Loan Guaranty: Revisions to VA-Guaranteed or Insured Cash-Out Home Refinance Loans
VA · va-home-loan · Published 2018-12-17 · Effective 2019-02-15 · 83 FR 64459
Document
Document number
2018-27263
Federal Register citation
83 FR 64459
CFR reference
38 CFR 36
Type
Rule
Action
Interim final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
2018-12-17
Effective date
2019-02-15
Abstract
The Department of Veterans Affairs (VA) is amending its rules on VA-guaranteed or insured cash-out refinance loans. The Economic Growth, Regulatory Relief, and Consumer Protection Act requires VA to promulgate regulations governing cash-out refinance loans. This interim final rule defines the parameters of when VA will permit cash-out refinance loans, to include defining net tangible benefit, recoupment, and seasoning requirements.