VA Renews Condo Project Information Requests From Lenders
Published Date: 10/27/2026
Notice
Summary
The VA wants to keep collecting info from lenders about condo projects to help veterans get home loans. They’re asking for public feedback by December 28, 2026, to make sure the process is clear and not too much work. This update won’t cost lenders extra but aims to keep things smooth and helpful for everyone involved.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
VA Continues Condo Project Reviews
The VA will collect information from lenders about condominium projects so VA can review projects and decide whether units are acceptable security for VA-guaranteed loans. This collection is a reinstatement with change of OMB Control Number 2900-0448 for that purpose.
Paperwork Burden Increased to 3,035 Hours
The reinstated information collection reports an estimated annual burden of 3,035 hours for 3,035 respondents, with an estimated average burden of 60 minutes per respondent and a one-time frequency. The notice states this is an increase from the previously reported 1 burden hour (previously approved: 2,100 responses and 1 burden hour).
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