Request for Determination of Reasonable Value Real Estate (VA Forms 26-1805 & 26-1805-1)

Forms and Documents

Document Name	Status
Form 26-1805-1 Request For Determination of Reasonable Value (Real Estate) Form and Instruction	Modified
30-Day FRN - 2900-0045 (2024).pdf Supplementary Document	2024-12-17
60 DAY FRN 2900-0045 VAF 1805 &1805-1.pdf Supplementary Document	2024-10-10
2900-0045 Supporting Statement VA Form 26-1805 and 26-1805-1 final revised 121724.docx Supporting Statement A	2024-12-17

IC Document Collections

IC ID	Document Title	Status
248484	Request For Determination of Reasonable Value (Real Estate) Form and Instruction	Modified

ICR Details

OMB Control No: 2900-0045	ICR Reference No: 202407-2900-012
Status: Received in OIRA	Previous ICR Reference No: 202206-2900-014
Agency/Subagency: VA	Agency Tracking No: VBA-LGY-YA
Title: Request for Determination of Reasonable Value Real Estate (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	Date Submitted to OIRA: 12/18/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	01/31/2025
Responses	519,000	650,000
Time Burden (Hours)	467,100	585,000
Cost Burden (Dollars)	0	0

---

Abstract: VA Forms 26-1805 and 26-1805-1 are used by lenders to request an appraisal and assign an appraiser, this provides the appraiser the authority to be on the property to conduct the appraisal.

---

Authorizing Statute(s): US Code: 38 USC 3711 Name of Law: Direct loans to veterans
   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
  

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:
	89 FR 82304	10/10/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 102254	12/17/2024
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)	26-1805-1, 26-1805	REQUEST FOR DETERMINATION OF REASONABLE VALUE (Real Estate) ,   Request For Determination of Reasonable Value (Real Estate)

---

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	519,000	650,000	0	-650,000	519,000	0
Annual Time Burden (Hours)	467,100	585,000	0	-585,000	467,100	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: This ICR extension will continue to standardize communications and lender reviews around the LGY appraisal process, which will reduce the burden for lenders and appraisers that participate in LGY programs. Today, appraisal-related communications still do not occur in a standardized format. This ICR extension will continue to not only standardize these communications directly within the system, but will support development of LGY appraisal reporting and dashboards to improve lender and appraiser operations.

---

Annual Cost to Federal Government: $1,530,425

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

---

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: 12/18/2024

---