VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1)

Forms and Documents

Document Name	Status
Form VA FORM 26-1805 VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1) Form	Modified
OMB26-1805&-1(4-4-14).docx Supporting Statement A	2014-04-08
2900-0045 (30-day FRN).pdf Supplementary Document	2014-01-10
2900-0045 (60-day FRN).pdf Supplementary Document	2014-01-10

IC Document Collections

IC ID	Document Title	Status
28166	VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1) Form	Modified

ICR Details

OMB Control No: 2900-0045	ICR Reference No: 201308-2900-018
Status: Historical Active	Previous ICR Reference No: 201009-2900-011
Agency/Subagency: VA	Agency Tracking No: 2900-0045 VBA-LGY-DB
Title: VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/14/2014
	Date Received in OIRA: 01/28/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2017	36 Months From Approved	05/31/2014
Responses	257,000	0	300,000
Time Burden (Hours)	51,400	0	60,000
Cost Burden (Dollars)	1,233,600	0	0

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Abstract: VA is required by 38 U.S.C. 3710(b)(5) to determine the reasonable value of properties proposed as security for guaranteed or direct home loans authorized by 38 U.S.C. 3710 or 3711, and to require minimum property standards pursuant to 38 U.S.C. 3704(a). The request provides information to permit assignment of appraisal and inspection of the property for these purposes.

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Authorizing Statute(s): US Code: 38 USC 3711 Name of Law: Direct loans to veterans
   US Code: 38 USC 3710(b) (4)(5)(6) Name of Law: Purchase or construction of homes
   US Code: 38 USC 3731(c) Name of Law: Appraisals
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 188	09/27/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 7	01/10/2014
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
VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1)	VA FORM 26-1805, 26-1805-1	VA REQUEST FOR DETERMINATION OF REASONABLE VALUE ,   VA Request for Determination of Reasonable Value (Real Estate)

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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	257,000	300,000	0	-43,000	0	0
Annual Time Burden (Hours)	51,400	60,000	0	-8,600	0	0
Annual Cost Burden (Dollars)	1,233,600	0	0	1,233,600	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: There is a decrease in burden due to the number of home purchases that require an appraisal be conducted.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 01/28/2014

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