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Information Collection Request

Loan Guaranty: Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans

ICR 199708-2900-005 · OMB 2900-0521 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
28704 Loan Guaranty: Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans Migrated
ICR Details
2900-0521 199708-2900-005
Historical Active 199411-2900-001
VA
Loan Guaranty: Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans
Revision of a currently approved collection   No
Regular
Approved without change 10/07/1997
Retrieve Notice of Action (NOA) 08/13/1997
  Inventory as of this Action Requested Previously Approved
10/31/2000 10/31/2000 12/31/1997
300,000 0 193,000
1 0 35,383
18,875,000 0 0
Pursuant to P.L. 99-576, VA was required to publish, in regulatory form, the credit standards used in underwriting VA guaranteed home loans. As industry demands dictate, VA periodically updates these standards. These amendments update the existing credit standards to conform to current industry practices.
None
None
No
1
IC Title Form No. Form Name
Loan Guaranty: Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans
  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 300,000 193,000 0 107,000 0 0
Annual Time Burden (Hours) 1 35,383 0 -35,382 0 0
Annual Cost Burden (Dollars) 18,875,000 0 0 18,875,000 0 0
No
Yes
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
  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.
08/13/1997