Approved
consistent with the following terms of clearance: in the next
submission of this collection to OMB for review VA shall report on
Dept. efforts to provide a fully electronic (excluding fax) system
for respondents to complete and submit associated forms.
Additionally, VA will continue to display the OMB burden statement
on forms approved under this collection.
Inventory as of this Action
Requested
Previously Approved
02/28/2010
36 Months From Approved
02/28/2007
50,000
0
75,000
4,167
0
6,250
0
0
0
Form used by lenders authorized to
close VA-guaranteed loans on the automatic basis pursuant to 38
U.S.C. 3702(d) for submission to VA prior to loan closing as a
means of obtaining information on any existing benefit-related
indebtedness of veteran home loan applicant.
US Code:
38
USC 5314(c) Name of Law: Special Provisions Relating to
Benefits
US Code: 38
USC 3702(d) Name of Law: Housing and Small Business Loan
The decrease in burden hours is
due to a significant decrease in the number of VA guaranteed loans.
VA expect the number to remain lower than it had been
previously.
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.