VA Loan Electronic Reporting Interface (VALERI) System

Forms and Documents

Document Name	Status
VALERI Screenshots.pdf Supplementary Document	2011-03-05
Valeri Memo.doc Supplementary Document	2011-03-05
2900-0021 justification.doc Supporting Statement A	2010-06-18

IC Document Collections

IC ID	Document Title	Status
28116	VA Loan Electronic Reporting Interface (VALERI) System Other-System	Modified

ICR Details

OMB Control No: 2900-0021	ICR Reference No: 201003-2900-018
Status: Historical Active	Previous ICR Reference No: 200707-2900-001
Agency/Subagency: VA	Agency Tracking No: 2900-0021
Title: VA Loan Electronic Reporting Interface (VALERI) System
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 03/21/2011
	Date Received in OIRA: 06/18/2010
Terms of Clearance: Approved consistent with screenshots of the VALERI system provided by VA and clarifying revisions included in the public docket.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	03/31/2011
Responses	967	0	279,000
Time Burden (Hours)	70	0	66,166
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 3712 Name of Law: Loans to purchase manufactured homes and lots
   US Code: 38 USC 3732 Name of Law: Procedure on default
   US Code: 38 USC 3710 Name of Law: Purchase or construction of homes
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2900-AL65	Final or interim final rulemaking	73 FR 6294	02/01/2008

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 66	04/07/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 114	06/15/2010
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
VA Loan Electronic Reporting Interface (VALERI) System

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ICR Summary 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	279,000	0	-278,033	0	0
Annual Time Burden (Hours)	70	66,166	0	-66,096	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: Yes

Burden Reduction Due to: Using Information Technology

Short Statement: This information collection combines VA Forms 26-6850, 26-6850a, and 26-6851 (OMB Collection #2900-0021), 26-567 (OMB Collection #2900-0131), 26-8903 (OMB Collection #2900-0381), 26-1874 and 26-1874a (OMB Collection #2900-0362), and 26-8778 (OMB Collection #2900-0251). Collectively these collections have gone from 136,472 burden hours to 70 burden hours. This is due to this information being collected and submitted electronically through the VALERI system.

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Annual Cost to Federal Government: $612,068

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

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? Uncollected

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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: 06/18/2010

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