source:
  type: regulation
  id: va-38cfr-36.4313
  authority: 38 CFR §36.4313 — Charges and fees
  description: '38 CFR §36.4313 limits the charges and fees that may be imposed on a

    veteran-borrower in connection with a VA-guaranteed or insured loan,

    requires lender certification of compliance, sets a closed schedule of

    permissible borrower-paid items, caps lender-origination charges

    (flat-1%-or-itemized), governs discount points, prescribes the VA

    funding-fee schedule, and sets a 15-day funding-fee remittance

    deadline (with 4% late fee plus interest beyond 30 days) payable

    electronically via ACH.

    '
obligations:
- id: va-38cfr-36.4313-a
  canonical_id: va-38cfr-36.4313-a
  section: 38 CFR §36.4313(a)
  description: '(a): (a) No charge shall be made against, or paid by, the borrower incident to the making
    of a guaranteed or insured loan other than those expressly permitted under paragraph (d) or (e) of
    this section, and no loan shall be guaranteed or insured unless the lender certifies to the Secretary
    that it has no…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(a) No charge shall be made against, or paid by, the borrower incident to the making
      of a guaranteed or insured loan other than those expressly permitted under paragraph (d) or (e)
      of this section, and no loan shall be guaranteed or insured unless the lender certifies to the Secretary
      that it has not imposed and will not impose any charges or fees against the borrower in excess of
      those permissible under paragraph (d) or (e) of this section. Any charge which is proper to make
      against the borrower under the provisions of this paragraph may be paid out of the proceeds of the
      loan: Provided, That if the purpose of the loan is to finance the purchase or construction of residential
      property the costs of closing the loan including the pro rata portion of the ground rents, hazard
      insurance premiums, current year''s taxes, and other prepaid items normally involved in financing
      such transaction may not be included in the loan .'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-b
  canonical_id: va-38cfr-36.4313-b
  section: 38 CFR §36.4313(b)
  description: '(b): (b) Except as provided in this subpart, no brokerage or service charge or their equivalent
    may be charged against the debtor or the proceeds of the loan either initially, periodically, or otherwise.'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: (b) Except as provided in this subpart, no brokerage or service charge or their equivalent
      may be charged against the debtor or the proceeds of the loan either initially, periodically, or
      otherwise.
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-c
  canonical_id: va-38cfr-36.4313-c
  section: 38 CFR §36.4313(c)
  description: '(c): (c) Brokerage or other charges shall not be made against the veteran for obtaining
    any guaranty or insurance under 38 U.S.C. chapter 37 , nor shall any premiums for insurance on the
    life of the borrower be paid out of the proceeds of a loan .'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: (c) Brokerage or other charges shall not be made against the veteran for obtaining
      any guaranty or insurance under 38 U.S.C. chapter 37 , nor shall any premiums for insurance on the
      life of the borrower be paid out of the proceeds of a loan .
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-d
  canonical_id: va-38cfr-36.4313-d
  section: 38 CFR §36.4313(d)
  description: '(d): (d) The following schedule of permissible fees and charges shall be applicable to
    all Department of Veterans Affairs guaranteed or insured loans. (1) The veteran may pay reasonable
    and customary amounts for any of the following items:'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(d) The following schedule of permissible fees and charges shall be applicable to
      all Department of Veterans Affairs guaranteed or insured loans. (1) The veteran may pay reasonable
      and customary amounts for any of the following items:'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-i
  canonical_id: va-38cfr-36.4313-i
  section: 38 CFR §36.4313(i)
  description: '(i): (i) Fees of Department of Veterans Affairs appraiser and of compliance inspectors
    designated by the Department of Veterans Affairs except appraisal fees incurred for the predetermination
    of reasonable value requested by others than veteran or lender . (ii) Recording fees and recording
    taxes or other…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: (i) Fees of Department of Veterans Affairs appraiser and of compliance inspectors
      designated by the Department of Veterans Affairs except appraisal fees incurred for the predetermination
      of reasonable value requested by others than veteran or lender . (ii) Recording fees and recording
      taxes or other charges incident to recordation. (iii) Credit report. (iv) That portion of taxes,
      assessments, and other similar items for the current year chargeable to the borrower and an initial
      deposit (lump-sum payment) for the tax and insurance account .
