VA Loan Electronic Reporting Interface (VALERI) System

Forms and Documents

Document Name	Status
30-Day FRN - 2900-0021 (2020).pdf Supplementary Document	2020-05-15
VALERI_Events_Bulk_Upload_Template_v.20.0.xlsx Supplementary Document	2020-05-07
VALERI_Claims_Bulk_Upload_Template_v.20.0.xlsx Supplementary Document	2020-05-07
60-Day FRN_OMB 2900-0021_VALERI.pdf Supplementary Document	2020-05-07
Justification_OMB 2900-0021_VALERI.docx Supporting Statement A	2020-05-07
2900-0021 VALERI Liability Monitoring.docx Supplementary Document	2020-02-05

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: 202002-2900-004
Status: 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
	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.

	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

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 and Intention to Foreclose ,   Notice of Default ,   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

	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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