CREDIT STATEMENT OF PROSPECTIVE PURCHASER AND CONTRACT OF SALE

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
146615	CREDIT STATEMENT OF PROSPECTIVE PURCHASER AND CONTRACT OF SALE Form	Migrated

ICR Details

OMB Control No: 2900-0029	ICR Reference No: 198412-2900-007
Status: Historical Active	Previous ICR Reference No: 198409-2900-029
Agency/Subagency: VA	Agency Tracking No:
Title: CREDIT STATEMENT OF PROSPECTIVE PURCHASER AND CONTRACT OF SALE
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/15/1985
	Date Received in OIRA: 12/06/1984
Terms of Clearance: APPROVED FOR USE THROUGH MAY 31, 1985. NOT LATER THAN JUNE 1, 1985 VA MUST REPRINT THIS FORM DELETING ITEMS 7 AND 8. THESE ITEMS ARE NOT NECESSARY FOR PROPER PERFORMANCE OF THE AGENCY. THE EQUAL CREDIT OPPORTUNITY ACT VESTS ADMINISTRATIVE ENFORCEMENT RESPON SIBILITIES WITH RESPECT TO DIFFERENT CLASSES OF CREDITORS IN SPECIFIC FINANCIAL REGULATORY AGENCIES. VA'S ACTIVITIES IIN THIS AREA ARE THEREFORE DUPLICATIVE OF THOSE CONDUCTED BY THE SPECIFIED ENFORCEMENT AGENCCIES, AND COLLECTION OF DATA IS THUS UNAPPROVABLE UNDER THE TERMS OF THE PAPERWORK REDUCTION ACT. A COPY OF THE REVISED FORM MUST BE SUBMITTED TO OMB NOT LATER THAN MAY 25, 1985. THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WILL BE ADVISED OF THIS ACTION AND WILL BE REQUIRED TO MAKE SIMILAR MODIFICATIONS ON ITS FORMS. Remarks added 05/31/85 as follows: A one-month extension has been granted in order to review VA's appeal of OMB's action on this form.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/1985	05/31/1985
Responses	61,000	0	0
Time Burden (Hours)	30,500	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: FORM SERVES AS OFFER TO PURCHASE, CREDIT STATEMENT AND CONTRACT OF SALE, FOR OFFERORS SUBMITTING PURCHASE OFFERS TO VA ON PROPERTIES ACQUIRED THROUGH OPERATION OF THE GUARANTEED AND DIRECT LOAN PROGRAMS AS AUTHORIZED BY 38 U.S.C. 1802(A)(5) AND (6). INFORMATION COLLECTED IS USED TO SELECT MOST ADVANTAGEOUS OFFER AND TO PERFORM CREDIT UNDERWRITING FOR VA FINANCING.

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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

IC Title	Form No.	Form Name
CREDIT STATEMENT OF PROSPECTIVE PURCHASER AND CONTRACT OF SALE	26-6705

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ICR Summary 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	61,000	0	0	0	61,000	0
Annual Time Burden (Hours)	30,500	0	0	0	30,500	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: 12/06/1984

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