[Federal Register Volume 66, Number 210 (Tuesday, October 30, 2001)]
[Notices]
[Pages 54801-54802]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27299]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0474]


Agency Information Collection Activities Under OMB Review

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995 
(44 U.S.C., 3501 et seq.), this notice announces that the Veterans 
Benefits Administration (VBA), Department of Veterans Affairs, has 
submitted the collection of information abstracted below to the Office 
of Management and Budget (OMB) for review and comment. The PRA 
submission describes the nature of the information collection and its 
expected cost and burden; it includes the actual data collection 
instrument.

DATES: Comments must be submitted on or before November 29, 2001.

FOR FURTHER INFORMATION OR A COPY OF THE SUBMISSION CONTACT: Denise 
McLamb, Information Management Service (045A4), Department of Veterans 
Affairs, 810 Vermont Avenue, NW., Washington, DC 20420, (202) 273-8030, 
FAX (202) 273-5981 or e-mail: [email protected]. Please refer 
to ``OMB Control No. 2900-0474.''

SUPPLEMENTARY INFORMATION:
    Title: A Computer Generated Funding Fee Receipt (formerly VA Form 
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 guaranteed loans, i.e., 
Assumptions, Manufactured Housing, Refinances, and Real Estate 
purchases and construction loans. The funding fee is not required from 
veterans in receipt of compensation for service connected disability. 
Loans made to the unmarried surviving spouses of veterans (who died in 
service or from a service connected disability) are exempt 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, 
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

[[Page 54802]]

mailed to the lender ID number address that was entered into a 
Automated Clearing House service.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published on August 7, 2001, at page 41311.
    Affected Public: Individuals or households and business or other 
for-profit.
    Estimated Annual Burden: 6,667 hours.
    Estimated Average Burden Per Respondent: 2 minutes.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 200,000.
    Send comments and recommendations concerning any aspect of the 
information collection to VA's Desk Officer, OMB Human Resources and 
Housing Branch, New Executive Office Building, Room 10235, Washington, 
DC 20503 (202) 395-7316. Please refer to ``OMB Control No. 2900-0474'' 
in any correspondence.

    Dated: October 10, 2001.
    By direction of the Secretary.
Barbara H. Epps,
Management Analyst, Information Management Service.
[FR Doc. 01-27299 Filed 10-29-01; 8:45 am]
BILLING CODE 8320-01-P