View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
2900-0029
ICR Reference No:
202004-2900-005
Status:
Historical Active
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
OIRA Conclusion Action:
Approved without change
Conclusion Date:
01/19/2021
Retrieve Notice of Action (NOA)
Date Received in OIRA:
09/28/2020
Terms of Clearance:
In VA's next revision, extension, or reinstatement request, VA shall: 1. Modify statements in forms from "Your obligation to respond is required to obtain or retain benefits" to "Your response is required to obtain or retain benefits"; 2. Explain why VA's collection of race and ethnicity varies from the Uniform Residential Loan Application; 3. Explain the legal authority and rationale for statements restricting subsequent rental for owner-occupied rentals that are generally not covered by the Fair Housing Act; and 3. Consider and explain in VA's submission if respondents should differentiate stocks owned in retirement plans from those that are not, if relevant to VA underwriting.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2023
36 Months From Approved
01/31/2021
Responses
53,500
0
53,500
Time Burden (Hours)
17,458
0
17,458
Cost Burden (Dollars)
0
0
0
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.
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
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
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
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)
26-6705d, 26-6705b, 26-6705
Credit Statement of Prospective Purchaser
,
Addendum to Offer to Purchase and Contract of Sale
,
Offer to Purchase and Contract of Sale
ICR Summary of Burden
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
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:
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
Agency Contact:
Danny Green 202 421-1354 danny.green2@va.gov
Common Form ICR:
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:
(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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