VA Request for Determination of Reasonable Value

OMB Control No: 2900-0045	ICR Reference No: 201009-2900-011
Status: Historical Active	Previous ICR Reference No: 200706-2900-028
Agency/Subagency: VA	Agency Tracking No: 2900-0045
Title: VA Request for Determination of Reasonable Value
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/20/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/08/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2014	36 Months From Approved	05/31/2011
Responses	300,000	0	300,000
Time Burden (Hours)	60,000	0	60,000
Cost Burden (Dollars)	0	0	0

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Abstract: VA is required by 38 U.S.C. 3710(b)(5) to determine the reasonable value of properties proposed as security for guaranteed or direct home loans authorized by 38 U.S.C. 3710 or 3711, and to require minimum property standards pursuant to 38 U.S.C. 3704(a). The request provides information to permit assignment of appraisal and inspection of the property for these purposes.

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Authorizing Statute(s): US Code: 38 USC 3710(b) (4)(5)(6) Name of Law: Purchase or construction of homes    US Code: 38 USC 3711 Name of Law: Direct loans to veterans    US Code: 38 USC 3731(c) Name of Law: Appraisals

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:
	75 FR 193	10/06/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 241	12/16/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name VA Request for Determination of Reasonable Value VA FORM 26-1805, 26-1805-1 VA REQUEST FOR DETERMINATION OF REASONABLE VALUE ,   VA Request for Determination of Reasonable Value (Real Estate)

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ICR Summary 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	300,000	300,000	0	0	0	0
Annual Time Burden (Hours)	60,000	60,000	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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? Uncollected

Agency Contact: Denise McLamb 202-565-8374 [email protected]

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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: 02/08/2011

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