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

ICR 202002-2900-002

OMB: 2900-0851

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2020-05-05
Supplementary Document
2020-05-05
Supplementary Document
2020-02-13
IC Document Collections
ICR Details
2900-0851 202002-2900-002
Active 201512-2900-003
VA VBA-LGY-NK
Status of Loan Account - Foreclosure or Other Liquidation (VA Form 26-0971)
Reinstatement with change of a previously approved collection   No
Regular
Approved without change 10/09/2020
Retrieve Notice of Action (NOA) 06/12/2020
In the next revision, extension, or reinstatement request, VA shall modify "Your obligation to respond is required to in order to determine your eligibility for a Specially Adapted Housing grant" to "Your response is required in order to determine your eligibility for a Specially Adapted Housing grant."
  Inventory as of this Action Requested Previously Approved
10/31/2023 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

  85 FR 2786 02/12/2020
85 FR 9334 05/01/2020
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 0 0 20
Annual Time Burden (Hours) 10 0 0 0 0 10
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$699
No
    Yes
    Yes
No
No
No
No
Danny Green 202 421-1354 danny.green2@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.
06/12/2020


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