[Federal Register Volume 87, Number 94 (Monday, May 16, 2022)]
[Notices]
[Page 29786]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-10431]


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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: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration, 
Department of Veterans Affairs, will submit the collection of 
information abstracted below to the Office of Management and Budget 
(OMB) for review and comment. The PRA submission describes the nature 
of the information collection and its expected cost and burden and it 
includes the actual data collection instrument.

DATES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to 
``OMB Control No. 2900-0523''.

FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise 
and Integration, Data Governance Analytics (008), 1717 H Street NW, 
Washington, DC 20006, (202) 266-4688 or email [email protected]. 
Please refer to ``OMB Control No. 2900-0523'' in any correspondence.

SUPPLEMENTARY INFORMATION: 
    Authority: 44 U.S.C. 3501-21.
    Title: Loan Analysis, VA Form 26-6393.
    OMB Control Number: 2900-0523.
    Type of Review: Extension with change of a currently approved 
collection.
    Abstract: VA 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published at insert citation date: Example: 87 FR 13046 
on 15, 2016, March 8, 2022 page 13046.
    Affected Public: Individuals and households.
    Estimated Annual Burden: 280,000 hours.
    Estimated Average Burden per Respondent: 30 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 560,000.

    By direction of the Secretary.
Dorothy Glasgow,
VA PRA Clearance Officer, (Alt) Office of Enterprise and Integration/
Data Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2022-10431 Filed 5-13-22; 8:45 am]
BILLING CODE 8320-01-P