Offer to Purchase and Contract of Sale(26-6705), Credit Statement of Prospective Purchaser(26-6705b), Addendum to VA Form 26-6705(Virginia)(26-6705d)

Forms and Documents

Document Name	Status
Form 26-6705b Offer to Purchase and Contract of Sale, Credit Statement of Prospective Purchaser, Addendum to VA Form 26-6705 (Virginia) Form	Modified
30-Day Federal Register Notice.pdf Supplementary Document	2020-09-28
SUPPORTING STATEMENT 2900-0029 VAF 26-6705 - 6705B-D v2.docx Supporting Statement A	2020-06-29
60-day Federal Register Notice.pdf Supplementary Document	2020-06-29

IC Document Collections

IC ID	Document Title	Status
28131	Offer to Purchase and Contract of Sale, Credit Statement of Prospective Purchaser, Addendum to VA Form 26-6705 (Virginia) Form	Modified

ICR Details

OMB Control No: 2900-0029	ICR Reference No: 202004-2900-005
Status: Received in OIRA	Previous ICR Reference No: 201708-2900-017
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-MS
Title: Offer to Purchase and Contract of Sale(26-6705), Credit Statement of Prospective Purchaser(26-6705b), Addendum to VA Form 26-6705(Virginia)(26-6705d)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 09/28/2020

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2021
Responses	53,500	53,500
Time Burden (Hours)	17,458	17,458
Cost Burden (Dollars)	0	0

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Abstract: VA Form 26-6705 serves as an offer to purchase and contract of sale for the offerors submitting purchase to VA on properties acquired through operation of the guaranteed and direct loan programs. VA Form 26-6705b is used to collect credit and income information necessary to determine whether an applicant qualifies to purchase a VA-owned property. VA Form 26-6705d is an addendum to VA Form 26-6705, used in the State of Virginia.

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Authorizing Statute(s): US Code: 38 USC 3720(a)(5) and (6) Name of Law: Powers of the Secretary
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 23438	04/27/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 40737	07/07/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Offer to Purchase and Contract of Sale, Credit Statement of Prospective Purchaser, Addendum to VA Form 26-6705 (Virginia)	26-6705b, 26-6705d, 26-6705	Credit Statement of Prospective Purchaser ,   Addendum to Offer to Purchase and Contract of Sale ,   Offer to Purchase and Contract of Sale

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ICR Summary of Burden

	Total Request	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	53,500	53,500	0	0	0	0
Annual Time Burden (Hours)	17,458	17,458	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $867,538

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/28/2020

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