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-v
  canonical_id: va-38cfr-36.4313-v
  section: 38 CFR §36.4313(v)
  description: '(v): (v) Hazard insurance required by § 36.4329 . (vi) Survey, if required by lender or
    veteran; except that any charge for a survey in connection with a loan under §§ 36.4360 through 36.4365
    (Condominium Loans) must have the prior approval of the Secretary . (vii) Title examination and title
    insurance ,…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(v) Hazard insurance required by § 36.4329 . (vi) Survey, if required by lender
      or veteran; except that any charge for a survey in connection with a loan under §§ 36.4360 through
      36.4365 (Condominium Loans) must have the prior approval of the Secretary . (vii) Title examination
      and title insurance , if any. (viii) The actual amount charged for flood zone determinations, including
      a charge for a life-of-the-loan flood zone determination service purchased at the time of loan origination,
      if made by a third party who guarantees the accuracy of the determination. A fee may not be charged
      for a flood zone determination made by a Department of Veterans Affairs appraiser or for the lender
      ''s own determination. (ix) Such other items as may be authorized in advance by the Under Secretary
      for Benefits as appropriate for inclusion under this paragraph (d) as proper local variances. (2)
      A lender may charge and the veteran may pay a flat charge not exceeding 1 percent of the amount
      of the loan , provided that such flat charge shall be in lieu of all other charges relating to costs
      of origination not expressly specified and allowed in this schedule. (3) In cases where a lender
      makes advances to a veteran during the progress of construction, alteration, improvement , or repair,
      either under a commitment of the Department of Veterans Affairs to issue a guaranty certificate
      or insurance credit upon completion, or where the lender would be entitled to guaranty or insurance
      on such advances when reported under automatic procedure, the lender may make a charge against the
      veteran of not exceeding 2 percent of the amount of the loan for its services in supervising the
      making of advances and the progress of construction notwithstanding that the “holdback” or final
      advance is not actually paid out until after the construction, alteration, improvement , or repair
      is fully completed: Provided, That the major portion (51 percent or more) of the loan proceeds is
      paid out during the actual progress of the construction, alteration, improvement , or repair. Such
      charge may be in addition to the 1 percent charge allowed under paragraph (d)(2) of this section.
      (4) In consideration, alteration, improvement or repair loans , including supplemental loans made
      pursuant to § 36.4359 , where no charge is permissible under the provisions of paragraph (d)(3)
      of this section the lender may charge and the veteran may pay a flat sum not exceeding 1 percent
      of the amount of the loan . Such charge may be in addition to the 1 percent allowed under paragraph
      (d)(2) of this section. (5) The fees and charges permitted under this paragraph are maximums and
      are not intended to preclude a lender from making alternative charges against the veteran which
      are not specifically authorized in the schedule provided the imposition of such alternative charges
      would not result in an aggregate charge or payment in excess of the prescribed maximum. (6) The
      veteran borrower subject to the limitations set forth in paragraphs (d)(6) and (7) of this section
      may pay a discount required by a lender when the proceeds of the loan will be used for any of the
      following purposes:'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-i
  canonical_id: va-38cfr-36.4313-i
  section: 38 CFR §36.4313(i)
  description: '(i): (i) To refinance existing indebtedness pursuant to 38 U.S.C. 3710(a)(5) , (a)(8),
    (a)(9)(B)(i) or (a)(9)(B)(ii); (ii) To repair, alter or improve a dwelling owned by the veteran pursuant
    to 38 U.S.C. 3710(a)(4) or (7) if such loan is to be secured by a first lien ; (iii) To construct
    a dwelling or f…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(i) To refinance existing indebtedness pursuant to 38 U.S.C. 3710(a)(5) , (a)(8),
      (a)(9)(B)(i) or (a)(9)(B)(ii); (ii) To repair, alter or improve a dwelling owned by the veteran
      pursuant to 38 U.S.C. 3710(a)(4) or (7) if such loan is to be secured by a first lien ; (iii) To
