Loan Guaranty: Net Value and Pre-Foreclosure Debt Waivers
VA · va-home-loan · Published 2002-10-08 · Effective 2002-11-07 · 67 FR 62646
Document
Document number
02-25494
Federal Register citation
67 FR 62646
CFR reference
38 CFR 36
Type
Rule
Action
Final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
2002-10-08
Effective date
2002-11-07
Abstract
We are amending the Loan Guaranty Regulations to change the formula for calculating the net value of property securing VA guaranteed loans being terminated and to add criteria for granting preforeclosure debt waivers. The changes regarding net value appear necessary to more accurately reflect current costs. The changes regarding waivers appear necessary to more accurately reflect statutory intent.