2900-AR58 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 2900 Department of Veterans Affairs VA Loan Guaranty: Revisions to VA-Guaranteed or Insured Interest Rate Reduction Refinancing Loans

The Department of Veterans Affairs (VA) is amending its rules on VA-backed interest rate reduction refinancing loans (IRRRLs). The Economic Growth, Regulatory Relief, and Consumer Protection Act and the Protecting Affordable Mortgages for Veterans Act of 2019 outlined the circumstances in which VA may guarantee or insure refinance loans, by setting forth net tangible benefit, recoupment, and seasoning standards. The final rule will update VA’s existing IRRRL regulation to current statutory requirements.

]]> Economically Significant Previously Published in The Unified Agenda Long-Term Actions Yes No Other 38 CFR 36.4307 38 U.S.C. 3709 38 U.S.C. 3710 38 U.S.C. 3703(a) No NPRM 11/01/2022 87 FR 65700 NPRM Comment Period End 01/03/2023 Supplemental NPRM 03/07/2024 89 FR 16491 Supplemental NPRM Comment Period End 05/06/2024 Final Action To Be Determined No No None No No www.regulations.gov No No Terry Rouch Assistant Director - Loan Guaranty, Veterans Benefits Administration 2900 Department of Veterans Affairs VA 202 632-8862 terry.rouch@va.gov Washington DC 20420