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:
2900-0045
ICR Reference No:
202107-2900-007
Status:
Historical Active
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
OIRA Conclusion Action:
Approved with change
Conclusion Date:
01/10/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/16/2021
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2025
36 Months From Approved
10/31/2023
Responses
650,000
0
257,000
Time Burden (Hours)
585,000
0
51,400
Cost Burden (Dollars)
0
0
1,233,600
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.
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)
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:
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
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 26-1805-1, 26-1805-1, VA Form 26-1805
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)
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
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.
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
Agency Contact:
Maribel Aponte 202 266-4688 maribel.aponte@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:
11/16/2021
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