Loan Guaranty - Maintenance of Loan Records, Elimination of Reference to HUD MPS (HUD Handbook 4900.1) (38 CFR 36.4215 and 36.4330)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SupportingStatement(2900-0515)- v3 (1).docx	Supporting Statement A	Uploaded 2024-01-02	Repair queued
2023-28806.pdf	Supplementary Document	Uploaded 2024-01-02	Repair queued
2023-23496.pdf	Supplementary Document	Uploaded 2023-10-25	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
253735	Pre-Closing API Review Submission		Modified
253734	Audit Collections Submitted via API		Modified
148357	Audit Collection Manual Submission	Other-Screen Shot	Modified

ICR Details

OMB Control No: 2900-0515	ICR Reference No: 202310-2900-001
Status: Historical Active	Previous ICR Reference No: 202302-2900-009
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: Loan Guaranty - Maintenance of Loan Records, Elimination of Reference to HUD MPS (HUD Handbook 4900.1) (38 CFR 36.4215 and 36.4330)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/10/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/02/2024
Terms of Clearance: OMB is approving this information collection request for a period of three years during which time the agency will request approval to extend or revise the collection if the agency seeks to continue the information collection activity beyond the period approved under this action.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2027	36 Months From Approved	09/30/2025
Responses	1,385,000	0	1,385,000
Time Burden (Hours)	11,080	0	14,983
Cost Burden (Dollars)	0	0	0

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Abstract: VA is submitting this revised information collection in advance of implementing new technology and oversight procedures in which VA will collect from lenders certain loan origination information via a computable electronic format.

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Authorizing Statute(s): US Code: 38 USC 3703(c)(1)
  

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:
	88 FR 23496	10/25/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 28806	01/02/2024
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
Audit Collection Manual Submission
Audit Collections Submitted via API
Pre-Closing API Review Submission

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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	1,385,000	1,385,000	0	0	0	0
Annual Time Burden (Hours)	11,080	14,983	0	-3,903	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The decrease in burden is due to the implementation of new technology and oversight procedures.

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Annual Cost to Federal Government: $1,043,985

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.     No

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.     No

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: 01/02/2024

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