Guaranteed or Insured Loan Reporting Requirements

ICR 202208-2900-003

OMB: 2900-0909

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-08-12
IC Document Collections
IC ID
Document
Title
Status
255296 New
ICR Details
202208-2900-003
Received in OIRA
VA VBA-LGY-NK
Guaranteed or Insured Loan Reporting Requirements
Existing collection in use without an OMB Control Number   No
Regular 08/15/2022
  Requested Previously Approved
36 Months From Approved
843,150 0
67,452 0
0 0

This information collection package seeks OMB approval of information collection requirements currently found in VA regulations, but that do not appear to have previously been approved by OMB. VA statute requires lenders to report a guaranteed or insured loan to VA in such detail as the Secretary may prescribe. 38 U.S.C. 3702(c). In cases where the loan is guaranteed, the Secretary shall provide the lender with a loan guaranty certificate or other evidence of the guaranty. Regulations codified at 38 CFR 36.4303 detail the requirements of lenders to report loans to VA in order to obtain evidence of the guaranty.

None
None

Not associated with rulemaking

  87 FR 13371 03/09/2022
87 FR 29786 05/16/2022
No

1
IC Title Form No. Form Name
Loan Reporting

  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 843,150 0 0 843,150 0 0
Annual Time Burden (Hours) 67,452 0 0 67,452 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is the first submission for this information collection request.

$13,929
No
    Yes
    No
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.
08/15/2022


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