Document
Agency Information Collection Activity Under OMB Review: VA Loan Electronic Reporting Interface (VALERI) System and Title Requirements for Conveyance of Real Property to the Secretary
In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration (VBA), Department of Veterans Affairs, will submit ...
SUPPLEMENTARY INFORMATION:
Title:
VA Loan Electronic Reporting Interface (VALERI) System and Title Requirements for Conveyance of Real Property to the Secretary.
OMB Control Number:
2900-0021
https://www.reginfo.gov/public/do/PRASearch.
Type of Review:
Extension without change of a currently approved collection.
Abstract:
VA uses the information collection in cases where loss mitigation efforts are unsuccessful and a VA-guaranteed loan goes into foreclosure. Statutory requirements for conveyance of properties to the Secretary are found in chapter 37 of title 38, United States Code. The implementing regulations are found in part 36 of title 38, Code of Federal Regulations (CFR). In 38 CFR 36.4323, titled “Election to convey security”, VA explains that each conveyance or transfer of real property to the Secretary pursuant to this section shall be acceptable if:
The holder thereby covenants or warrants against the acts of the holder and those claiming under the holder (
e.g.,
by special warranty deed); and
It vests in the Secretary or will entitle the Secretary to such title as is or would be acceptable to prudent lending institutions, informed buyers, title companies, and attorneys, generally, in the community in which the property is situated.
An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. The
Federal Register
Notice with a 60-day comment period soliciting comments on this collection of information was published at 90 FR 27070, June 25, 2025.
Affected Public:
Individuals or Households.
Estimated Annual Burden:
3,027 hours.
Estimated Average Burden per Respondent:
11 minutes.
Frequency of Response:
Annually.
Estimated Number of Respondents:
16,509.
Authority:44 U.S.C. 3501
et seq.
Dorothy Glasgow,
Acting, VA PRA Clearance Officer, Office of Enterprise and Integration, Data Governance Analytics, Department of Veterans Affairs.