# Loan Guaranty: Servicer Regulation Changes
> **US Department of Veterans Affairs** · Final rule. · Published 2024-04-10 · Effective 2024-05-10 · 89 FR 25142
## Document
- **Document number:** 2024-07113
- **Category:** va-home-loan
- **Agency:** US Department of Veterans Affairs
- **Federal Register citation:** 89 FR 25142
- **CFR reference:** 38 CFR 36
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/04/10/2024-07113/loan-guaranty-servicer-regulation-changes)
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