Circular 26-20-16

Veterans Benefits Administration sent this bulletin at 04/22/2020 04:20 PM EDT

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Greetings,

The purpose of this communication is to announce that Circular 26-20-16 has been published.

Circular 26-20-16: Guidance for Noncompliant Interest Rate Reduction Refinance Loans (IRRRLs)

Purpose: The purpose of this Circular is to outline VA's expectations regarding loans that fail to meet the statutory requirements set forth in section 309 of Public Law 115-174, The Economic Growth, Regulatory Relief, and Consumer Protection Act (the Act), and codified at 38 U.S.C. § 3709.

This Circular has been posted to the following URL: https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp

Sincerely,

Loan Guaranty Service

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