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VA

RIN: 2900-AO65

Publication ID: Fall 2018

Title: Loan Guaranty: Ability-to-Repay Standards and Qualified Mortgage Definition Under the Truth in Lending Act
Abstract: The Department of Veterans Affairs (VA) notifies the public that an interim final rule that amended 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of the Ability to Repay provisions of the Truth in Lending Act (TILA), published on May 9, 2014, 79 FR 26620, is superseded by Public Law 115-174, titled Economic Growth, Regulatory Relief, and Consumer Protection Act, which was signed into law on May 24, 2018. Therefore, VA will not finalize this interim final rule.
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: Fully or Partially Exempt
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

Timetable:

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	10/00/2018

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 Email: john.bell2@va.gov