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VA | RIN: 2900-AR58 | Publication ID: Fall 2024 |
Title: Loan Guaranty: Revisions to VA-Guaranteed or Insured Interest Rate Reduction Refinancing Loans | |
Abstract:
The Department of Veterans Affairs (VA) amending 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 final rule would update VA’s existing IRRRL regulation to current statutory requirements. |
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Agency: Department of Veterans Affairs(VA) | Priority: Section 3(f)(1) Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final 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 |
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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 Information URL: www.regulations.gov | |
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 |