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VA RIN: 2900-AP49 Publication ID: Fall 2016 
Title: Veterans' Mortgage Life Insurance-Coverage Amendment 
Abstract:

The Department of Veterans Affairs (VA) proposes to amend its regulations governing the Veterans’ Mortgage Life Insurance (VMLI) program in order to provide eligible individuals with the opportunity to purchase less than the statutory maximum amount of insurance available under the program. The proposed rule would also amend current VA regulations to reflect that the statutory maximum amount of coverage available under the VMLI program has been increased to $200,000, to define the term eligible individual, and to clarify that eligibility for VMLI coverage has been extended to include Service members as well as Veterans. These additional amendments are necessary to conform the existing regulations to statutory provisions.

 
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: 38 CFR 8a(1-4)     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 38 U.S.C. 501    38 U.S.C. 2101 to 2106   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeanne King
Insurance Specialist
Department of Veterans Affairs
VA Regional Office and Insurance Center, P.O. Box 8079,
Philadelphia, PA 19101
Phone:215 842-2000
Fax:215 381-3502
Email: jeanne.king@va.gov