Mortgage Bankers Association
VARulemakingVA-2023-VBA-0028

AS02-Advance notice of proposed rulemaking-Loan Guaranty: Minimum Property Requirements for VA-Guaranteed and Direct Loans

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Last modified
Aug 26, 2024
Comment window
closed 900d ago
Mortgage Bankers Association filings
1

Activity

Mortgage Bankers Association filed 1 comment on this docket between Feb 9, 2024 and Feb 9, 2024. 11 other organizations filed here. The comment window closed 900d ago.

What Mortgage Bankers Association filed (1)

Feb 9, 2024· Comment on AS02-ANPRM-Mortgage Bankers Association· VA-2023-VBA-0028-0143

Filed on regulations.gov — full text not in the inline record.

Abstract

The Department of Veterans Affairs (VA) is requesting public comment on the minimum property requirements (MPRs) for VA-guaranteed and direct loans. VA will consider information received in response to this advance notice of proposed rulemaking (ANPRM) in implementing the Improving Access to the VA Home Loan Benefit Act of 2022 (the Act). The Act requires VA to consider making changes to MPRs in prescribing updated regulatory requirements regarding appraisals. This ANPRM seeks public input to better understand areas for improvement in MPRs, including whether VA should consider adopting an approach that aligns with other industry-wide property standards already in existence.

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