|
Greetings,
The purpose of this communication is to announce that Circular 26-23-3 has been published.
Circular 26-23-3: Updates to VA Forms 26-1820 and 26-1802a
Purpose: The Department of Veterans Affairs (VA) is publishing this Circular to advise stakeholders that VA Form 26-1820, Report and Certification of Loan Disbursement has been revised. Additionally, VA 26-1802a, HUD/VA Addendum to the Uniform Residential Loan Application has been discontinued.
Specifically, VA Form 26-1820 is used by lenders to report a loan to VA for guaranty upon closing. Lenders must complete the form on every VA guaranteed, or insured loan. VA has consolidated VA Form 26-1802a and VA Form 26-0503, Federal Collection Policy Notice, into the new VA Form 26-1820.
Use of the new VA Form 26-1820 is required for loans with application dates on or after February 1, 2023. VA Form 26-1802a and VA Form 26-0503 will no longer be required with use of the new VA Form 26-1820. Lenders may, and are encouraged to use the new form for loan applications received prior to the effective date.
The updated VA Form 26-1820 is available on VA’s website: https://www.va.gov/find-forms/. Lenders are reminded that VA Form 26-1820 should be fully completed and executed by the borrower, and co-borrower (if applicable) at the time of loan closing.
This Circular has been posted to the following URL: https://www.benefits.va.gov/HOMELOANS/resources_circulars.asp
Sincerely,
Loan Guaranty Service
|