Notice2023-01618
Agency Information Collection Activity: Create Payment Request for the VA Funding Fee
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 27, 2023
Issuing agencies
Veterans Affairs Department
Abstract
Veterans Benefits Administration, 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 revision of a currently approved collection, and allow 60 days for public comment in response to the notice.
Full Text
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<title>Federal Register, Volume 88 Issue 18 (Friday, January 27, 2023)</title>
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[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5434-5435]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01618]
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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
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: Veterans Benefits Administration, 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 revision 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 March 28, 2023.
ADDRESSES: Submit written comments on the collection of information
through Federal Docket Management System (FDMS) at <a href="http://www.Regulations.gov">www.Regulations.gov</a>
or to Nancy J. Kessinger, Veterans Benefits Administration (20M33),
Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC
20420 or email to <a href="/cdn-cgi/l/email-protection#88e6e9e6ebf1a6e3edfbfbe1e6efedfac8fee9a6efe7fe"><span class="__cf_email__" data-cfemail="f7999699948ed99c9284849e99909285b78196d9909881">[email protected]</span></a>. 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: Maribel Aponte, Office of Enterprise
and Integration, Data Governance Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266-4688 or email <a href="/cdn-cgi/l/email-protection#b3ded2c1dad1d6df9dd2c3dcddc7d6f3c5d29dd4dcc5"><span class="__cf_email__" data-cfemail="442925362d2621286a25342b2a30210432256a232b32">[email protected]</span></a>.
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: 38 U.S.C. 3729, 38 CFR 36.4232 and 36.4313.
Title: Create Payment Request for the VA Funding Fee (VA Form 26-
8986).
OMB Control Number: 2900-0474.
[[Page 5435]]
Type of Review: Revision of a currently approved collection.
Abstract: A funding fee must be paid to VA before a loan can be
guaranteed and evidence of guaranty issued. The funding fee is payable
on all VA-guaranteed loans (i.e., assumptions, manufactured housing,
refinances, and real estate purchase and construction loans). Lenders
are required to pay the funding fee in an internet-based application,
VA Funding Fee Payment System (FFPS), that permits lenders to pay the
funding fee online in order to obtain a VA loan guaranty. The
application calculates the appropriate fee, including any late fees and
interest that may be due. Lenders may also choose to pay the funding
fee via batch payment processing by uploading an XML file into FFPS.
Affected Public: Individuals and households.
Estimated Annual Burden: 26,400 hours.
Estimated Average Burden per Respondent: 2 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 800,000.
By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration/Data
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2023-01618 Filed 1-26-23; 8:45 am]
BILLING CODE 8320-01-P
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</html>Indexed from Federal Register on January 27, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.