Fiduciary Agreement (21P-4703)

Forms and Documents

Document Name	Status
Form VA Form 21P-4703 Fiduciary Agreement Form	Modified
30-Day FRN - 2900-0319 (2015).pdf Supplementary Document	2015-10-30
60-Day FRN - 2900-0319 (2015).pdf Supplementary Document	2015-09-15
Supporting Statement for 2900-0319 (21P-4703) 10-30-15.docx Supporting Statement A	2015-10-30

IC Document Collections

IC ID	Document Title	Status
28528	Fiduciary Agreement Form	Modified

ICR Details

OMB Control No: 2900-0319	ICR Reference No: 201506-2900-007
Status: Historical Active	Previous ICR Reference No: 201308-2900-028
Agency/Subagency: VA	Agency Tracking No: VBA-P&F-YM
Title: Fiduciary Agreement (21P-4703)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/02/2016
	Date Received in OIRA: 11/13/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2019	36 Months From Approved	03/31/2016
Responses	47,000	0	17,600
Time Burden (Hours)	3,917	0	1,467
Cost Burden (Dollars)	0	0	0

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Abstract: VA Form 21P-4703 is used as an agreement between the Department of Veterans Affairs and a federally-appointed fiduciary for a beneficiary's VA benefits. It outlines the fiduciary's responsibilities with respect to the use of funds derived from VA benefits.

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Authorizing Statute(s): US Code: 38 USC 5502 Name of Law: Payments to and supervision of fiduciaries
  

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:
	80 FR 46388	08/04/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 66977	10/30/2015
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
Fiduciary Agreement	VA Form 21P-4703	FIDUCIARY AGREEMENT

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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	47,000	17,600	0	29,400	0	0
Annual Time Burden (Hours)	3,917	1,467	0	2,450	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden hours have increased due to increased program population, change in program regulations, policies and procedures.

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Annual Cost to Federal Government: $120,088

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: 11/13/2015

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