REQUEST FOR DETERMINATION OF REASONABLE VALUE, RESIDENTIAL APPRAISAL REPORT, CERTIFICATE OF REASONABLE VALUE

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability

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IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
146716	REQUEST FOR DETERMINATION OF REASONABLE VALUE, RESIDENTIAL APPRAISAL REPORT, CERTIFICATE OF REASONABLE VALUE	Form	Migrated

ICR Details

OMB Control No: 2900-0045	ICR Reference No: 198206-2900-011
Status: Historical Active	Previous ICR Reference No: 198101-2900-008
Agency/Subagency: VA	Agency Tracking No:
Title: REQUEST FOR DETERMINATION OF REASONABLE VALUE, RESIDENTIAL APPRAISAL REPORT, CERTIFICATE OF REASONABLE VALUE
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/16/1982
	Date Received in OIRA: 06/18/1982
Terms of Clearance: VA Form 26-1805, Request for Determination of Reasonable Value, and related forms 26-1803 and 26-1843 are approved for use through 8/31/84 on the condition that the VA provide to OMB by 10/31/82 verification o the lender burden of 25 minutes per transaction. The appraiser burden of 3 hours per transaction is not being recorded because the appraisal is viewed as usual and customary in the normal course of business.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/1984	08/31/1984	11/30/1982
Responses	430,000	0	585,000
Time Burden (Hours)	179,167	0	585,000
Cost Burden (Dollars)	0	0	0

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Abstract: VA IS REQUIRED BY 38 U.S.C. 1810(B)(5) TO DETERMINE THE REASONABLE VALUE OF PROPERTIES PROPOSED AS SECURITY FOR GUARANTEED OR DIRECT HOME LOANS AUTHORIZED BY 38 U.S.C. 1810 OR 1811, AND TO REQUIRE MINIMUM PROPERTY STANDARDS PURSUANT TO 38 U.S.C. 1804(A). THE REQUEST PROVIDES BASIC INFORMATION TO PERMIT ASSIGNMENT OF APPRAISAL AND INSPECTION OF THE PROPERTY FOR THESE PURPOSES, AS WELL AS THE APPRAISAL OF LOTS FOR LOANS AUTHORIZED BY 38 U.S.C. 1819.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
REQUEST FOR DETERMINATION OF REASONABLE VALUE, RESIDENTIAL APPRAISAL REPORT, CERTIFICATE OF REASONABLE VALUE	26-1805, 26-1803, 26-1843

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ICR Summary of Burden

table that charts list of burden

	Total Approved	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	430,000	585,000	0	0	-155,000	0
Annual Time Burden (Hours)	179,167	585,000	0	0	-405,833	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:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 06/18/1982

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