LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)

ICR 202007-2900-003 · OMB 2900-0515 · Received in OIRA

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 2900-0515 can be found here:

Forms and Documents

Document	Type	Status	Availability
2020-23477.pdf	Supplementary Document	Uploaded 2020-10-28	Repair queued
SupportingStatement (2900-0515).rtf	Supporting Statement A	Uploaded 2020-08-20	Missing upstream
2020-18292.pdf	Supplementary Document	Uploaded 2020-08-20	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
148357	LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)	Other-Screen Shot	Modified

ICR Details

OMB Control No: 2900-0515	ICR Reference No: 202007-2900-003
Status: Received in OIRA	Previous ICR Reference No: 199112-2900-003
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 10/28/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	35,000	0
Time Burden (Hours)	17,500	0
Cost Burden (Dollars)	0	0

Abstract: WHEN VA AUDITORS CONDUCT AUDITS AND EXAMINATIONS OF LENDER RECORDS, IT IS NECESSARY THAT THE RECORDS BE AVAILABLE. THIS NEW REGULATORY REQUIREMENT WILL ASSURE THAT LENDERS KEEP THEIR LOAN ORIGINATION RECORDS FOR AT LEAST ONE YEAR.

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 18292	08/20/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 23477	10/23/2020
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
LOAN GUARANTY - MAINTENANCE OF LOAN RECORDS, ELIMINATION OF REFERENCE TO HUD MPS (MINIMUM PROPERTY STANDARDS - HUD HANDBOOK 4900.1) (38 CFR 36.4215 AND 36.4330)

ICR Summary of Burden

	Total Request	Change Due to Agency Discretion	Change Due to Potential Violation of the PRA
Annual Number of Responses	35,000	29,000	6,000
Annual Time Burden (Hours)	17,500	17,499	1
Annual Cost Burden (Dollars)	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The figures presented reflect current loan volumes.

Annual Cost to Federal Government: $2,449,300

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

Agency Contact: Danny Green 202 421-1354 [email protected]

Common Form ICR: No