Status of Loan Account - Foreclosure or Other Liquidation

Forms and Documents

Document Name	Status
Form 26-567 Status of Loan Account - Foreclosure or Other Liquidation Form	Modified
SS for FL567.DOC Supporting Statement A	2008-01-08

IC Document Collections

IC ID	Document Title	Status
28346	Status of Loan Account - Foreclosure or Other Liquidation Form	Modified

ICR Details

OMB Control No: 2900-0130	ICR Reference No: 200709-2900-008
Status: Historical Active	Previous ICR Reference No: 200503-2900-007
Agency/Subagency: VA	Agency Tracking No: 2900-0130
Title: Status of Loan Account - Foreclosure or Other Liquidation
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/25/2008
	Date Received in OIRA: 01/08/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2011	36 Months From Approved	05/31/2008
Responses	30,000	0	40,000
Time Burden (Hours)	15,000	0	20,000
Cost Burden (Dollars)	0	0	0

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Abstract: This form letter is used by VA to secure information from holders regarding a loan to be foreclosed. The information is used to specify the amount, if any, to be bid at the foreclosure sale as required by 38 CFR 36.4283 and 36.4320.

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Authorizing Statute(s): US Code: 38 USC 3720 Name of Law: Powers of Secretary
   US Code: 38 USC 3732 Name of Law: Procedure on Default
  

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:
	72 FR 187	09/27/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 234	12/06/2007
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
Status of Loan Account - Foreclosure or Other Liquidation	26-567	Status of Loan Account - Foreclosure or Other Liquidation

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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	30,000	40,000	0	0	-10,000	0
Annual Time Burden (Hours)	15,000	20,000	0	0	-5,000	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: The decrease in burden hours is the result of fewer loans approaching foreclosure due to improved Foreclosure Avoidance Through Servicing (FATS)by VA Loan Service Representatives.

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Annual Cost to Federal Government: $121,450

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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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: 01/08/2008

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