Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans

ICR 200409-2900-002

OMB: 2900-0521

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
2900-0521 200409-2900-002
Historical Active 200108-2900-005
VA
Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans
Extension without change of a currently approved collection   No
Regular
Approved without change 12/07/2004
Retrieve Notice of Action (NOA) 09/02/2004
Approved under the following terms: as soon as possible but no later than 12/10/04 VA will provide OMB with 83-D forms to discontinue OMB No.s 2900-0032, 2900-0460, and 2900-0387.
  Inventory as of this Action Requested Previously Approved
12/31/2007 12/31/2007 12/31/2004
650,000 0 300,000
125,000 0 1
0 0 0

VA has set forth at 38 CFR 36.4337 credit standards to be used by lenders in underwriting VA guaranteed loans. The standards require lenders to collect certain specific information concerning the veteran and the veteran's creidt history. This information collection extends the previously approved collection.

None
None


No

1
IC Title Form No. Form Name
Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans 26-1820, 26-8497, 26-8947A

  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 650,000 300,000 0 0 350,000 0
Annual Time Burden (Hours) 125,000 1 0 0 124,999 0
Annual Cost Burden (Dollars) 0 0 0 0 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.
09/02/2004


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