📜Updated Legal Fees for VA Home Loan Guaranty Program
Loan Guaranty: Maximum Allowable Fees for Legal Services
Summary
This notice provides updated information to participants in the Department of Veterans Affairs (VA) Home Loan Guaranty program concerning the maximum allowable fees for legal services performed in connection with the foreclosure of single- family housing loans. This notice also provides updated information concerning the legal fees for bankruptcy-related services. The table in this notice contains the amounts the Secretary of Veterans Affairs has determined to be reasonable and customary in all states, following an annual review of the amounts allowed by other Government-related home loan programs.
Agencies
- Veterans Affairs Department
Business Impact
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The document outlines updated maximum allowable fees for legal services related to foreclosure and bankruptcy under the VA Home Loan Guaranty program. These changes affect costs for businesses engaged in legal services for veterans' housing loans, indicating regulatory compliance and altering financial projections for legal practices.