Loan Analysis (VA Form 26-6393)

ICR 202203-2900-001

OMB: 2900-0523

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Removed
Form and Instruction
New
Supplementary Document
2022-05-16
Supporting Statement A
2022-05-10
Supplementary Document
2022-03-08
IC Document Collections
IC ID
Document
Title
Status
28709 Removed
251931 New
ICR Details
2900-0523 202203-2900-001
Received in OIRA 201902-2900-010
VA VBA-LGY-MS
Loan Analysis (VA Form 26-6393)
Revision of a currently approved collection   No
Regular 06/16/2022
  Requested Previously Approved
36 Months From Approved 08/31/2022
560,000 250,000
280,000 125,000
0 0

The VA Form 26-6393 is completed by employees of lending institutions to determine the veteran-borrower's ability to qualify for a VA-guaranteed loan authorized by 38 U.S.C. 3710(a). VA reviews the form to verify the lender's adherence to VA credit standards.

US Code: 38 USC Section 3710(a), (b), and (g) Name of Law: Purchase or construction of homes
  
None

Not associated with rulemaking

  87 FR 4808 03/08/2022
87 FR 431 05/16/2022
No

1
IC Title Form No. Form Name
Loan Analysis VA Form 26-6393 Loan Analysis
Loan Analysis 26-6393 LOAN ANALYSIS

  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 560,000 250,000 0 560,000 -250,000 0
Annual Time Burden (Hours) 280,000 125,000 0 280,000 -125,000 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The burden was increased due to increases in projected volume for purchase and cash-out refinance transactions. The hourly mean wage for the occupation increased slightly resulting in a marginal higher cost per response.

$47,292
No
    Yes
    Yes
No
No
No
No
Maribel Aponte 202 266-4688 [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.
06/16/2022


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