Loan Guaranty: Limitation on Discount Points Financed in Connection With Interest Rate Reduction Refinancing Loans
VA · va-home-loan · Published 1997-01-24 · Effective 1997-01-24 · 62 FR 3610
Document
Document number
97-1656
Federal Register citation
62 FR 3610
CFR reference
38 CFR 36
Type
Rule
Action
Final rule.
Category
va-home-loan
Agency
US Department of Veterans Affairs
Publication date
1997-01-24
Effective date
1997-01-24
Abstract
This document adopts as a final rule, without change, an interim final rule that amends VA's loan guaranty regulations concerning points allowed to be included in Interest Rate Reduction Refinancing Loans. This rule limits to two the amount of discount points that may be included in the loan. This rule is necessary to help ensure that veterans are not overcharged with excessive points and to protect the Government against the danger of overinflated loans.