VA Lenders Handbook (VA Pamphlet 26-7), Chapter 2, Topic 7 — Misuse of Veteran's Entitlement

va-m26-7-ch02-t07

VA Lenders Handbook (VA Pamphlet 26-7), Chapter 2, Topic 7 — Misuse of Veteran's Entitlement.

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VA Lenders Handbook (VA Pamphlet 26-7), Chapter 2, Topic 7 — Misuse of Veteran's Entitlement

Effective 2019-03-28 · publisher's stamp for this provision

Topic 7. Misuse of Veteran’s Entitlement Change Date: March 28, 2019 This chapter has been revised in its entirety. a. What Constitutes Misuse? A basic requirement of the law governing the VA home loan program is that the Veteran has a bona fide intention of occupying his or her property as a home. Home loan entitlement is not being used properly if the Veteran arranges to sell or convey the property to a third party prior to closing the loan. b. What to Do? Contact the VA RLC with jurisdiction over the property for advice regarding any case in which there may be a question regarding the legality of entitlement use.

Source: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 2, Topic 7 — Misuse of Veteran's Entitlement · source URL · snapshot b55806c1038d96bd

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