Federal Register - May 28, 2021
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Source: Federal Register
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Federal Register / Vol. 86, No. 102 / Friday, May 28, 2021 / Rules and Regulations
g Subject to paragraph a of this section, all loan documents must be fully executed not later than 90 days after the veteran exits the COVID19
forbearance.
h The servicer must record the security instrument timely, as prescribed in 36.4807.
i The servicer must not charge, or allow to be charged, to the veteran any fee in connection with the COVID19
Veterans Assistance Partial Claim Payment program.
The Office of Management and Budget has approved the information collection requirements in this section under control number 2900XXXX
36.4808 No effect on the servicing of the guaranteed loan.
Terms of the assistance to the
a If a veteran chooses to accept VAs assistance i.e., a partial claim payment to the servicer, on the veterans behalf, the veteran, and all co-borrowers on the guaranteed loan, must execute a note and security instrument in favor of the Secretary of Veterans Affairs, an Officer of the United States. The name of the incumbent Secretary should not be included unless State law requires naming a real person.
b Specific terms of the note and security instrument shall include the following:
1 The amount to be repaid to the Secretary, by the veteran, is the amount calculated under 36.4805e;
2 Repayment in full is required immediately upon i The veterans transfer of title to the property; or ii The refinancing or payment in full otherwise of the guaranteed loan with which the partial claim payment is associated.
3 A veteran may make payments for the subordinate loan, in whole or in part, without charge or penalty. If the veteran makes a partial prepayment, there will be no changes in the due date unless VA agrees in writing to those changes.
The Office of Management and Budget has approved the information collection requirements in this section under control number 2900XXXX
Authority: 38 U.S.C. 3703c, 3720, 3732
36.4807 Application for partial claim payment.
a The servicer must provide VA with the original note required by 36.4805.
Not later than 180 days following the date the security instrument, required by 36.4805, is fully executed, the servicer must provide VA with the original security instrument and evidence that the servicer recorded such
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The Office of Management and Budget has approved the information collection requirements in this section under control numbers 29000021 and 2900XXXX
Authority: 38 U.S.C. 3703c, 3720, 3732
Authority: 38 U.S.C. 3703c, 3720, 3732
36.4806
veteran.
instrument. If the recording authority causes a delay, the servicer may request an extension of time, in writing, from VA.
b Servicers must report a partial claim event to VA through VAs existing electronic loan servicing system within seven days of the date the veteran returns to the servicer the executed note required by 36.4805, but not later than 120 days after the date the veteran exits the COVID19 forbearance.
a Servicers must continue to service the guaranteed loan in accordance with subpart B of this part.
b The liability of the United States for any guaranteed loan shall decrease or increase pro rata with any decrease or increase of the amount of the unpaid portion of the guaranteed loan. A partial claim payment does not affect the guaranty percentage established at the time the guaranteed loan was made.
c Receipt of a partial claim payment shall not eliminate a servicers option under 38 U.S.C. 3732 to convey to the Secretary the security for the guaranteed loan.
Authority: 38 U.S.C. 3703c, 3720, 3732
36.4809 Expiration of the COVID19
Veterans Assistance Partial Claim Payment program.
a Subject to paragraph b of this section, the Secretary will not accept a request for a partial claim payment after the date that is 180 days after the date the COVID19 national emergency ends under the National Emergencies Act, 50
U.S.C.161.
b If a veterans COVID19
forbearance does not end until after the date described in paragraph a of this section, the Secretary shall accept a request for a partial claim payment, provided that such request is submitted to the Secretary not later than 120 days after the date the veteran exits the COVID19 forbearance.
c Notwithstanding paragraphs a and b of this section, the Secretary will not accept a request for a partial claim payment after October 28, 2022.
Authority: 38 U.S.C. 3703c, 3720, 3732
36.4810 Oversight of the COVID19
Veterans Assistance Partial Claim Payment program.
a Subject to notice and opportunity for a hearing, whenever the Secretary finds with respect to a partial claim
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payment that any servicer has failed to maintain adequate loan accounting records, or to demonstrate proper ability to service loans adequately or to exercise proper credit judgment or has willfully or negligently engaged in practices otherwise detrimental to the interest of veterans or of the Government, the Secretary may refuse either temporarily or permanently to guarantee or insure any loans made by such servicer and may bar such servicer from servicing or acquiring guaranteed loans.
b Notwithstanding paragraph a of this section, but subject to 36.4328, the Secretary will not refuse to pay a guaranty or insurance claim on a guaranteed loan theretofore entered into in good faith between a veteran and such servicer.
c The Secretary may also refuse either temporarily or permanently to guarantee or insure any loans made by a lender or holder suspended, debarred, denied, or otherwise restricted from participation in FHAs insurance programs pursuant to a determination of the Secretary of Housing and Urban Development.
The Office of Management and Budget has approved the information collection requirements in this section under control number 29000515
Authority: 38 U.S.C. 3703, 3704d, 3720
FR Doc. 202111373 Filed 52721; 8:45 am BILLING CODE 832001P
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Parts 51 and 52
EPAR08OAR20210267; FRL10024
01Region 8
Clean Air Act New Source Review Operating Permit Program; Notice of Transfer of Permits to Wyoming Department of Environmental Quality Environmental Protection Agency EPA.
ACTION: Direct final rule.
AGENCY:
The EPA is granting Wyoming Department of Environmental Qualitys WDEQ August 21, 2020 request to transfer to the State administrative authority over two existing federal permits that were issued by the EPA on June 26, 1973 under the federal new source review NSR permitting program. In addition, the EPA is agreeing with WDEQs analysis in its August 21, 2020 letter demonstrating that the current Wyoming regulations still meet the requirements of the federal
SUMMARY:
E:FRFM28MYR1.SGM
28MYR1