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The Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) is proposing changes to VA’s incentivized loss mitigation options available to servicers that assist veterans whose VA-guaranteed loans are in default. Current options include repayment plans, special forbearance, loan modification, compromise sale, deed in lieu of foreclosure, and loan refunding. These proposed amendments are in accordance with the President’s priorities that advance the country’s economic recovery and continue to address any necessary COVID-19 related issues. They also advance equity and support underserved, vulnerable, and marginalized communities and improve service delivery, customer experience, and reduce administrative burdens for those accessing public benefits and services.