This PDF is the current document as it appeared on Public Inspection on 08/11/2015 at 08:45 am.
Department of Veterans Affairs (VA).
On July 31, 2015, the Department of Veterans Affairs published a notice in the Federal Register providing information to participants in the Department of Veterans Affairs (VA) Home Loan Guaranty program concerning the maximum attorney fees allowable in calculating the indebtedness used to determine the guaranty claim payable upon loan termination (80 FR 45718). This notice contained two administrative errors.
These corrections will be effective as of August 12, 2015.Start Further Info
FOR FURTHER INFORMATION CONTACT:
Mr. Andrew Trevayne, Assistant Director for Loan and Property Management (261), Loan Guaranty Service, Department of Veterans Affairs, Washington, DC 20420, (202) 632-8795 (Not a toll-free number).End Further Info End Preamble Start Supplemental Information
In the Federal Register of July 31, 2015, FR Doc. # 2015-18762, the table representing the Secretary's determination of the reasonable and customary cost of legal services needs to be replaced with the following table:
|Jurisdiction||VA non-judicial foreclosure 1 2||VA judicial foreclosure 1 2||Deed-in-lieu of foreclosure|
|District of Columbia||1200||2300||350|
|New York—Western Counties 3||N/A||2675||350|
|New York—Eastern Counties||N/A||3475||350|
|Start Printed Page 48421|
|1 When a foreclosure is stopped due to circumstances beyond the control of the holder or its attorney (including, but not limited to bankruptcy, VA-requested delay, property damage, hazardous conditions, condemnation, natural disaster, property seizure, or relief under the Servicemembers Civil Relief Act) and then restarted, VA will allow a $350 restart fee in addition to the base foreclosure attorney fee. This fee recognizes the additional work required to resume the foreclosure action, while also accounting for the expectation that some work from the previous action may be utilized in starting the new action.|
|2 VA will allow attorney fees of $650 (Chapter 7) or $850 (initial Chapter 13) for obtaining bankruptcy releases directly related to loan termination. For additional requests for relief filed under each bankruptcy chapter, VA will allow an additional $250.|
|3 Western Counties of New York for VA are: Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Steuben, Wayne, Wyoming, and Yates. The remaining counties are in Eastern New York.|
Second, in the last sentence of the Supplementary Information section of the published Notice, on page 1, reference was made to Paragraph (b)(5)(ii) of section 34.4314. Change this reference to section 36.4314 vs. 34.4314.Start Signature
Dated: August 6, 2015.
Chief, Impact Analyses, Office of Regulation Policy & Management, Office of the General Counsel, Department of Veterans Affairs.
[FR Doc. 2015-19771 Filed 8-11-15; 8:45 am]
BILLING CODE 8320-01-P