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VA RIN: 2900-AP40 Publication ID: Fall 2016 
Title: Loan Guaranty: Limited Denial of Participation  
Abstract:

The Department of Veterans Affairs (VA) is proposing to amend its regulations concerning limited denials of participation (LDPs). LDPs are VA-specific sanctions that the Loan Guaranty Service (LGY) may order to temporarily limit parties (other than veterans and lenders) from participating in VA’s housing programs. The purpose of this rule would be to clarify and expand the conduct providing cause for an LDP and the parties who may be subject to an LDP, as well as to increase the potential period and scope of an LDP and add requirements for participation with VA programs following an LDP. The rule would also provide more efficient administrative processes for the ordering, provision of notice, and contesting of an LDP. This action is necessary to enable VA to more efficiently administer LDPs and ensure that they more effectively sanction the range of conduct and parties that currently cause harm or loss to veterans or programs administered by LGY.

 
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 
EO 13771 Designation: uncollected 
CFR Citation: 2 CFR 801.1100 to 1113   
Legal Authority: 38 U.S.C. 501(a)    Pub. L. 103-355    E.O. 12549    E.O. 12689    38 U.S.C. 3703(c)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  09/00/2017 
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:
John Bell III
Assistant Director for Loan Policy and Valuation (262)
Department of Veterans Affairs
810 Vermont Avenue NW.,
Washington, DC 20420
Phone:202 632-8786
Email: john.bell2@va.gov