      construct a dwelling or farm residence on land already owned or to be acquired by the veteran, provided
      that the veteran did not or will not acquire the land directly or indirectly from a builder or developer
      who will be constructing such dwelling or farm residence ; (iv) To purchase a dwelling from a class
      of sellers which the Secretary determines are legally precluded under all circumstances from paying
      such a discount if the best interest of the veteran would be so served. (7) Discounts shall be computed
      as follows:'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-i
  canonical_id: va-38cfr-36.4313-i
  section: 38 CFR §36.4313(i)
  description: '(i): (i) Unless otherwise approved by the Secretary , the discount, if any, to be paid
    by the borrower on a loan secured by a first lien may not exceed the difference between the bid price,
    rounded to the lower whole number, and par value for GNMA (Government National Mortgage Association)
    90-day forward…'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(i) Unless otherwise approved by the Secretary , the discount, if any, to be paid
      by the borrower on a loan secured by a first lien may not exceed the difference between the bid
      price, rounded to the lower whole number, and par value for GNMA (Government National Mortgage Association)
      90-day forward bid closing price for pass through securities 1/2 percent less than the face note
      rate of the loan . Unless the lender and borrower negotiate a firm written commitment for a maximum
      amount of discount to be paid, the bid price to be used in the computation must be the GNMA 90-day
      forward bid closing quote for any day 1 to 4 business days prior to loan closing. “Loan closing”
      is defined for this purpose as the date on which the borrower''s 3-day right of rescission commences
      pursuant to the Truth in Lending Act . If the lender and borrower choose to negotiate a firm discount
      commitment for a maximum amount of discount to be paid, the bid price to be used in establishing
      the maximum discount must be the closing quote for the business day prior to the date of the commitment.
      Lenders negotiating firm commitments must close that loan at a discount no higher than the firm
      commitment regardless of changes in the maximum allowable Department of Veterans Affairs interest
      rate. If a lender ''s commitment expires prior to loan closing, the lender and borrower may negotiate
      a new firm commitment based on the procedure outlined in this paragraph (d)(7)(i) or may use the
      procedure for determining the discount based on the GNMA 90-day forward bid closing quote for any
      day 1 to 4 business days prior to loan closing. (ii) The borrower, subject to the limitations set
      forth in paragraphs (d)(6) and (7) of this section, may pay a discount required by the lender when
      the proceeds of the loan will be used to repair, alter, or improve a dwelling owned by the veteran
      pursuant to 38 U.S.C. 3710(a)(4) or (7) if such loan is unsecured or secured by less than a first
      lien . No such discount may be charged unless: (A) The loan is submitted to the Secretary for prior
      approval; (B) The dollar amount of the discount is disclosed to the Secretary and the veteran prior
      to the issuance by the Secretary of the certificate of commitment. Said certificate of commitment
      shall specify the discount to be paid by the veteran, and this discount may not be increased once
      the commitment is issued without the approval of the Secretary ; and (C) The discount has been determined
      by the Secretary to be reasonable in amount. (iii) A veteran may pay the discount on an acquisition
      and improvement loan (as defined in § 36.4301 ) provided: (A) The veteran pays no discount on the
      acquisition portion of the loan except in accordance with paragraph (d)(6)(iv) of this section;
      and (B) The discount paid on the improvements portion of the loan does not exceed the percentage
      of discount paid on the acquisition portion of the loan . Note to paragraph ( d )(7)( iii ): Acquisition
      and improvement loans may be closed either on the automatic or prior approval basis. (iv) Unless
      the Under Secretary for Benefits otherwise directs, all powers of the Secretary under paragraphs
      (d)(6) and (7) of this section are hereby delegated to the officials designated by § 36.4345(b)
      . (Authority: 38 U.S.C. 3703 , 3710 ; 42 U.S.C. 4001 note, 4012a) (8) On any loan to which 38 U.S.C.
