Notice2025-08948
Agency Information Collection Activity: Loan Analysis
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
May 20, 2025
Issuing agencies
Veterans Affairs Department
Abstract
Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed revision of a currently approved collection, and allow 60 days for public comment in response to the notice.
Full Text
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<title>Federal Register, Volume 90 Issue 96 (Tuesday, May 20, 2025)</title>
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[Federal Register Volume 90, Number 96 (Tuesday, May 20, 2025)]
[Notices]
[Page 21549]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08948]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0523]
Agency Information Collection Activity: Loan Analysis
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: Veterans Benefits Administration, Department of Veterans
Affairs (VA), is announcing an opportunity for public comment on the
proposed collection of certain information by the agency. Under the
Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to
publish notice in the Federal Register concerning each proposed
collection of information, including each proposed revision of a
currently approved collection, and allow 60 days for public comment in
response to the notice.
DATES: Comments must be received on or before July 21, 2025.
ADDRESSES: Comments must be submitted through <a href="http://www.regulations.gov">www.regulations.gov</a>.
FOR FURTHER INFORMATION CONTACT: Program-Specific information Nancy
Kessinger, 202-632-8924 <a href="/cdn-cgi/l/email-protection#36785758554f7d5345455f5851534476405718515940"><span class="__cf_email__" data-cfemail="76381718150f3d1305051f1811130436001758111900">[email protected]</span></a>.
VA PRA information: Dorothy Glasgow, 202-461-1084, <a href="/cdn-cgi/l/email-protection#3f697e6f6d7e7f495e11585049"><span class="__cf_email__" data-cfemail="4016011012010036216e272f36">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must
obtain approval from the Office of Management and Budget (OMB) for each
collection of information they conduct or sponsor. This request for
comment is being made pursuant to section 3506(c)(2)(A) of the PRA.
With respect to the following collection of information, VBA
invites comments on: (1) whether the proposed collection of information
is necessary for the proper performance of VBA's functions, including
whether the information will have practical utility; (2) the accuracy
of VBA's estimate of the burden of the proposed collection of
information; (3) ways to enhance the quality, utility, and clarity of
the information to be collected; and (4) ways to minimize the burden of
the collection of information on respondents, including through the use
of automated collection techniques or the use of other forms of
information technology.
Title: Loan Analysis, VA FORM 26-6393.
OMB Control Number: 2900-0523. <a href="https://www.reginfo.gov/public/do/PRASearch">https://www.reginfo.gov/public/do/PRASearch</a>. (Once at this link, you can enter the OMB Control Number to
find the historical versions of this Information Collection).
Type of Review: Revision of a currently approved collection.
Abstract: TheVA Form 26-6393 is currently used by employees of both
lending institutions and VA to determine the ability of a borrower to
qualify for any type of VA-guaranteed loan authorized by 38 U.S.C.
3710(a). Lenders complete and submit the form to provide evidence that
the lender's decision to submit a prior approval loan application or
close a loan on the automatic basis is based upon appropriate
application of VA credit standards as required by 38 U.S.C. 3710(b) and
3710(g). Section 36.4340, 38 CFR, implements those underwriting
standards, which include evaluating income, expenses, and credit
history. This form specifically pertains to those standards evaluating
a borrower's present and anticipated income and expenses and credit
history.
Affected Public: Individuals and households.
Estimated Annual Burden: 210,000 hours.
Estimated Average Burden Per Respondent: 30 minutes.
Frequency of Response: One-time.
Estimated Number of Respondents: 420,000.
Authority: 44 U.S.C. 3501 et seq.
Shunda Willis,
Acting, VA PRA Clearance Officer, (Alt.) Office of Enterprise and
Integration/Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2025-08948 Filed 5-19-25; 8:45 am]
BILLING CODE 8320-01-P
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