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VA | RIN: 2900-AR42 | Publication ID: Fall 2023 |
Title: Loan Guaranty: Servicer Tier Ranking Procedures | |
Abstract:
The Department of Veterans Affairs (VA) is proposing to amend its rules on the servicer tier ranking procedures, specifically the criteria by which the tier ranking is determined. VA would further revise incentive payments for those servicers based on their ranking. These amendments are necessary to ensure that VA home loan servicers provide veterans with the level of service VA would require and to protect the interest of VA and the holder of the loan. |
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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: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 38 CFR 36.4318 38 CFR 36.4319 | |
Legal Authority: 38 U.S.C. 3703 38 U.S.C. 3720 38 U.S.C. 3722 |
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: Andrew Trevayne Assistant Director for Loan and Property Management (261) Department of Veterans Affairs 810 Vermont Avenue NW, Washington, DC 20420 Phone:202 632-8795 Email: andrew.trevayne@va.gov |