90 FR 96 pg. 21549 - Agency Information Collection Activity: Loan Analysis
Type: NOTICEVolume: 90Number: 96Page: 21549
Page: 21549Docket number: [OMB Control No. 2900-0523]
FR document: [FR Doc. 2025-08948 Filed 5-19-25; 8:45 am]
Agency: Veterans Affairs Department
Official PDF Version: PDF Version
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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.
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 www.regulations.gov.
FOR FURTHER INFORMATION CONTACT:
Program-Specific information Nancy Kessinger, 202-632-8924 NancyKessinger@va.gov.
VA PRA information: Dorothy Glasgow, 202-461-1084, VAPRA@va.gov.
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. https://www.reginfo.gov/public/do/PRASearch. (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