VA Increases Maximum Allowable Attorney Fees
On November 12, the U.S. Department of Veterans Affairs (VA) announced the Federal Register contains a notice that the VA is increasing the maximum allowable attorney fees for all terminations completed on or after December 12, 2013.
DEPARTMENT OF VETERANS AFFAIRS
Loan Guaranty: Maximum Allowable Attorney Fees
AGENCY: Department of Veterans Affairs (VA).
SUMMARY: This notice provides 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. The table in this notice contains the amounts the Secretary has determined to be reasonable and customary for all States, following an annual review of amounts allowed by other government-related home loan programs.
DATES: The new maximum attorney fees will be allowed for all loan terminations completed on or after December 12, 2013.
Please click here to view the notice in its entirety.
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