      3714 applies, the holder may charge a reasonable fee, not to exceed the lesser of $300 and the actual
      cost of any credit report required, or any maximum prescribed by applicable State law, for processing
      an application for assumption and changing its records. (Authority: 38 U.S.C. 3714 )'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-e
  canonical_id: va-38cfr-36.4313-e
  section: 38 CFR §36.4313(e)
  description: '(e): (e) Subject to the limitations set out in paragraph (e)(4) of this section, a fee
    must be paid to the Secretary . (1) The fee on loans to veterans shall be as follows:'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(e) Subject to the limitations set out in paragraph (e)(4) of this section, a fee
      must be paid to the Secretary . (1) The fee on loans to veterans shall be as follows:'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-i
  canonical_id: va-38cfr-36.4313-i
  section: 38 CFR §36.4313(i)
  description: '(i): (i) On all interest rate reduction refinancing loans guaranteed under 38 U.S.C. 3710(a)(8)
    , (a)(9)(B)(i), and (a)(11), the fee shall be 0.50 percent of the total loan amount. (ii) On all refinancing
    loans other than those described in paragraph (e)(1)(i) of this section, the funding fee shall be
    2.…'
  type: do
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: (i) On all interest rate reduction refinancing loans guaranteed under 38 U.S.C. 3710(a)(8)
      , (a)(9)(B)(i), and (a)(11), the fee shall be 0.50 percent of the total loan amount. (ii) On all
      refinancing loans other than those described in paragraph (e)(1)(i) of this section, the funding
      fee shall be 2.75 percent of the loan amount for loans to veterans whose entitlement is based on
      service in the Selected Reserve under the provisions of 38 U.S.C. 3701(b)(5) , and 2 percent of
      the loan amount for loans to all other veterans; provided, however, that if the veteran is using
      entitlement for a second or subsequent time, the fee shall be 3 percent of the loan amount. (iii)
      Except for loans to veterans whose entitlement is based on service in the Selected Reserve under
      the provisions of 38 U.S.C. 3701(b)(5) , the funding fee shall be 2 percent of the total loan amount
      for all loans for the purchase or construction of a home on which the veteran does not make a down
      payment, unless the veteran is using entitlement for a second or subsequent time, in which case
      the fee shall be 3 percent. On purchase or construction loans on which the veteran makes a down
      payment of 5 percent or more, but less than 10 percent, the amount of the funding fee shall be 1.50
      percent of the total loan amount. On purchase or construction loans on which the veteran makes a
      down payment of 10 percent or more, the amount of the funding fee shall be 1.25 percent of the total
      loan amount. (iv) On loans to veterans whose entitlement is based on service in the Selected Reserve
      under the provisions of 38 U.S.C. 3701(b)(5) , the funding fee shall be 2.75 percent of the total
      loan amount on loans for the purchase or construction of a home on which the veteran does not make
      a down payment, unless the veteran is using entitlement for a second or subsequent time, in which
      case the fee shall be 3 percent. On purchase or construction loans on which veterans whose entitlement
      is based on service in the Selected Reserve make a down payment of 5 percent or more, but less than
      10 percent, the amount of the funding fee shall be 2.25 percent of the total loan amount. On purchase
      or construction loans on which such veterans make a down payment of 10 percent or more, the amount
      of the funding fee shall be 2 percent of the total loan amount.
