Please resubmit
as a new collection. This is a not a collection in use without an
OMB control number.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
0
0
0
0
0
0
0
0
0
VA is initiating a temporary program
via rulemaking for veterans with VA-guaranteed or insured loans who
requested forbearance under the Coronavirus Aid, Relief, and
Economic Security Act (CARES Act), including forbearance granted to
a veteran for a financial hardship due, directly or indirectly, to
the COVID-19 national emergency. To implement the COVID-19 Veterans
Assistance Partial Claim Payment program (COVID-VAPCP), VA relies
on its loss-mitigation authority for helping veterans retain their
homes. Under this program, a servicer may consider a partial claim
option when evaluating loss-mitigation for a veteran exiting a
COVID-19 forbearance. For veterans and servicers who participate in
the program, the servicer is required to originate a new loan
repayable to VA and provide documentation to VA. This collection of
information is necessary to ensure that veterans and servicers can
comply with VA regulatory requirements proposed at 38 C.F.R. §§
36.4803, 36.4805, 38.4806, and 38.4807.
VA is initiating a temporary
program via rulemaking for veterans with VA-guaranteed or insured
loans who requested forbearance under the Coronavirus Aid, Relief,
and Economic Security Act (CARES Act), including forbearance
granted to a veteran for a financial hardship due, directly or
indirectly, to the COVID-19 national emergency. To implement the
COVID-19 Veterans Assistance Partial Claim Payment program
(COVID-VAPCP), VA relies on its loss-mitigation authority for
helping veterans retain their homes. Under this program, a servicer
may consider a partial claim option when evaluating loss-mitigation
for a veteran exiting a COVID-19 forbearance. For veterans and
servicers who participate in the program, the servicer is required
to originate a new loan repayable to VA and provide documentation
to VA. This collection of information is necessary to ensure that
veterans and servicers can comply with VA regulatory requirements
codified at 38 C.F.R. §§ 36.4803, 36.4805, 38.4806, and
38.4807.
$1,292,860
No
No
Yes
No
No
No
Yes
Maribel Aponte 202 266-4688
maribel.aponte@va.gov
No
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:
(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;
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.