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VA | RIN: 2900-AP32 | Publication ID: Fall 2016 |
Title: Loan Guaranty Vendee Loan Fees | |
Abstract:
This rule proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations to establish reasonable fees that VA may charge in connection with the origination and servicing of vendee loans made by VA. Fees proposed in this rulemaking are consistent with those charged in the private mortgage industry, and such fees would help VA to assure the sustainability of this vendee loan program. The loans that would be subject to the fees are not veterans’ benefits. This rule would also ensure that all direct and vendee loans made by the Secretary are safe harbor qualified mortgages. |
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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: No | Unfunded Mandates: No |
CFR Citation: 38 CFR 36.4500 38 CFR 36.4501 38 CFR 36.4528 38 CFR 36.4529 38 CFR 36.4530 | |
Legal Authority: 38 U.S.C. 501 38 U.S.C. 2041 38 U.S.C. 3710 38 U.S.C. 3711 15 USC 1639C(b)(3)(B)(ii) 38 U.S.C. 3720 38 U.S.C. 3733 38 U.S.C. 3761 |
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 | |
Public Comment URL: www.regulations.gov | |
RIN Data Printed in the FR: No | |
Agency Contact: Andrew Trevayne Assistant Director for Loan and Property Management (261) Department of Veterans Affairs 810 Vermont Avenue NW, Washington, DC 20420 Phone:202 632-8795 Email: andrew.trevayne@va.gov |