Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (VA Forms 26-1820, 26-8497 & 26-8497a)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form VAF 26-1820 Report and Certification of Loan Disbursement	Form	Modified	Available
Form VA Form 26-8497a Request for Verification of Deposit	Form	Modified	Available
Form VA Form 26-8497 Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (26-1820, 26-8497 & 26-8497a)	Form	Modified	Repair queued
30-Day FRN.pdf	Supplementary Document	Uploaded 2022-09-26	Repair queued
SupportStatement OMB 2900-0521 v3.docx	Supporting Statement A	Uploaded 2022-09-20	Repair queued
60-Day FRN.pdf	Supplementary Document	Uploaded 2022-07-20	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
28706	Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (26-1820, 26-8497 & 26-8497a)	Form	Modified	Report and Certification of Loan Disbursement
28706	Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (26-1820, 26-8497 & 26-8497a)	Form	Modified	Request for Verification of Deposit
28706	Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (26-1820, 26-8497 & 26-8497a)	Form	Modified
254593	Request for Verification of Deposit		New
254592	Request for Verification of Employment		New

ICR Details

OMB Control No: 2900-0521	ICR Reference No: 202207-2900-004
Status: Historical Active	Previous ICR Reference No: 202001-2900-003
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-MS
Title: Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (VA Forms 26-1820, 26-8497 & 26-8497a)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/26/2022
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2025	36 Months From Approved	11/30/2023
Responses	804,000	0	900,000
Time Burden (Hours)	267,167	0	187,500
Cost Burden (Dollars)	0	0	0

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Abstract: VA Form 26-1820 is used for loans closed on the prior approval and automatic basis. It is used by lenders closing VA loans under 38 U.S.C. 3710 and thereby complies with the provisions of 38 U.S.C. 3702(c) which requires lenders to report to the Secretary on loans guaranteed or insured. In this information collection request VA has revised the VA Form 26-1820 to include additional fields and certifications. The fields added are already collected routinely by the lender and do not add an undue burden to the lender. In addition, certifications that are to be provided to the Veteran were added that were included in OMB Control # 2900-0144.

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Authorizing Statute(s): US Code: 38 USC 3702(c) Name of Law: Basic entitlement
   US Code: 38 USC 3710 Name of Law: Housing and Small Business Loans
  

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:
	87 FR 43386	07/20/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 58437	09/26/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Report and Certification of Loan Disbursement, Request for Verification of Employment and Request for Verification of Deposit (26-1820, 26-8497 & 26-8497a)	VA Form 26-8497a, VAF 26-1820, VA Form 26-8497	Request for Verification of Deposit ,   Report and Certification of Loan Disbursement
Request for Verification of Deposit
Request for Verification of Employment

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ICR Summary of Burden

table that charts list of burden

	Total Approved	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	804,000	900,000	0	-96,000	0	0
Annual Time Burden (Hours)	267,167	187,500	0	79,667	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden for the VA form 26-1820 has increased since the last submission of the information collection request due to volume and the addition of fields. The burden for the VA Form 26-8497 and VA Form 26-8497a was reduced since the last submission. While lenders are able to use these forms, they are not required to. In practice, most lenders do not use either of these forms. Therefore, the primary usage is for VA’s two direct lending programs.

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Annual Cost to Federal Government: $15,920

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: 09/26/2022

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