LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)

ICR 202007-2900-003

OMB: 2900-0515

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-10-28
Supporting Statement A
2020-08-20
Supplementary Document
2020-08-20
ICR Details
2900-0515 202007-2900-003
Received in OIRA 199112-2900-003
VA VBA-LGY-NK
LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)
Reinstatement without change of a previously approved collection   No
Regular 10/28/2020
  Requested Previously Approved
36 Months From Approved
35,000 0
17,500 0
0 0

WHEN VA AUDITORS CONDUCT AUDITS AND EXAMINATIONS OF LENDER RECORDS, IT IS NECESSARY THAT THE RECORDS BE AVAILABLE. THIS NEW REGULATORY REQUIREMENT WILL ASSURE THAT LENDERS KEEP THEIR LOAN ORIGINATION RECORDS FOR AT LEAST ONE YEAR.

None
None

Not associated with rulemaking

  85 FR 18292 08/20/2020
85 FR 23477 10/23/2020
No

  Total Request 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 35,000 0 0 29,000 0 6,000
Annual Time Burden (Hours) 17,500 0 0 17,499 0 1
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The figures presented reflect current loan volumes.

$2,449,300
No
    No
    No
No
No
No
No
Danny Green 202 421-1354 [email protected]

  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.
10/28/2020


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