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VA RIN: 2900-AO65 Publication ID: Fall 2017 
Title: Loan Guaranty: Ability-to-Repay Standards and Qualified Mortgage Definition Under the Truth in Lending Act 

This document amends the Department of Veterans Affairs (VA) Loan Guaranty regulations that implemented provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, requiring that VA define the types of VA loans that are "qualified mortgages” for the purposes of the Ability to Repay provisions of the Truth in Lending Act (TILA).  This rule clarifies which VA-guaranteed loans are to be considered "qualified mortgages” in accordance with the Ability to Repay provisions.


Agency: Department of Veterans Affairs(VA)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 38 CFR 36.4300    38 CFR 36.4340    38 CFR 36.4500    38 CFR 36.4501   
Legal Authority: 38 U.S.C. 501    15 U.S.C. 1639C(a)(5)    15 U.S.C. 1639C(b)(3)(B)(ii)    38 U.S.C. 3710    38 U.S.C. 3720    38 U.S.C. 3733   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  05/09/2014  79 FR 26620   
Interim Final Rule Effective  05/09/2014 
Interim Final Rule Comment Period End  06/09/2014 
Final Rule  02/00/2018 
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:
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