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VA RIN: 2900-AP32 Publication ID: Fall 2017 
Title: Loan Guaranty Vendee Loan Fees 
Abstract:

This document adopts as final a proposed rule of the Department of Veterans Affairs (VA) Loan Guaranty Service to amend its regulations to establish reasonable fees that VA may charge in connection with the origination and servicing of vendee loans made by VA. Fees mentioned in this rulemaking are consistent with those charged in the private mortgage industry, and such fees will help VA to ensure the sustainability of this vendee loan program. The loans that will be subject to the fees are not veterans’ benefits. This rule will also ensure that all direct and vendee loans made by the Secretary are safe harbor qualified mortgages.

 
Agency: Department of Veterans Affairs(VA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
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 U.S.C. 1639C(b)(3)(B)(ii)    38 U.S.C. 3720    38 U.S.C. 3733    38 U.S.C. 3761   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/26/2016  81 FR 74382   
NPRM Comment Period End  12/27/2016 
Final Action  08/02/2017  82 FR 35902   
Final Action Effective  09/01/2017 
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:
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