Southwestern Power Administration August 12, 2015 – Federal Register Recent Federal Regulation Documents

Enhanced-Use Lease of Department of Veterans Affairs (VA) Real Property for the Development of a Housing Facility on One Parcel of Land Totaling Approximately 5.4 Acres of Land in Grand Island, Nebraska
Document Number: 2015-19902
Type: Notice
Date: 2015-08-12
Agency: Southwestern Power Administration
The Secretary of VA intends to amend the scope and terms of an existing EUL that was entered into during the month of December 2011, totaling approximately 4.6 acres of land, for the purpose of constructing and developing 102 units of supportive housing for Veterans. Since that time market conditions have changed making the original scope infeasible. This notice provides details on the current scope and terms of the proposed amended EUL. The EUL lessee will finance, design, develop, manage, maintain and operate up to 78 units of housing for eligible Veterans, on approximately 5.4 acres of land in one or more phases at the Grand Island VAMC campus for eligible homeless Veterans, and Veterans at risk of homelessness, on a priority placement basis, and provide supportive services that guide resident Veterans toward attaining long-term self-sufficiency.
Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back Period
Document Number: 2015-19775
Type: Rule
Date: 2015-08-12
Agency: Southwestern Power Administration
This document adopts as final, without change, a proposed rule of the Department of Veterans Affairs (VA) to amend its regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These revisions align VA's disclosure and interest rate adjustment requirements with the implementing regulations of the Truth in Lending Act (TILA), as recently revised by the Consumer Financial Protection Bureau (CFPB). This rulemaking will ensure VA remains consistent with other applicable consumer finance and housing regulations governing adjustable rate mortgages.
Loan Guaranty: Maximum Allowable Attorney Fees
Document Number: 2015-19771
Type: Notice
Date: 2015-08-12
Agency: Southwestern Power Administration
On July 31, 2015, the Department of Veterans Affairs published a notice in the Federal Register providing information to participants in the Department of Veterans Affairs (VA) Home Loan Guaranty program concerning the maximum attorney fees allowable in calculating the indebtedness used to determine the guaranty claim payable upon loan termination (80 FR 45718). This notice contained two administrative errors.
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