[Federal Register Volume 85, Number 29 (Wednesday, February 12, 2020)]
[Notices]
[Page 8101]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02785]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0474]


Agency Information Collection Activity: Create Payment Request 
for the VA Funding Fee Payment System

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: The Veterans Benefits Administration (VBA), 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 extension 
of a currently approved collection, and allow 60 days for public 
comment in response to the notice.

DATES:  Written comments and recommendations on the proposed collection 
of information should be received on or before April 13, 2020.

ADDRESSES: Submit written comments on the collection of information 
through Federal Docket Management System (FDMS) at www.Regulations.gov 
or to Nancy J. Kessinger, Veterans Benefits Administration (20M33), 
Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 
20420 or email to [email protected]. Please refer to ``OMB Control 
No. 2900-0474'' in any correspondence. During the comment period, 
comments may be viewed online through FDMS.

FOR FURTHER INFORMATION CONTACT: Danny S. Green, (202) 421-1354 or 
email [email protected]. Please refer to ``OMB Control No. 2900-
0474'' in any correspondence.

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.
    Authority: Public Law 104-13; 44 U.S.C. 3501-3521.
    Title: Create Payment Request for the VA Funding Fee Payment System 
(VA Form 26-8986).
    OMB Control Number: 2900-0474.
    Type of Review: Extension of a currently approved collection.
    Abstract: A funding fee must be paid to VA before a loan can be 
guaranteed. The funding fee is payable on all VA-guaranteed loans, 
i.e., Assumptions, Manufactured Housing, Refinances, and Real Estate 
purchase and construction loans. The funding fee is not required from 
veterans who are eligible purple heart recipients, veterans who are in 
receipt of compensation for service-connected disability, veterans in 
receipt of compensation for service-connected disability, or veterans 
who, but for receipt of retirement pay, would be entitled to receive 
compensation for their service-connected disability. Loans made to the 
unmarried surviving spouses of veterans (who have died in service or 
from service-connected disability) are exempted from payment of the 
funding fee, regardless of whether the spouse has his/her own 
eligibility, provided that the spouse has used his/her eligibility to 
obtain a VA-guaranteed loan. For a loan to be eligible for guaranty, 
lenders' must provide a copy of the Funding Fee Receipt or evidence the 
veteran is exempt from the requirement of paying the funding fee. The 
receipt is computer generated and mailed to the lender ID number 
address that was entered into an Automated Clearing House (ACH) 
service.
    Affected Public: Business or other for profit.
    Estimated Annual Burden: 13,334 hours.
    Estimated Average Burden per Respondent: 2 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 400,000.

    By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality, Performance and Risk, 
Department of Veterans Affairs.
[FR Doc. 2020-02785 Filed 2-11-20; 8:45 am]
 BILLING CODE 8320-01-P