Loan Service Report

ICR 200708-2900-015

OMB: 2900-0249

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2007-08-27
IC Document Collections
IC ID
Document
Title
Status
28486 Modified
ICR Details
2900-0249 200708-2900-015
Historical Active 200407-2900-007
VA 2900-0249
Loan Service Report
Extension without change of a currently approved collection   No
Regular
Approved without change 10/04/2007
Retrieve Notice of Action (NOA) 08/28/2007
Approved consistent with VA's response to the prior terms of clearance addressing electronic transfer of information to the Department.
  Inventory as of this Action Requested Previously Approved
10/31/2010 36 Months From Approved 09/30/2007
15,000 0 40,000
6,250 0 16,667
0 0 0

The form is used by VA to service delinquent guaranteed and insured home loans and loans sold under 38 CFR 36.4600.

US Code: 38 USC 3732 Name of Law: Procedure on Default
  
None

Not associated with rulemaking

  72 FR 67 04/09/2007
72 FR 129 07/06/2007
No

1
IC Title Form No. Form Name
Loan Service Report VA Form 26-68608 Loan Service Report

  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 15,000 40,000 0 0 -25,000 0
Annual Time Burden (Hours) 6,250 16,667 0 0 -10,417 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The reduction in cases is due to two reasons. First, the new LS&C System allows the LSR to enter necessary information directly into the system during telephone interviews. Second, there are fewer defaults being reported to VA, thus fewer interviews are needed.

$179,850
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.
08/28/2007


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