VA · va-home-loan · Published 2024-04-10 · Effective 2024-05-10 · 89 FR 25142
Document
Document number
2024-07113
Federal Register citation
89 FR 25142
CFR reference
38 CFR 36
Type
Rule
Action
Final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
2024-04-10
Effective date
2024-05-10
Abstract
The Department of Veterans Affairs (VA) is renaming and clarifying certain loss-mitigation terms used in VA's regulations. VA is making these changes to align the names and definitions with their general use in the housing finance industry. VA believes that these revisions will help avoid confusion and enable servicers and veterans to address loan defaults more quickly and effectively.