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Notice

Loan Guaranty: Maximum Allowable Attorney Fees

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Information about this document as published in the Federal Register.

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AGENCY:

Department of Veterans Affairs (VA).

ACTION:

Notice; correction.

SUMMARY:

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.

DATES:

These corrections will be effective as of August 12, 2015.

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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).

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SUPPLEMENTARY 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:

JurisdictionVA non-judicial foreclosure 1 2VA judicial foreclosure 1 2Deed-in-lieu of foreclosure
Alabama$1325N/A$350
Alaska1600N/A350
Arizona1350N/A350
Arkansas1400N/A350
California1350N/A350
Colorado1650N/A350
ConnecticutN/A2450350
DelawareN/A1800350
District of Columbia12002300350
FloridaN/A2800350
Georgia1325N/A350
Guam1600N/A350
HawaiiN/A2950350
Idaho1150N/A350
IllinoisN/A2300350
IndianaN/A2050350
Iowa8501880350
KansasN/A1800350
KentuckyN/A2250350
LouisianaN/A1900350
MaineN/A2300350
Maryland2400N/A350
MassachusettsN/A2550350
Michigan1425N/A350
Minnesota1450N/A350
Mississippi1200N/A350
Missouri1350N/A350
Montana1150N/A350
Nebraska1150N/A350
Nevada1525N/A350
New Hampshire1350N/A350
New JerseyN/A2975350
New MexicoN/A2000350
New York—Western Counties 3N/A2675350
New York—Eastern CountiesN/A3475350
North Carolina1575N/A350
North DakotaN/A1750350
OhioN/A2250350
OklahomaN/A2000350
Oregon13502600350
PennsylvaniaN/A2350350
Puerto RicoN/A2050350
Rhode Island1725N/A350
South CarolinaN/A1650350
South DakotaN/A2200350
Tennessee1200N/A350
Texas1325N/A350
Utah1350N/A350
VermontN/A2250350
Virgin IslandsN/A1800350
Virginia1350N/A350
Washington1350N/A350
West Virginia1150N/A350
WisconsinN/A2000350
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Wyoming1150N/A350
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.

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Dated: August 6, 2015.

Michael Shores,

Chief, Impact Analyses, Office of Regulation Policy & Management, Office of the General Counsel, Department of Veterans Affairs.

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[FR Doc. 2015-19771 Filed 8-11-15; 8:45 am]

BILLING CODE 8320-01-P