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VA RIN: 2900-AL54 Publication ID: Fall 2004 
Title: Loan Guaranty: Hybrid Adjustable Rate Mortgages 
Abstract: The Department of Veterans Affairs (VA) is amending its loan guaranty regulations to implement sections 303 and 308 of Public Law No. 107-330, the Veterans Benefits Act of 2002. VA is incorporating into the regulations the following changes: The addition of hybrid adjustable rate mortgages that will allow VA to guarantee loans with interest rates that remain fixed for a period of not less than the first 3 years of the loan after which the rate can be adjusted annually and an increase in the fee paid for assuming a VA guaranteed loan from .50 percent to 1.00 percent of the loan amount. 
Agency: Department of Veterans Affairs(VA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 38 CFR 36.4212    38 CFR 36.4254    38 CFR 36.4311    38 CFR 36.4312   
Legal Authority: 38 USC 501(a)    38 USC 3703(c)(1)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/09/2003  68 FR 58293   
NPRM Comment Period End  11/10/2003    
Final Action  12/00/2004    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Public Comment URL: www.regulations.gov  
Agency Contact:
Robert D. Finneran
Assistant Director for Policy and Valuation (262)
Department of Veterans Affairs
Veterans Benefits Administration, 810 Vermont Avenue NW,
Washington, DC 20420
Phone:202 273-7368
Fax:202 275-3523
Email: lgyrfinn@vba.va.gov