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 202105-2900-013

OMB: 2900-0515

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-05-28
ICR Details
2900-0515 202105-2900-013
Received in OIRA 202007-2900-003
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)
Revision of a currently approved collection   No
Regular 06/01/2021
  Requested Previously Approved
36 Months From Approved 01/31/2024
35,000 35,000
17,500 17,500
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.

US Code: 38 USC 3703(c)(1)
  
None

2900-AR05 Final or interim final rulemaking 86 FR 28692 05/28/2021

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 35,000 0 0 0 0
Annual Time Burden (Hours) 17,500 17,500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$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.
06/01/2021


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