[Federal Register Volume 66, Number 152 (Tuesday, August 7, 2001)]
[Notices]
[Page 41311]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19797]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0474]


Proposed Information Collection Activity: Proposed Collection; 
Comment Request

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 
reinstatement, without change, of a previously approved collection for 
which approval has expired, and allow 60 days for public comment in 
response to the notice. This notice solicits comments on information 
needed to exempt a veteran from paying funding fee.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before October 9, 2001.

ADDRESSES: Submit written comments on the collection of information to 
Nancy J. Kessinger, Veterans Benefits Administration (20S52), 
Department of Veterans Affairs, 810 Vermont Avenue, NW, Washington, DC 
20420 or e-mail [email protected]. Please refer to ``OMB Control No. 
2900-0474'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 273-7079 
or FAX (202) 275-5947.

SUPPLEMENTARY INFORMATION: Under the PRA of 1995 (Pub. L. 104-13; 44 
U.S.C., 3501 `` 3520), 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.
    Title: A Computer Generated Funding Fee Receipt (Formerly VA Forms 
26-8986 and 26-8986-1).
    OMB Control Number: 2900-0474.
    Type of Review: Reinstatement, without change, of a previously 
approved collection for which approval has expired.
    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 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 not used his/her eligibility 
to obtain a VA guaranteed loan. For a loan to be eligible for guaranty, 
Lender's 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 a Automated Clearing House service.
    Affected Public: Business or other for -profit, and Individuals or 
households.
    Estimated Annual Burden: 6,667 hours.
    Estimated Average Burden Per Respondent: 2 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 200,000.

    Dated: July 25, 2001.

    By direction of the Secretary.
Donald L. Neilson,
Director, Information Management Service.
[FR Doc. 01-19797 Filed 8-6-01; 8:45 am]
BILLING CODE 8320-01-P