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
- id: va-38cfr-36.4313-v
  canonical_id: va-38cfr-36.4313-v
  section: 38 CFR §36.4313(v)
  description: '(v): (v) All or part of the fee may be paid in cash at loan closing or all or part of
    the fee may be included in the loan without regard to the reasonable value of the property or the
    computed maximum loan amount, as appropriate. In computing the fee, the lender will disregard any
    amount included in the …'
  type: dont
  tags:
  - regulator-direct
  - section-complete
  - cfpb-regulation
  primary_source:
    tier: 1
    authority: 38 CFR §36.4313(a)
    source_class: va-regulation
    source_url: https://www.law.cornell.edu/cfr/text/38/36.4313
    snapshot_id: 8c78f24688b412f1
    fetched_at: '2026-05-24T19:34:33Z'
    content_hash: sha256:f6f166c414020d61b59fffc6863d23cefea731cb8507939949ea539924f73488
    paragraph_quote: '(v) All or part of the fee may be paid in cash at loan closing or all or part of
      the fee may be included in the loan without regard to the reasonable value of the property or the
      computed maximum loan amount, as appropriate. In computing the fee, the lender will disregard any
      amount included in the loan to enable the borrower to pay such fee. (Authority: 38 U.S.C. 3729 )
      (2) Subject to the limitations set out in this section, a fee of one-half of one percent of the
      loan balance must be paid to the Secretary in a manner prescribed by the Secretary by a person assuming
      a loan to which 38 U.S.C. 3714 applies. The instrument securing such a loan shall contain a provision
      describing the right of the holder to collect this fee as trustee for the Department of Veterans
      Affairs . The loan holder shall list the amount of this fee in every assumption statement provided
      and include a notice that the fee must be paid to the holder immediately following loan settlement.
      The fee must be transmitted to the Secretary within 15 days of the receipt by the holder of the
      notice of transfer. (Authority: 38 U.S.C. 3714 , 3729 ) (3) The lender is required to pay to the
      Secretary the fee described in paragraph (e)(1) of this section within 15 days after loan closing.
      Any lender closing a loan , subject to the limitations set out in paragraph (e)(4) of this section
      who fails to submit timely payment of this fee will be subject to a late charge equal to 4 percent
      of the total fee due. If payment of the fee described in paragraph (e)(1) of this section is made
      more than 30 days after loan closing, interest will be assessed at a rate set in conformity with
      the Department of Treasury''s Fiscal Requirements Manual. This interest charge is in addition to
      the 4 percent late charge, but the late charge is not included in the amount on which interest is
      computed. This interest charge is to be calculated on a daily basis beginning on the date of closing,
      although the interest will be assessed only on funding fee payments received more than 30 days after
      closing. (4) The lender is required to pay to the Secretary electronically through the Automated
      Clearing House (ACH) system the fees described in paragraphs (e)(1) and (e)(2) of this section and
      any late fees and interest due on them. This shall be paid to a collection agent by operator-assisted
      telephone, terminal entry, or CPU-to-CPU transmission. The collection agent will be identified by
      the Secretary . The lender shall provide the collection agent with the following: authorization
      for payment of the funding fee (including late fees and interest) along with the following information:
      VA lender ID number; four-digit personal identification number; dollar amount of debit; VA loan
      number; OJ (office of jurisdiction) code; closing date; loan amount; information about whether the
      payment includes a shortage, late charge, or interest; veteran name; loan type; sale amount; down
      payment; whether the veteran is a reservist; and whether this is a subsequent use of entitlement.
      For all transactions received prior to 8:15 p.m. on a workday, VA will be credited with the amount
      paid to the collection agent at the opening of business the next banking day. (Authority: 38 U.S.C.
      3729(a) ) (5) The fees described in paragraph (e)(1) and (e)(2) of this section shall not be collected
      from a veteran who is receiving compensation (or who but for the receipt of retirement pay would
      be entitled to receive compensation) or from a surviving spouse described in section 3701(b) of
      title 38, United States Code. (The Office of Management and Budget has approved the information
      collection requirements in this section under control numbers 2900-0474 and 2900-0516) (Authority:
      38 U.S.C. 3729 ) [ 73 FR 6310 , Feb. 1, 2008. Redesignated at 75 FR 33705 , June 15, 2010, as amended
      at 75 FR 65238 , Oct. 22, 2010] Truth in Lending Act CFR Toolbox Law about... Articles from Wex
      Table of Popular Names Parallel Table of Authorities Accessibility About LII Contact us Advertise
      here Help Terms of use Privacy'
    drafter_attestation: Verbatim subsection of 38 CFR §36.4313 from Cornell LII snapshot 8c78f24688b412f1;
      body isolated between nav and notes; substring-verified.
  judgment: false
