should be
received on or before April 24, 2020.
ADDRESSES: Submit written comments
on the collection of information through
Federal Docket Management System
(FDMS) at www.Regulations.gov or to
Nancy J. Kessinger, Veterans Benefits
Administration (20M33), Department of
Veterans Affairs, 810 Vermont Avenue
NW, Washington, DC 20420 or email to
[email protected]. Please refer to
‘‘OMB Control No. 2900–0021’’ in any
correspondence. During the comment
period, comments may be viewed online
through FDMS.
FOR FURTHER INFORMATION CONTACT:
Danny S. Green, (202) 421–1354 or
email [email protected]. Please
refer to ‘‘OMB Control No. 2900–0021’’
in any correspondence.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995, Federal agencies must

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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: VA Loan Electronic Reporting
Interface (VALERI) System.
OMB Control Number: 2900–0021.
Type of Review: Extension of a
currently approved collection.
Abstract: VA provides the authority
for VA-guaranteed mortgage servicers to

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assist veteran borrowers and their
families experiencing financial
difficulty. VA then provides oversight of
the servicers’ actions by collecting
specific documentation and data. In
today’s environment, this collection is
done via the VALERI application.
Federal Regulations under 38 CFR
36.4300 require specific, critical
information be provided to VA and
without the collection of such
documentation and data, the number of
foreclosures of VA-guaranteed loans and
homeless veterans would potentially
increase.
Affected Public: Business or other for
profit.
Estimated Annual Burden: 70 hours.
Estimated Average Burden per
Respondent: 1 minute.
Frequency of Response: One time.
Estimated Number of Respondents:
967.
By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–03541 Filed 2–21–20; 8:45 am]
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