VA Request for Determination of Reasonable Value (VA Forms 26-1805 & 26-1805-1)
No material or nonsubstantive change to a currently approved collection
No
Regular
Approved without change
08/19/2022
06/28/2022
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
01/31/2025
01/31/2025
01/31/2025
650,000
0
650,000
585,000
0
585,000
0
0
0
This is a non-substantial revision to the electronic version of the VA 26-1805 and Tidewater process, OMB# 2900-0045. The previously approved collection includes the collection of Tidewater Point of Contact (POC) information to allow for electronic processing of Tidewater in the LGY system.
VA LGYâs loan volume has increased substantially since the last time this ICR was completed, which is one driver for why the burden hour changes have increased. However, VA has also streamlined the initial appraisal ordering process (Form 26-1805), which has resulted in the reduction of several fields in the form. Due to the automation, the estimated time to complete the Form 26-1805 has been reduced from 12 minutes to 6 minutes for the Loan Interviewees and Clerks only.
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.