Request to Lender for Status of Loan Account - LCS

ICR 200706-2900-040

OMB: 2900-0251

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2007-08-21
Supporting Statement A
2007-07-16
IC Document Collections
IC ID
Document
Title
Status
28490 Modified
ICR Details
2900-0251 200706-2900-040
Historical Active 200511-2900-002
VA 2900-0251
Request to Lender for Status of Loan Account - LCS
Extension without change of a currently approved collection   No
Regular
Approved without change 08/22/2007
Retrieve Notice of Action (NOA) 07/16/2007
Approved consistent with the following terms of clearance: per VA memo OMB encourages VA to continue work on a system that will allow fully electronic submission of data associated with this collection.
  Inventory as of this Action Requested Previously Approved
08/31/2010 36 Months From Approved 08/31/2007
175,000 0 175,000
29,167 0 29,167
0 0 0

Status request to servicers of guaranteed or insured loans and vendee loans sold with VA repurchase agreement on loans previously reported in default. Servicers are required to report by 38 U.S.C. 3704(d) or 3720(a)(5) and (c), 38 CFR 36.4280, 36.4282, 36.4317, 36.4319 or 36.4600(c). Data is essential to VA contracts with obligors.

US Code: 38 USC 3704(d) Name of Law: Restrictions on loans
   US Code: 38 USC 3720(a)(5) Name of Law: Powers of Secretary
   US Code: 38 USC 3720(c) Name of Law: Powers of Secretary
  
None

Not associated with rulemaking

  72 FR 62 04/02/2007
72 FR 118 06/20/2007
No

1
IC Title Form No. Form Name
Request to Lender for Status of Loan Account - LCS 26-8778 Request to Lender for Status of Loan Account - LCS

  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 175,000 175,000 0 0 0 0
Annual Time Burden (Hours) 29,167 29,167 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$3,259,813
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Denise McLamb 202-565-8374 denise.mclamb@mail.va.gov

  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.
07/16/2007


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