VA Updates Loan Foreclosure Paperwork: Comment by Late May
Published Date: 4/27/2026
Notice
Summary
The VA is updating how it collects info through the VALERI system when a VA-backed home loan goes into foreclosure and the property is handed over to the government. This affects lenders and others involved in these loans, aiming to make the process smoother and clearer. Comments on these changes are open until May 27, 2026, with no new costs expected for those involved.
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Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Much larger VALERI reporting burden
VA updated the VALERI information collection so it now expects 39,744 respondents with an estimated average burden of 66 minutes per response, producing a total annual burden of 43,751 hours (one-time). The number of respondents rose from 16,509 and the per-response time rose from 11 minutes, increasing overall reporting time substantially.
New VALERI fields to implement VA Reform Act
To implement Public Law 119-31 (VA Home Loan Program Reform Act, July 30, 2025), VA will collect additional data elements and documentation through the VALERI system to align with newly enacted statutory requirements supporting expanded Loss Mitigation and Partial Claim activities.
VASP and COVID data elements removed
VA removed Veteran Assistance Servicing Purchase (VASP) data elements and COVID-19 Veterans Assistance Partial Claim Program (COVID-VAPCP) and COVID-19 Refund Modification data elements from the VALERI Events Upload Template because the VASP program wound down and the COVID-related authorities expired; those data elements are no longer required.
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