Proposed Rules. Proposed rule; withdrawal

226 words·~1 min read·/register/2005/01/31/05-1712

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 8320-01-P DEPARTMENT OF VETERANS AFFAIRS 38 CFR Part 36 RIN 2900-AK76 Loan Guaranty: Prepurchase Counseling Requirements AGENCY: Department of Veterans Affairs. ACTION: Proposed rule; withdrawal. SUMMARY: The Department of Veterans Affairs

(VA)published a proposed rule in the **Federal Register** on October 11, 2001 (66 FR 51893) to amend its loan guaranty regulations that set forth underwriting standards for VA guaranteed loans. We had proposed to require first-time homebuyers to complete homeownership counseling and to add a compensating factor for certain veterans who do not fully meet VA's underwriting standards. However, the proposed rule and comments have been superseded by recently-adopted requirements established by the Department of Defense mandating such counseling for all enlistees and by VA's decision to provide a link to the Government National Mortgage Association (Ginnie Mae's) Homeownership Information Center, which provides a wide array of information for homebuyers pertaining to the homebuying process, mortgage affordability, loan calculators, credit counseling, etc. Accordingly, this document hereby withdraws the proposed rule. DATES: The proposed rule is withdrawn as of January 31, 2005. FOR FURTHER INFORMATION CONTACT: R.D. Finneran, Assistant Director for Loan Policy and Valuation (262), Loan Guaranty Service, Veterans Benefits Administration, Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420

(202)273-7368. Approved: December 17, 2004. Anthony J. Principi, Secretary of Veterans Affairs. [FR Doc. 05-1712 Filed 1-28-05; 8:45 am]

Connections1 off-index

1 reference not yet in our index

38 CFR 36

Citation graph

cites case law

Proposed Rules

Proposed rule; withdrawal

Cite38 CFR 36

Cites 1Cited by 0 across 0 sources