View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 2900-0047	ICR Reference No: 201310-2900-016
Status: Historical Active	Previous ICR Reference No: 201101-2900-009
Agency/Subagency: VA	Agency Tracking No: 2900-0047 VBA-LGY-NK
Title: Financial Statement (VA Form 26-6807)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/20/2014
	Date Received in OIRA: 05/08/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2017	36 Months From Approved	07/31/2014
Responses	3,000	0	6,000
Time Burden (Hours)	2,250	0	4,500
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	3,000	6,000	-3,000
Annual Time Burden (Hours)	2,250	4,500	-2,250
Annual Cost Burden (Dollars)	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The reduction in burden is due to continued reduction in usage of the form. A factor in the reduction is historic low interest rates, that make loan assumptions, for which this form is primarily used not an attractive option. Since a person can obtain new credit at these low rates, it reduces the need to assume a loan to get a favorable interest rate.

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