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VA | RIN: 2900-AR29 | Publication ID: Spring 2022 |
Title: National Service Life Insurance Premium Payment and Loan Amendment | |
Abstract:
The Department of Veterans Affairs (VA) amends its National Service Life Insurance regulations to offer Service-Disabled Veterans’ Insurance policyholders the option of remitting premiums for government life insurance coverage only on a monthly or annual basis. VA also increased the amount that Veteran policyholders are eligible to borrow against the value of their life insurance policies and to adjust the interest rates charged for fixed-rate loans in certain circumstances. |
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Agency: Department of Veterans Affairs(VA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 38 CFR 8.2 38 CFR 8.13 | |
Legal Authority: 38 U.S.C. 501 38 U.S.C. 1906 38 U.S.C. 1908 |
Legal Deadline:
None |
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Timetable:
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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: Paul Weaver Department of Veterans Affairs 5000 Wissahickon Avenue, Philadelphia, PA 19144 Phone:215 842-2000 Email: paul.weaver1@va.gov |