[Federal Register Volume 69, Number 178 (Wednesday, September 15, 2004)]
[Notices]
[Pages 55663-55664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-20751]


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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 extension 
of a currently approved collection, and allow 60 days for public 
comment in response to the notice. This notice solicits comments on 
information needed to pay the necessary funding fee for VA guaranteed 
loans.

DATES: Written comments and recommendations on the proposed collection 
of information should be received on or before November 15, 2004.

ADDRESSES: Submit written comments on the collection of information to 
Nancy J. Kessinger, Veterans Benefits Administration (20M35), 
Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 
20420 or e-mail to: [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. 3501-3521), 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

[[Page 55664]]

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: Create Payment Request for the VA Funding Fee Payment System 
(VA FFPS) Computer Generated Funding Fee Receipt (Formerly VA Forms 26-
8986 and 26-8986-1).
    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 guaranteed loans but is 
not required from veterans in receipt of compensation for service 
connected disability. The VA Funding Fee Payment System (FFPS) permits 
lenders to pay the funding fee online. This application calculates the 
appropriate fee and lenders can usually print their receipts out in 24 
hours. The data entered into VA FFPS is necessary to ensure the right 
amount is calculated.
    Affected Public: Individuals or households and business or other 
for profit.
    Estimated Annual Burden: 14,167 hours.
    Estimated Average Burden Per Respondent: 2 minutes.
    Frequency of Response: One-time.
    Estimated Number of Respondents: 425,000.

    Dated: September 1, 2004.

    By direction of the Secretary.
Loise Russell,
Director, Records Management Service.
[FR Doc. 04-20751 Filed 9-14-04; 8:45 am]
BILLING CODE 8320-01-P