Loan Guaranty: Requirements for Interest Rate Reduction Refinancing Loans

ICR 200202-2900-018

OMB: 2900-0601

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
2900-0601 200202-2900-018
Historical Active 199808-2900-019
VA
Loan Guaranty: Requirements for Interest Rate Reduction Refinancing Loans
Extension without change of a currently approved collection   No
Regular
Approved without change 04/26/2002
Retrieve Notice of Action (NOA) 02/26/2002
NONE
  Inventory as of this Action Requested Previously Approved
06/30/2005 06/30/2005 04/30/2002
170 0 350
85 0 175
0 0 1,000

VA is authorized to guarantee loans to veterans to refinance existing mortgage loans previously guaranteed by VA provided the veteran still owns the property used as security for the loan. Under the requirements currently in place, VA requires that the lender provide VA with the credit information to assure itself that interest rate reduction refinancing loans to refinance delinquent loans are undertaken in a reasonable and prudent manner.

None
None


No

1
IC Title Form No. Form Name
Loan Guaranty: Requirements for Interest Rate Reduction Refinancing Loans

  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 170 350 0 0 -180 0
Annual Time Burden (Hours) 85 175 0 0 -90 0
Annual Cost Burden (Dollars) 0 1,000 0 -1,000 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
02/26/2002


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