Guaranteed or Insured Loan Reporting Requirements

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
AS16(P) PLSD (100) Final to OPIA OCLA (11.15..24) LGY-Loan Reporting and Partial Total Loss of Guaranty Ins.docx	Supplementary Document	Uploaded 2024-11-20	Available
AS16(P) PLSD (100) Final to OPIA OCLA (11.15..24) LGY-Loan Reporting and Partial Total Loss of Guaranty Ins.docx	Supplementary Document	Uploaded 2024-11-20	Available
SupportStatement_2900-0909 FINAL 112024.docx	Supporting Statement A	Uploaded 2024-11-20	Available
SupportStatement_2900-0909 FINAL 112024.docx	Supporting Statement A	Uploaded 2024-11-20	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
272239	Late reporting statement	Instruction	New
272234	Reporting and certification of a loan that requires VA prior approval	Instruction	New
255296	Loan Reporting	Instruction	Modified

ICR Details

OMB Control No: 2900-0909	ICR Reference No: 202411-2900-004
Status: Historical Inactive	Previous ICR Reference No: 202208-2900-003
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: Guaranteed or Insured Loan Reporting Requirements
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 05/02/2025
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/20/2024
Terms of Clearance: OMB files this comment in accordance with 5 CFR 1320.11(c). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. In accordance with 5 CFR 1320, the information collection is not approved at this time. Prior to publication of the final rule, the agency should provide to OMB a summary of all comments received on the proposed information collection and identify any changes made in response to these comments. VA will submit a request to revise questions to align with E.O. 14168 Defending Women From Gender Ideology Extremism and Restoring Biological Truth to the Federal Government.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2025	36 Months From Approved	08/31/2025
Responses	843,150	0	843,150
Time Burden (Hours)	67,452	0	67,452
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 38 USC 3702(C) Name of Law: Basic Entitlement
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2900-AS16	Proposed rulemaking	89 FR 91624	11/20/2024

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Federal Register Notices & Comments

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
Late reporting statement
Loan Reporting
Reporting and certification of a loan that requires VA prior approval

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to: Using Information Technology

Short Statement: The Department of Veterans Affairs (VA) is submitting this revised information collection in conjunction with a proposed rulemaking that would implement new technology and reporting procedures in which VA would collect from lenders certain loan origination information and the appropriate funding fee via a computable electronic format. The burden decrease is due to electronic reporting and remittance processes being implemented by VA.

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Annual Cost to Federal Government: $18,404

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.     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: 11/20/2024

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