VA LOAN ELECTRONIC REPORTING INTERFACE (VALERI) SYSTEM and TITLE REQUIREMENTS FOR CONVEYANCE OF REAL PROPERTY TO THE SECRETARY

Forms and Documents

Document Name	Status
Bulk Upload Template ICR Non Substantive Change 8.29.24.docx Justification for No Material/Nonsubstantive Change	2024-09-03
2022-14909.pdf Supplementary Document	2022-07-14
SupportingStatement VALERI - Title Requirements for Conveyance Response 4-28-2022 - v8.docx Supporting Statement A	2022-06-22
60-day FRN.pdf Supplementary Document	2022-05-10

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: 202409-2900-002
Status: Received in OIRA	Previous ICR Reference No: 202205-2900-001
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: VA LOAN ELECTRONIC REPORTING INTERFACE (VALERI) SYSTEM and TITLE REQUIREMENTS FOR CONVEYANCE OF REAL PROPERTY TO THE SECRETARY
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/04/2024

	Requested	Previously Approved
Expiration Date	08/31/2025	08/31/2025
Responses	16,509	16,509
Time Burden (Hours)	3,027	3,027
Cost Burden (Dollars)	0	0

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Abstract: VA provides the authority for VA-guaranteed mortgage servicers to 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. VA is submitting this modification to address information collection in the event loss mitigation efforts are unsuccessful and a VA-guaranteed loan goes into foreclosure.

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Authorizing Statute(s): US Code: 38 USC 3732 Name of Law: Procedure on default
   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
  

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:
	87 FR 27700	05/09/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 14909	07/13/2022
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 26-1874a, VA Form 26-1874, 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 ,   Notice of Default and Intention to Foreclose ,   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 Request	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	16,509	16,509	0	0	0	0
Annual Time Burden (Hours)	3,027	3,027	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: The increase is due to the addition of the information collection for title documentation to the previously approved collection.

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Annual Cost to Federal Government: $417,949

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.     Yes

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: 09/04/2024

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