Federal Register #2026-06233

VA Seeks Public Comment on Lender Authority to Close Loans Automatically

The Veterans Benefits Administration (VBA) of the Department of Veterans Affairs is seeking public comment on a proposed information collection for lenders applying for authority to close loans automatically. - Government Buyer: - Veterans Benefits Administration, Department of Veterans Affairs - Purpose: - Collect applications from nonsupervised lenders for approval to process loans automatically under 38 U.S.C. 3710 - Includes annual recertifications and agent recognition requests - Use of Information: - Assess lender eligibility and compliance with statutory standards - Volume: - Estimated 10,560 respondents annually - Estimated annual burden of 893 hours - OEMs and Vendors: - No OEMs or vendors are involved; this is an administrative information collection, not a procurement of products or services - Unique Requirements: - Focus on lender eligibility, compliance, and annual recertification processes

Description

The Veterans Benefits Administration of the Department of Veterans Affairs is seeking public comment on the proposed collection of information related to the Application for Authority to Close Loans on an Automatic Basis for nonsupervised lenders. This collection involves applications for lenders to gain approval to process loans automatically under 38 U.S.C. 3710, including yearly recertifications and agent recognition requests. The information collected is essential for determining lender acceptability and ensuring compliance with statutory standards. Comments on the collection are due by June 1, 2026.

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