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VA RIN: 2900-AR58 Publication ID: Spring 2025 
Title: Loan Guaranty: Revisions to VA-Guaranteed or Insured Interest Rate Reduction Refinancing Loans 
Abstract:

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.

 
Agency: Department of Veterans Affairs(VA)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Yes  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 38 CFR 36.4307   
Legal Authority: 38 U.S.C. 3709    38 U.S.C. 3710    38 U.S.C. 3703(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
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 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Terry Rouch
Assistant Director - Loan Guaranty, Veterans Benefits Administration
Department of Veterans Affairs
Washington, DC 20420
Phone:202 632-8862
Email: terry.rouch@va.gov