Loan Guaranty: Mandatory Electronic Delivery of Loan Files for Review, 64294 [2013-25418]

Download as PDF 64294 Federal Register / Vol. 78, No. 208 / Monday, October 28, 2013 / Notices FOR FURTHER INFORMATION CONTACT: FOR FURTHER INFORMATION CONTACT: Marisa Knispel at 1–888–912–1227 or 718–834–2203. Timothy Shepard at 1–888–912–1227 or 206–220–6095. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to Section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that a meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be held Wednesday, November 13, 2013, at 12 p.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Timothy Shepard. For more information please contact Mr. Shepard at 1–888– 912–1227 or 206–220–6095, or write TAP Office, 915 2nd Avenue, MS W– 406, Seattle, WA 98174, or contact us at the Web site: https://www.improveirs.org. The agenda will include a discussion on various letters, and other issues related to written communications from the IRS. Notice is hereby given pursuant to section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988) that an open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee will be held Wednesday, November 13, 2013 at 11:00 a.m. Eastern Time via teleconference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Ms. Knispel. For more information please contact Ms. Knispel at 1–888– 912–1227 or 718–834–2203, or write TAP Office, 2 Metro Tech Center, 100 Myrtle Avenue 7th Floor, Brooklyn, NY 11201, or contact us at the Web site: https://www.improveirs.org. The committee will be discussing various issues related to Tax Forms and Publications and public input is welcomed. SUPPLEMENTARY INFORMATION: Dated: October 21, 2013. Otis Simpson, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2013–25284 Filed 10–25–13; 8:45 am] Dated: October 21, 2013. Otis Simpson, Acting Director, Taxpayer Advocacy Panel. [FR Doc. 2013–25285 Filed 10–25–13; 8:45 am] BILLING CODE 4830–01–P BILLING CODE 4830–01–P DEPARTMENT OF VETERANS AFFAIRS DEPARTMENT OF THE TREASURY Loan Guaranty: Mandatory Electronic Delivery of Loan Files for Review Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee Department of Veterans Affairs. ACTION: Notice. AGENCY: Internal Revenue Service (IRS), Treasury. AGENCY: ACTION: Notice of meeting. An open meeting of the Taxpayer Advocacy Panel Notices and Correspondence Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service. SUMMARY: The meeting will be held Wednesday, November 13, 2013. wreier-aviles on DSK5TPTVN1PROD with NOTICES DATES: VerDate Mar<15>2010 14:52 Oct 25, 2013 Jkt 232001 The Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) announces a new policy with regard to lender submission of VAguaranteed closed loan files for review. Currently, lenders can submit loan files selected for review by LGY through either electronic upload or in hard copy form. Effective January 1, 2014, LGY will require the electronic uploading of all loan files, pursuant to 38 CFR 36.4333. DATES: Effective January 1, 2014, VA will require the electronic submission of all loan files. SUMMARY: PO 00000 Frm 00101 Fmt 4703 Sfmt 9990 John Bell III, Assistant Director for Loan Policy and Valuation, Department of Veterans Affairs, 810 Vermont Avenue NW., Washington, DC 20420, (202) 632– 8786 (This is not a toll-free number.). SUPPLEMENTARY INFORMATION: In accordance with 38 CFR 36.4333, VA announces the implementation of a new policy with regard to the submission of VA-guaranteed closed loan files to LGY for review. LGY on a monthly basis completes a full file review of randomly selected VA-guaranteed loans, and those with certain loan characteristics that closed during the prior month. The purpose of the review is to ensure that lenders participating in the Home Loan Guaranty program are complying with LGY regulations and policies. In May 2012, LGY began permitting lenders to submit their loan files selected for review either electronically or in hard copy form. Currently, lenders submit over 80 percent of all loan files for review electronically. To further take advantage of this technology and create a process for targeted reviews that will streamline the loan review process, LGY is implementing a new policy with regard to lender submission of loan files. This document announces that, effective January 1, 2014, LGY will require the electronic submission of all loan files selected for full file review. FOR FURTHER INFORMATION CONTACT: Signing Authority The Secretary of Veterans Affairs, or designee, approved this document and authorized the undersigned to sign and submit the document to the Office of the Federal Register for publication electronically as an official document of the Department of Veterans Affairs. Jose D. Riojas, Chief of Staff, Department of Veterans Affairs, approved this document on October 18, 2013, for publication. Dated: October 22, 2013. William F. Russo, Deputy Director, Regulation Policy and Management, Office of the General Counsel, Department of Veterans Affairs. [FR Doc. 2013–25418 Filed 10–25–13; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\28OCN1.SGM 28OCN1

Agencies

[Federal Register Volume 78, Number 208 (Monday, October 28, 2013)]
[Notices]
[Page 64294]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25418]


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DEPARTMENT OF VETERANS AFFAIRS


Loan Guaranty: Mandatory Electronic Delivery of Loan Files for 
Review

AGENCY: Department of Veterans Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of Veterans Affairs (VA) Loan Guaranty Service 
(LGY) announces a new policy with regard to lender submission of VA-
guaranteed closed loan files for review. Currently, lenders can submit 
loan files selected for review by LGY through either electronic upload 
or in hard copy form. Effective January 1, 2014, LGY will require the 
electronic uploading of all loan files, pursuant to 38 CFR 36.4333.

DATES: Effective January 1, 2014, VA will require the electronic 
submission of all loan files.

FOR FURTHER INFORMATION CONTACT: John Bell III, Assistant Director for 
Loan Policy and Valuation, Department of Veterans Affairs, 810 Vermont 
Avenue NW., Washington, DC 20420, (202) 632-8786 (This is not a toll-
free number.).

SUPPLEMENTARY INFORMATION: In accordance with 38 CFR 36.4333, VA 
announces the implementation of a new policy with regard to the 
submission of VA-guaranteed closed loan files to LGY for review.
    LGY on a monthly basis completes a full file review of randomly 
selected VA-guaranteed loans, and those with certain loan 
characteristics that closed during the prior month. The purpose of the 
review is to ensure that lenders participating in the Home Loan 
Guaranty program are complying with LGY regulations and policies.
    In May 2012, LGY began permitting lenders to submit their loan 
files selected for review either electronically or in hard copy form. 
Currently, lenders submit over 80 percent of all loan files for review 
electronically.
    To further take advantage of this technology and create a process 
for targeted reviews that will streamline the loan review process, LGY 
is implementing a new policy with regard to lender submission of loan 
files. This document announces that, effective January 1, 2014, LGY 
will require the electronic submission of all loan files selected for 
full file review.

Signing Authority

    The Secretary of Veterans Affairs, or designee, approved this 
document and authorized the undersigned to sign and submit the document 
to the Office of the Federal Register for publication electronically as 
an official document of the Department of Veterans Affairs. Jose D. 
Riojas, Chief of Staff, Department of Veterans Affairs, approved this 
document on October 18, 2013, for publication.

    Dated: October 22, 2013.
William F. Russo,
Deputy Director, Regulation Policy and Management, Office of the 
General Counsel, Department of Veterans Affairs.
[FR Doc. 2013-25418 Filed 10-25-13; 8:45 am]
BILLING CODE 8320-01-P
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