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VA | RIN: 2900-AP49 | Publication ID: Spring 2016 |
Title: Veterans' Mortgage Life Insurance-Coverage Amendment | |
Abstract:
The Department of Veterans Affairs (VA) proposes to amend its regulations governing the Veterans’ Mortgage Life Insurance (VMLI) program in order to provide eligible individuals with the opportunity to purchase less than the statutory maximum amount of insurance available under the program. The proposed rule would also amend current VA regulations to reflect that the statutory maximum amount of coverage available under the VMLI program has been increased to $200,000, to define the term eligible individual, and to clarify that eligibility for VMLI coverage has been extended to include Service members as well as Veterans. These additional amendments are necessary to conform the existing regulations to statutory provisions. |
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Agency: Department of Veterans Affairs(VA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 38 CFR 8a(1-4) (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 38 U.S.C. 501 38 U.S.C. 2101 to 2106 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jeanne King Insurance Specialist Department of Veterans Affairs VA Regional Office and Insurance Center, P.O. Box 8079, Philadelphia, PA 19101 Phone:215 842-2000 Fax:215 381-3502 Email: jeanne.king@va.gov |