30 Day FRN

Federal Register / Vol. 87, No. 249 / Thursday, December 29, 2022 / Notices
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0875]

Agency Information Collection Activity
Under OMB Review: VA-Guaranteed
Home Loan Cash-Out Refinance Loan
Comparison Disclosure
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

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: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular

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SUMMARY:

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information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0875.
FOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise
and Integration, Data Governance
Analytics (008), 810 Vermont Ave. NW,
Washington, DC 20006, (202) 266–4688
or email [email protected]. Please
refer to ‘‘OMB Control No. 2900–0875’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority:
Public Law 115–174; 38 CFR 36.4306.
Title: VA-Guaranteed Home Loan
Cash-out Refinance Loan Comparison
Disclosure.
OMB Control Number: 2900–0875.
Type of Review: Extension of a
currently approved collection.
Abstract: All—VA guaranteed cashout refinancing loans must comply with
the Act and AQ42. All refinancing loan
applications taken on or after the
effective date that do not meet the
following requirements may be subject
to indemnification or the removal of the
guaranty. Failure to provide initial
disclosures to the Veteran within 3
business days from the initial
application date and at closing may

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result in indemnification of the loan up
to 5 years. There are three categories of
refinance loans; Interest Rate Reduction
Refinancing Loans (IRRRL), TYPE I
Cash-Out Refinance, and TYPE II CashOut Refinance.
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 87 FR
206 on October 26, 2022, pages 64860
and 64861.
Affected Public: Individuals or
Households.
Estimated Annual Burden: 40,000
Estimated Average Burden per
Respondent: 5 minutes.
Frequency of Response: On occasion.
Estimated Number of Respondents:
480,000.
By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of
Enterprise and Integration, Data Governance
Analytics, Department of Veterans Affairs.
[FR Doc. 2022–28401 Filed 12–28–22; 8:45 am]
BILLING CODE 8320–01–P

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