Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan (VA Form 26-6381)

Forms and Documents

Document Name	Status
Form VA Form 26-6381 Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan Form	Modified
2020-27513.pdf Supplementary Document	2021-01-11
SupportStatement(2900-0110).final v2.docx Supporting Statement A	2020-10-14
2020-22227.pdf Supplementary Document	2020-10-14

IC Document Collections

IC ID	Document Title	Status
28299	Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan Form	Modified

ICR Details

OMB Control No: 2900-0110	ICR Reference No: 202009-2900-004
Status: Received in OIRA	Previous ICR Reference No: 201711-2900-013
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-NK
Title: Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan (VA Form 26-6381)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 01/25/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	05/31/2021
Responses	250	250
Time Burden (Hours)	42	42
Cost Burden (Dollars)	0	0

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Abstract: VA Form 26-6381 is completed by Veterans who are selling their homes by assumption rather than requiring purchasers to obtain their own financing to pay off the loan. The data furnished on the form is essential to determinations for assumption approval, release of liability, and substitution of entitlement in accordance with 38 U.S.C. 3713(a) and 3714 and 3702(b)(2).

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Authorizing Statute(s): US Code: 38 USC 3702 Name of Law: Basic Entitlement
   US Code: 38 USC 3714 Name of Law: Assumptions; Release From Liability
   US Code: 38 USC 3713 Name of Law: Release From Liability Under Guaranty
  

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:
	85 FR 22227	10/08/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 27513	12/15/2020
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
Application For Assumption Approval and/or Release From Personal Liability To The Government On a Home Loan	VA Form 26-6381	Application for Assumption Approval and/or Release from Personal Liability to the Government on a Home Loan

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ICR Summary of Burden

	Total Request	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	250	250	0	0	0	0
Annual Time Burden (Hours)	42	42	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:

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Annual Cost to Federal Government: $1,662

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

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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: 01/25/2021

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