VA Form 26-6807 is primarily completed
by purchasers assuming a veteran's home loan in release of
liability cases authorized by 38 U.S.C. 3714, and by
veteran-purchasers seeking substitution of entitlement by 38 U.S.C.
3702(b)(2). Data obtained permits credit underwriting
determinations for action in such cases.
The reduction in burden is due
to continued reduction in usage of the form. A factor in the
reduction is historic low interest rates, that make loan
assumptions, for which this form is primarily used not an
attractive option. Since a person can obtain new credit at these
low rates, it reduces the need to assume a loan to get a favorable
interest rate.
$20,430
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.