VA statute requires lenders to report
a guaranteed or insured loan to VA in such detail as the Secretary
may prescribe. 38 U.S.C. 3702(c). In cases where the loan is
guaranteed, the Secretary shall provide the lender with a loan
guaranty certificate or other evidence of the guaranty. Regulations
codified at 38 CFR 36.4303 detail the requirements of lenders to
report loans to VA in order to obtain evidence of the
guaranty.
Although there appears to be an
increase in the ICR summary of burden table, there was a
miscalculation in the previous 2022 ICR submission. Please see Item
15 in the supporting statement for an explanation.
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:
(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;
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.