Department of Veterans Affairs February 1, 2008 – Federal Register Recent Federal Regulation Documents

Increase in Mileage Reimbursement Rate and Deductible Amounts in the Beneficiary Travel Program
Document Number: E8-1641
Type: Notice
Date: 2008-02-01
Agency: Department of Veterans Affairs
This notice is to inform the public of the Secretary's decision to increase the Department of Veterans Affairs (VA) Beneficiary Travel program mileage reimbursement rate and deductible amounts under 38 U.S.C. 111 for travel of eligible beneficiaries in connection with VA health care and for other purposes. Effective February 1, 2008, the beneficiary travel mileage reimbursement rate is increased from 11 cents to 28.5 cents based upon mileage traveled to or from a Department facility or other place in connection with vocational rehabilitation, counseling required by the Secretary pursuant to 38 U.S.C. chapter 34, ``Educational Assistance'' or chapter 35, ``Survivors' and Dependents' Educational Assistance'' or for the purpose of examination, treatment or care.
Loan Guaranty: Loan Servicing and Claims Procedures Modifications
Document Number: 08-337
Type: Rule
Date: 2008-02-01
Agency: Department of Veterans Affairs
This document establishes a new series for the Department of Veterans Affairs (VA) Loan Guaranty regulations, which will be phased in over an approximately eleven-month timeframe, as mortgage servicing industry segments ``go live'' on a new computer-based tracking system being established by VA. This new series replicates existing regulations for most aspects of the VA Loan Guaranty program, but also includes changes related to several aspects of the servicing and liquidating of guaranteed housing loans in default, and the submitting of guaranty claims by loan holders. Specific topics revised in the new 4800 series include: increasing authority of servicers to implement loss-mitigation options, making incentive payments to servicers for successful loss-mitigation options, establishing a system of measuring and ranking servicer performance, establishing updated reporting requirements, permitting loan holders to review liquidation appraisals, requiring holders to calculate the net value of the security property prior to foreclosure, establishing a timeframe for when foreclosure of a defaulted loan should be completed, limiting the amount of interest and other fees and charges that may be included in a guaranty claim, establishing allowable attorneys fees to be included in the guaranty claim, establishing a deadline for the submission of guaranty claims, modifying the requirements for title evidence for properties conveyed to VA following foreclosure, modifying the requirements for how long a holder must maintain records relating to loans for which VA has paid a claim on the guaranty, and eliminating the requirement for the submission of legal procedural papers to VA. This document also includes specific revisions to three rules related to increased attorney fee allowances, establishment of a time limit for filing a claim under the guaranty, and granting authority for the Servicer Appraisal Processing Program that will be effective for all program participants upon publication of these rules.