VA Request for Determination of Reasonable Value (VA Forms 26-1805 & 26-1805-1)

Forms and Documents

Document Name	Status
Form VA Form 26-1805 VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1) Form	Removed
Form 26-1805-1 REQUEST FOR DETERMINATION OF REASONABLE VALUE (Real Estate) Form and Instruction	New
2021-21507.pdf Supplementary Document	2021-11-04
Supporting Statement - VA 26-1805 & 1805-1 (2900-0045) v19.docx Supporting Statement A	2021-09-27
Published 60-day.pdf Supplementary Document	2021-09-27

IC Document Collections

IC ID	Document Title	Status
28166	VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1) Form	Removed
248484	REQUEST FOR DETERMINATION OF REASONABLE VALUE (Real Estate) Form and Instruction	New

ICR Details

OMB Control No: 2900-0045	ICR Reference No: 202107-2900-007
Status: Received in OIRA	Previous ICR Reference No: 202002-2900-009
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: VA Request for Determination of Reasonable Value (VA Forms 26-1805 & 26-1805-1)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 11/16/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	10/31/2023
Responses	650,000	257,000
Time Burden (Hours)	585,000	51,400
Cost Burden (Dollars)	0	1,233,600

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Abstract: VA is required by 38 U.S.C. 3710(b)(5) to determine the reasonable value of properties proposed as security for guaranteed or direct home loans authorized by 38 U.S.C. 3710 or 3711, and to require minimum property standards pursuant to 38 U.S.C. 3704(a). The request provides information to permit assignment of appraisal and inspection of the property for these purposes.

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Authorizing Statute(s): US Code: 38 USC 3731(c) Name of Law: Appraisals
   US Code: 38 USC 3710(b) (4)(5)(6) Name of Law: Purchase or construction of homes
   US Code: 38 USC 3711 Name of Law: Direct loans to veterans
  

Citations for New Statutory Requirements: US Code: 38 USC 3731 (c)

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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:
	86 FR 40679	07/28/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 21507	10/04/2021
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
REQUEST FOR DETERMINATION OF REASONABLE VALUE (Real Estate)	VA Form 26-1805, VA Form 26-1805-1, 26-1805-1	REQUEST FOR DETERMINATION OF REASONABLE VALUE (Real Estate) ,   Request for Determination of Reasonable Value (Real Estate) ,   Request for Determination of Reasonable Value (Real Estate)
VA Request for Determination of Reasonable Value (26-1805 & 26-1805-1)	VA Form 26-1805, VA Form 26-1805-1	Request for Determination of Reasonable Value (Real Estate) ,   Request for Determination of Reasonable Value (Real Estate)

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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	650,000	257,000	650,000	0	-257,000	0
Annual Time Burden (Hours)	585,000	51,400	585,000	0	-51,400	0
Annual Cost Burden (Dollars)	0	1,233,600	0	0	-1,233,600	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: VA LGY’s loan volume has increased substantially since the last time this ICR was completed, which is one driver for why the burden hour changes have increased. However, VA has also streamlined the initial appraisal ordering process (Form 26-1805), which has resulted in the reduction of several fields in the form. Due to the automation, the estimated time to complete the Form 26-1805 has been reduced from 12 minutes to 6 minutes for the Loan Interviewees and Clerks only.

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Annual Cost to Federal Government: $1,373,937

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: 11/16/2021

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