Loan Analysis

ICR 200909-2900-005

OMB: 2900-0523

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2009-12-09
IC Document Collections
IC ID
Document
Title
Status
28709 Modified
ICR Details
2900-0523 200909-2900-005
Historical Active 200701-2900-001
VA 2900-0523
Loan Analysis
Extension without change of a currently approved collection   No
Regular
Approved without change 02/01/2010
Retrieve Notice of Action (NOA) 12/09/2009
  Inventory as of this Action Requested Previously Approved
02/28/2013 36 Months From Approved 02/28/2010
200,000 0 125,000
50,000 0 62,500
0 0 0

The form is completed by employees of lending institutions to determine the veteran-borrower's ability to qualify for a VA guaranteed loan authorized by 38 U.S.C. 3710(a). VA reviews the form to verify the lender's adherence to VA credit standards.

US Code: 38 USC Section 3710(a), (b), and (g) Name of Law: Purchase or construction of homes
  
None

Not associated with rulemaking

  74 FR 187 09/29/2009
74 FR 235 12/09/2009
No

1
IC Title Form No. Form Name
Loan Analysis VA Form 26-6393 Loan Analysis

  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 200,000 125,000 0 0 75,000 0
Annual Time Burden (Hours) 50,000 62,500 0 0 -12,500 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden hours decrease based on our estimate of higher loan volume this year but a shorter response time. Due to low interest rates, loan volume is increasing. Low rates make refinancing attractive and also encourage persons wanting to purchase. The majority of lenders have automated loan origination systems which facilitate completion of the form.

$1,330,000
No
No
Uncollected
Uncollected
No
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.
12/09/2009


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