Loan Analysis

ICR 201209-2900-008

OMB: 2900-0523

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2013-01-17
IC Document Collections
IC ID
Document
Title
Status
28709 Modified
ICR Details
2900-0523 201209-2900-008
Historical Active 200909-2900-005
VA 2900-0523
Loan Analysis
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 05/14/2013
Retrieve Notice of Action (NOA) 03/05/2013
  Inventory as of this Action Requested Previously Approved
05/31/2016 36 Months From Approved
250,000 0 0
62,500 0 0
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

  77 FR 203 10/19/2012
78 FR 20 01/30/2013
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 250,000 0 0 0 50,000 200,000
Annual Time Burden (Hours) 62,500 0 0 0 12,500 50,000
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden hours increased based on an estimate of higher loan volume. Due to historically low interest rates, loan volume is increasing. A lower interest rate makes refinancing attractive and encourages new home loans.

$255,375
No
No
No
No
No
Uncollected
Crystal Rennie 202 632-7492 crystal.rennie@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.
03/05/2013


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