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VA RIN: 2900-AQ25 Publication ID: Spring 2018 
Title: ●Loan Guaranty: Revisions to VA-Guaranteed Refinance Home Loans 
Abstract:

The Department of Veterans Affairs (VA) is proposing to amend its rules on VA-guaranteed refinance home loans. In promulgating this rulemaking, VA intends to curtail lending practices that increase the risk of equity skimming and serial refinancing, cause instability in the secondary lending market, devalue the loan guaranty benefit as a lending product, and expose taxpayers to unnecessary risk. This rulemaking would also make certain regulatory updates to conform with statutory changes.

 
Agency: Department of Veterans Affairs(VA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Fully or Partially Exempt 
CFR Citation: 38 CFR 36.4300    38 CFR 36.4306    38 CFR 36.4307   
Legal Authority: 38 U.S.C. 501    38 U.S.C. 3720    38 U.S.C. 3703    38 U.S.C. 3710   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/00/2018 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
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