Va Form 26 6381 – Fill Out and Use This PDF

OMB Control No. 2900-0110

Respondent Burden: 10 minutes

Expiration Date: 03/31/2024

APPLICATION FOR ASSUMPTION APPROVAL AND/OR RELEASE FROM

PERSONAL LIABILITY TO THE GOVERNMENT ON A HOME LOAN

INSTRUCTIONS: Please complete this form fully and accurately and return it to the office of the Department of Veterans Affairs (VA) shown below. Enclose

remittance (certified check or money order) payable to VA in the amount shown on the instruction letter which accompanied this form. (NOTE: Use of this form does not affect the seller's liability on a VA-guaranteed loan from a private lender.) See Section II for Privacy Act Information.

SECTION I (To be completed by VA)

SECTION II (To be completed by Seller)

Privacy Act Notice: VA will not disclose information collected on this form to any source other than what has been authorized under the Privacy Act of 1974 or Title 38, Code of Federal Regulations 1.576 for routine uses (i.e., providing information that is used in determining whether VA can approve a request for assumption approval and/or release of liability to the Government on a loan) as identified in the VA system of records, 55VA26, Loan Guaranty Home, Condominium and Manufactured Home Loan Applicant Records, Specially Adapted Housing Applicant Records and Vendee Loan Applicant Records - VA, published in the Federal Register. Your response is required to obtain or retain benefits. Giving us your SSN account information is voluntary. Refusal to provide your SSN by itself will not result in the denial of benefits. VA will not deny an individual benefits for refusing to provide his or her SSN unless the disclosure of the SSN is required by a Federal Statute of law in effect prior to January 1, 1975, and still in effect.

Respondent Burden: We need this information to help determine your qualifications for the desired benefit. Title 38, United States Code, allows us to ask for this information. We estimate that you will need an average of 10 minutes to review the instructions, find the information, and complete this form. VA cannot conduct or sponsor a collection of information unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control numbers can be located on the OMB Internet Page at http://www.reginfo.gov/public/do/PRAMain. If desired, you can call 1-800-827-1000 to get information on where to send comments or suggestions about this form.

5. INFORMATION ABOUT PURCHASER OR OWNER OF PROPERTY WHO WILL ASSUME YOUR LOAN

IMPORTANT - In order for VA to release you from liability, it will be necessary that your purchaser assume all of your liability to the Government, as well as to the loan holder, if this is other than VA. The instruction letter you received with this form indicates whether this liability may be assumed through a clause in the deed transferring the property to the purchaser. If not, or if you have already completed the sale of the property without a proper clause included in the deed, then it will be necessary that a separate "Agreement Creating Liability to Holder and to U.S." be executed by your purchaser. You must ensure that the purchaser is willing to assume your liability by a clause in the deed or by executing the agreement. This may be accomplished by a provision in your sales contract, or by other written assurance. Should your purchaser be willing to assume your liability, please call the VA office above for guidance on your available options. If you already completed the sale of your home and included a VA approved clause in the deed, attach to this form a copy of the deed showing the date and place it was recorded. Similarly, a copy of the agreement should be submitted if this has already been executed at the time of sale.