Regulacje i polityka gospodarcza · 8.10.2002

Loan Guaranty: Net Value and Pre-Foreclosure Debt Waivers

We are amending the Loan Guaranty Regulations to change the formula for calculating the net value of property securing VA guaranteed loans being terminated and to add criteria for granting preforeclosure debt waivers. The changes regarding net value appear necessary to more accurately reflect current costs. The changes regarding waivers appear necessary to more accurately reflect statutory intent.