LOAN GUARANTY: SERVICING PROCEDURES FOR HOLDERS AND SERVICERS OF VA GUARANTEED LOANS
Reinstatement without change of a previously approved collection
No
Regular
05/03/2021
Requested
Previously Approved
36 Months From Approved
427
0
63
0
0
0
VA IS PUBLISHING IN REGULATORY FORM THE SERVICING PROCEDURES THAT WILL CONSTITUTE ADEQUATE SERVICING OF VA GUARANTEED LOANS. FOLLOWING THESE PROCEDURES, SERVICERS WILL PROVIDE VARIOUS NOTICES TO BORROWERS, VA, A CREDIT UNIONS AND WILL COLLECT INFORMATION CONCERNING DELINQUENCY AND FORECLOSURES.
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.