# Loan Guaranty Revised Loan Modification Procedures
> **US Department of Veterans Affairs** · Final rule. · Published 2011-12-20 · Effective 2012-01-19 · 76 FR 78827
## Document
- **Document number:** 2011-32528
- **Category:** va-home-loan
- **Agency:** US Department of Veterans Affairs
- **Federal Register citation:** 76 FR 78827
- **CFR reference:** 38 CFR 36
- **Publication date:** 2011-12-20
- **Effective date:** 2012-01-19
## Abstract

This document amends a Department of Veterans Affairs (VA) Loan Guaranty regulation related to modification of guaranteed housing loans in default. Specifically, changes are made to requirements related to maximum interest rates on modified loans and to items that may be capitalized in a modified loan amount. In addition, we are revising the regulation to clarify that the holder of a loan may seek VA approval for a loan modification that does not otherwise meet prescribed conditions. The amendments are intended to liberalize the requirements for modification of VA-guaranteed loans and provide holders more options for working with veterans to avoid foreclosure.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/12/20/2011-32528/loan-guaranty-revised-loan-modification-procedures)
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