Loan Guaranty: Revisions to Allowable Charges and Fees Assessed Incident to VA-Guaranteed Home Loans
The Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) is currently reviewing its regulations governing the allowable expenses that a veteran may pay or be charged in connection with obtaining a VA-guaranteed home loan. By issuing this advanced notice of proposed rulemaking, LGY seeks comments on how the public believes VA should approach this undertaking. Although LGY identifies specific issues for discussion below, it encourages commenters to discuss any issue related to improving these specific regulations.
Compliance Inspection Report
The Department of Veterans Affairs (VA) published a collection of information notice in the Federal Register on Wednesday, April 5, 2017 that contained an error. The 60-day Public Comment notice identified of the wrong title for the Agency Information Collection Activity. This document corrects the notice by replacing the title in error: ``Compliance Report'' with the correct title: ``Credit Underwriting Standards and Procedures for Processing VA Guaranteed Loans.''