Application for Cash Surrender or Policy Loan (VA Form 29-1546)

Forms and Documents

Document Name	Status
Form 29-1546 Application for Cash Surrender or Policy Loan (29-1546) Form	Modified
30-Day FRN - 2900-0012 (2021).pdf Supplementary Document	2021-11-26
Supporting Statement.docx Supporting Statement A	2021-11-24
Published 60-Day FRN.pdf Supplementary Document	2021-09-20

IC Document Collections

IC ID	Document Title	Status
28092	Application for Cash Surrender or Policy Loan (29-1546) Form	Modified

ICR Details

OMB Control No: 2900-0012	ICR Reference No: 202109-2900-005
Status: Received in OIRA	Previous ICR Reference No: 201710-2900-005
Agency/Subagency: VA	Agency Tracking No: VBA-INS-YA
Title: Application for Cash Surrender or Policy Loan (VA Form 29-1546)
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 11/26/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	29,636	0
Time Burden (Hours)	4,939	0
Cost Burden (Dollars)	0	0

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Abstract: The form is used by the insured to apply for a loan and/or cash surrender. The information requested on the form is authorized by law, 38 USC 1906, 1944, 38 CFR 6.115, 6.116, 6.117, 6.100, 6.101 and 8.28.

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Authorizing Statute(s): US Code: 38 USC 1906
   US Code: 38 USC 1944
  

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:
	86 FR 52298	09/20/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 67123	11/24/2021
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
Application for Cash Surrender or Policy Loan (29-1546)	29-1546	Application for Cash Surrender or Policy Loan

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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	29,636	0	0	0	0	29,636
Annual Time Burden (Hours)	4,939	0	0	0	0	4,939
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: $289,894

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: 11/26/2021

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