Loan Guaranty: Electronic Payment of Funding Fee

This document amends the VA loan guaranty regulations to require that all funding fees (including late fees and interest) for VA-guaranteed loans be paid electronically through the Automated Clearing House (ACH) program. The adoption of the ACH program will eliminate lost mail and eliminate data errors resulting from manual recording. Further accounting reconciliation will be reduced. In addition, banking costs will be reduced. This document also corrects a typographical error in the ``Allowable fees and charges: manufactured home unit'' section.