Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan

Forms and Documents

Document Name	Status
Form VA Form 26-6381 Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan Form	Modified
8893.pdf Supplementary Document	2009-05-07
2900-0110 justification.DOC Supporting Statement A	2009-05-06

IC Document Collections

IC ID	Document Title	Status
28299	Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan Form	Modified

ICR Details

OMB Control No: 2900-0110	ICR Reference No: 200901-2900-005
Status: Historical Active	Previous ICR Reference No: 200605-2900-001
Agency/Subagency: VA	Agency Tracking No: 2900-0110
Title: Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan
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: 06/30/2009
	Date Received in OIRA: 05/12/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2012	36 Months From Approved	07/31/2009
Responses	250	0	3,000
Time Burden (Hours)	42	0	500
Cost Burden (Dollars)	0	0	0

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Abstract: Application required by 38 U.S.C. 3713(a), 3714 and 3702(b)(2) for determinations necessary for release of liability and substitution of entitlement of veteran-sellers to the government on GI and direct loans. Information enables Loan Service Representatives to be able to process the veteran's request and make a final determination of approval or disapproval.

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Authorizing Statute(s): US Code: 38 USC 3714 Name of Law: Assumptions; Release From Liability
   US Code: 38 USC 3713 Name of Law: Release From Liability Under Guaranty
   US Code: 38 USC 3702 Name of Law: Basic Entitlement
  

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:
	74 FR 20	02/02/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 77	04/23/2009
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
Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan	VA Form 26-6381	Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan

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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	250	3,000	0	0	-2,750	0
Annual Time Burden (Hours)	42	500	0	0	-458	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: The decrease in burden is an adjustment. The decrease represents a decrease in the number of release of liability and substitution of entitlement cases processed by VA Regional Loan Centers due to new regulations that authorize loan holders or servicers to process almost all ownership transfer requests.

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Annual Cost to Federal Government: $1,108

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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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: 05/12/2009

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