[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5434-5435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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 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: Maribel Aponte, Office of Enterprise 
and Integration, Data Governance Analytics (008), 1717 H Street NW, 
Washington, DC 20006, (202) 266-4688 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: 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