§ 36.4807. Application for partial claim payment.
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/us/cfr/t38/s§ 36.4807·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The servicer must provide VA with the original note required by § 36.4805. Not later than 180 days following the date the security instrument, required by § 36.4805, is fully executed, the servicer must provide VA with the original security instrument and evidence that the servicer recorded such instrument. If the recording authority causes a delay, the servicer may request an extension of time, in writing, from VA.
(b)Servicers must report a partial claim event to VA through VA's existing electronic loan servicing system within seven days of the date the veteran returns to the servicer the executed note required by § 36.4805, but not later than 120 days after the date the veteran exits the COVID-19 forbearance. (The Office of Management and Budget has approved the information collection requirements in this section under control numbers 2900-0021 and 2900-0889) (Authority: 38 U.S.C. 3703(c), 3720, 3732) \[86 FR 28708, May 28, 2021, as amended at 86 FR 46984, Aug. 23, 2021\]
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- Rules and RegulationsFinal rule SUMMARY: The Department of Veterans Affairs (VA) is establishing through this final rule the COVID-19 Veterans Assistance Partial Claim Payment program (COVID-VAPCP), a temporary program to help veterans return to making normal loan payments on a VA-guaranteed loan (guaranteed loan) after exiting a forbearance for financial hardship due, directly or indirectly, to the COVID-19 national emergency
- NoticesProposed rule
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