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VA

RIN: 2900-AR58

Publication ID: Fall 2022

Title: ●Loan Guaranty: Revisions to VA-Guaranteed or Insured Interest Rate Reduction Refinancing Loans
Abstract: The Department of Veterans Affairs (VA) proposes to amend its rules on VA-backed interest rate reduction refinancing loans (IRRRLs). The Economic Growth, Regulatory Relief, and Consumer Protection Act and the Protecting Affordable Mortgages for Veterans Act of 2019 outlined the circumstances in which VA may guarantee or insure refinance loans, by setting forth net tangible benefit, recoupment, and seasoning standards. The proposed rule would update VA’s existing IRRRL regulation to current statutory requirements.
Agency: Department of Veterans Affairs(VA)	Priority: Economically Significant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: Yes	Unfunded Mandates: No
CFR Citation: 38 CFR 36.4307
Legal Authority: 38 U.S.C. 3709 38 U.S.C. 3710 38 U.S.C. 3703(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	12/00/2022

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: Terry Rouch Assistant Director for Loan Policy and Valuation, Loan Guaranty, Veterans Benefits Administration Department of Veterans Affairs 810 Vermont Avenue NW, Washington, DC 20420 Phone:202 632-8862 Email: terry.rouch@va.gov