Fiduciary Agreement (VA Form 21P-4703)

Forms and Documents

Document Name	Status
Form 21P-4703 Fiduciary Agreement (VA Form 21P-4703) Form	Modified
2021-09414, 30-Day FRN (VAF21P-4703).pdf Supplementary Document	2021-05-05
2021-03691, 60-Day FRN (VAF21P-4703).pdf Supplementary Document	2021-04-28
2900-0319, Supporting Statement (VAF 21P-4703).docx Supporting Statement A	2021-04-29

IC Document Collections

IC ID	Document Title	Status
28528	Fiduciary Agreement (VA Form 21P-4703) Form	Modified

ICR Details

OMB Control No: 2900-0319	ICR Reference No: 202012-2900-002
Status: Received in OIRA	Previous ICR Reference No: 201607-2900-006
Agency/Subagency: VA	Agency Tracking No: VBA-P&F-MS
Title: Fiduciary Agreement (VA Form 21P-4703)
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 05/05/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	47,000	0
Time Burden (Hours)	3,917	0
Cost Burden (Dollars)	0	0

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Abstract: VA Form 21P-4703 is the prescribed form used by VBA as a legal contract between the VA and a federal fiduciary. The form outlines the roles and responsibilities of the fiduciary with respect to the uses of VA funds. Without this agreement, disbursement of funds to the fiduciary would not be possible.

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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:
	86 FR 11054	02/23/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 24135	05/05/2021
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)	21P-4703	Fiduciary Agreement

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ICR Summary of Burden

	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	47,000	0	0	0	0	47,000
Annual Time Burden (Hours)	3,917	0	0	0	0	3,917
Annual Cost Burden (Dollars)	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $225,730

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? No

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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: 05/05/2021

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