Status of Loan Account - Foreclosure or Other Liquidation (VA Form 26-0971)

ICR 201512-2900-003

OMB: 2900-0851

Federal Form Document

IC Document Collections
ICR Details
2900-0851 201512-2900-003
Historical Active
VA VBA-LGY-YM
Status of Loan Account - Foreclosure or Other Liquidation (VA Form 26-0971)
New collection (Request for a new OMB Control Number)   No
Regular
Approved with change 04/06/2017
Retrieve Notice of Action (NOA) 10/28/2016
  Inventory as of this Action Requested Previously Approved
04/30/2020 36 Months From Approved
20 0 0
10 0 0
0 0 0

Under 38 CFR 36, the holder of a delinquent vendee account is legally entitled to repurchase of the loan by VA when the loan has been continuously in default for 3 months and the amount of the delinquency equals or exceeds the sum of 2 monthly installments. When requesting the repurchase of a loan, the holder uses VA Form 26-0971.

None
US Code: 44 USC 3501-21 Name of Law: PRA of 1995

Not associated with rulemaking

  81 FR 15149 03/21/2016
81 FR 54226 08/15/2016
No

1
IC Title Form No. Form Name
Status of Loan Account - Foreclosure or Other Liquidation (VA Form 26-0971) VA Form 26-0971 STATUS OF LOAN ACCOUNT - FORECLOSURE OR
OTHER LIQUIDATION

  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 20 0 0 20 0 0
Annual Time Burden (Hours) 10 0 0 10 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
The burden increase is due to this being a new form.

$272
No
No
No
No
No
Uncollected
Cynthia Harvey - Pryor 202 461-5870 cynthia.harvey-pryor@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.
10/28/2016


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