{"abstract":"This document proposes to amend the Department of Veterans Affairs (VA) Loan Guaranty Service (LGY) regulations that govern adjustable rate mortgages made in conjunction with the Home Loan Guaranty program. These revisions would align VA's disclosure and interest rate adjustment requirements with the implementing regulations of the Truth in Lending Act (TILA), as recently revised by the Consumer Financial Protection Bureau (CFPB). Specifically, the rule would amend the timing, content, and format requirements for the disclosures provided to borrowers prior to an interest-rate adjustment. The proposed regulation would also require that an interest-rate adjustment correspond with the interest rate index available 45 days prior to the adjustment. This proposed rulemaking would ensure VA's consistency with other applicable consumer finance and housing regulations governing adjustable rate mortgages.","action":"Proposed rule.","agencies":[{"raw_name":"DEPARTMENT OF VETERANS AFFAIRS","name":"Veterans Affairs Department","id":520,"url":"https://www.federalregister.gov/agencies/veterans-affairs-department","json_url":"https://www.federalregister.gov/api/v1/agencies/520","parent_id":null,"slug":"veterans-affairs-department"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2015/01/29/2015-01681.html","cfr_references":[{"chapter":null,"citation_url":null,"part":36,"title":38}],"citation":"80 FR 4812","comment_url":null,"comments_close_on":"2015-03-30","correction_of":null,"corrections":[],"dates":"Comments must be received by VA on or before March 30, 2015.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[{"title":"AP25-Proposed Rule-Impact Analysis","document_id":"VA-2015-VBA-0004-0002"}],"agency_name":null,"documents":[{"comment_count":3,"comment_start_date":"2015-01-29","updated_at":"2023-02-28T17:07:43.330-05:00","comment_url":"https://www.regulations.gov/commenton/VA-2015-VBA-0004-0001","allow_late_comments":null,"id":"VA-2015-VBA-0004-0001","comment_end_date":"2015-03-31","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":1,"id":"VA-2015-VBA-0004","title":"AP25 - Proposed Rule - Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back Period"}],"document_number":"2015-01681","effective_on":null,"end_page":4816,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2015/01/29/2015-01681.xml","html_url":"https://www.federalregister.gov/documents/2015/01/29/2015-01681/loan-guaranty-adjustable-rate-mortgage-notification-requirements-and-look-back-period","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2015-01681?publication_date=2015-01-29","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2015-01-29/2015-01681/mods.xml","not_received_for_publication":null,"page_length":5,"page_views":{"count":1554,"last_updated":"2026-04-04 16:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2015-01-29/pdf/2015-01681.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2015-01681.pdf?1422453129","publication_date":"2015-01-29","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2015/01/29/2015-01681.txt","regulation_id_number_info":{"2900-AP25":{"issue":"201504","html_url":"https://www.federalregister.gov/regulations/2900-AP25/loan-guaranty-adjustable-rate-mortgage-notification-requirements-and-look-back-period","title":"Loan Guaranty:  Adjustable Rate Mortgage Notification Requirements and Look-Back Period","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201504&RIN=2900-AP25&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["2900-AP25"],"regulations_dot_gov_info":{"supporting_documents":[{"title":"AP25-Proposed Rule-Impact Analysis","document_id":"VA-2015-VBA-0004-0002"}],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/2900-AP25/loan-guaranty-adjustable-rate-mortgage-notification-requirements-and-look-back-period","title":"Loan Guaranty:  Adjustable Rate Mortgage Notification Requirements and Look-Back Period"},"comments_count":3,"agency_id":"VA","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=VA-2015-VBA-0004","supporting_documents_count":1,"docket_id":"VA-2015-VBA-0004","document_id":"VA-2015-VBA-0004-0001","regulation_id_number":"2900-AP25","title":"AP25 - Proposed Rule - Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back Period","checked_regulationsdotgov_at":"2023-02-28T22:07:42Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":4812,"subtype":null,"title":"Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back Period","toc_doc":"Adjustable Rate Mortgage Notification Requirements and Look-Back Period","toc_subject":"Loan Guarantees:","topics":["Condominiums","Flood insurance","Housing","Indians","Individuals with disabilities","Loan programs-housing and community development","Loan programs-Indians","Loan programs-veterans","Manufactured homes","Mortgage insurance","Reporting and recordkeeping requirements","Veterans"],"type":"Proposed Rule","volume":80}