80 FR 48420 - Loan Guaranty: Maximum Allowable Attorney Fees

DEPARTMENT OF VETERANS AFFAIRS

Federal Register Volume 80, Issue 155 (August 12, 2015)

Page Range		48420-48421
FR Document		2015-19771

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.

Federal Register, Volume 80 Issue 155 (Wednesday, August 12, 2015)

[Federal Register Volume 80, Number 155 (Wednesday, August 12, 2015)]
[Notices]
[Pages 48420-48421]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19771]


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DEPARTMENT OF VETERANS AFFAIRS


Loan Guaranty: Maximum Allowable Attorney Fees

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.

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).

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:

----------------------------------------------------------------------------------------------------------------
                                                                      VA non-
                                                                     judicial       VA judicial    Deed-in-lieu
                          Jurisdiction                             foreclosure 1   foreclosure 1        of
                                                                         2               2          foreclosure
----------------------------------------------------------------------------------------------------------------
Alabama.........................................................           $1325             N/A            $350
Alaska..........................................................            1600             N/A             350
Arizona.........................................................            1350             N/A             350
Arkansas........................................................            1400             N/A             350
California......................................................            1350             N/A             350
Colorado........................................................            1650             N/A             350
Connecticut.....................................................             N/A            2450             350
Delaware........................................................             N/A            1800             350
District of Columbia............................................            1200            2300             350
Florida.........................................................             N/A            2800             350
Georgia.........................................................            1325             N/A             350
Guam............................................................            1600             N/A             350
Hawaii..........................................................             N/A            2950             350
Idaho...........................................................            1150             N/A             350
Illinois........................................................             N/A            2300             350
Indiana.........................................................             N/A            2050             350
Iowa............................................................             850            1880             350
Kansas..........................................................             N/A            1800             350
Kentucky........................................................             N/A            2250             350
Louisiana.......................................................             N/A            1900             350
Maine...........................................................             N/A            2300             350
Maryland........................................................            2400             N/A             350
Massachusetts...................................................             N/A            2550             350
Michigan........................................................            1425             N/A             350
Minnesota.......................................................            1450             N/A             350
Mississippi.....................................................            1200             N/A             350
Missouri........................................................            1350             N/A             350
Montana.........................................................            1150             N/A             350
Nebraska........................................................            1150             N/A             350
Nevada..........................................................            1525             N/A             350
New Hampshire...................................................            1350             N/A             350
New Jersey......................................................             N/A            2975             350
New Mexico......................................................             N/A            2000             350
New York--Western Counties \3\..................................             N/A            2675             350
New York--Eastern Counties......................................             N/A            3475             350
North Carolina..................................................            1575             N/A             350
North Dakota....................................................             N/A            1750             350
Ohio............................................................             N/A            2250             350
Oklahoma........................................................             N/A            2000             350
Oregon..........................................................            1350            2600             350
Pennsylvania....................................................             N/A            2350             350
Puerto Rico.....................................................             N/A            2050             350
Rhode Island....................................................            1725             N/A             350
South Carolina..................................................             N/A            1650             350
South Dakota....................................................             N/A            2200             350
Tennessee.......................................................            1200             N/A             350
Texas...........................................................            1325             N/A             350
Utah............................................................            1350             N/A             350
Vermont.........................................................             N/A            2250             350
Virgin Islands..................................................             N/A            1800             350
Virginia........................................................            1350             N/A             350
Washington......................................................            1350             N/A             350
West Virginia...................................................            1150             N/A             350
Wisconsin.......................................................             N/A            2000             350

[[Page 48421]]

 
Wyoming.........................................................            1150             N/A             350
----------------------------------------------------------------------------------------------------------------
\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.

    Dated: August 6, 2015.
Michael Shores,
Chief, Impact Analyses, Office of Regulation Policy & Management, 
Office of the General Counsel, Department of Veterans Affairs.
[FR Doc. 2015-19771 Filed 8-11-15; 8:45 am]
 BILLING CODE 8320-01-P

48420 Federal Register / Vol. 80, No. 155 / Wednesday, August 12, 2015 / Notices

Approved: August 10, 2015. ACTION: Notice; correction. FOR FURTHER INFORMATION CONTACT: Mr.
Jeffrey M. Martin, Andrew Trevayne, Assistant Director for
SUMMARY: On July 31, 2015, the
Program Office Manager, Regulation Policy Loan and Property Management (261),
Department of Veterans Affairs
and Management, Office of General Counsel. Loan Guaranty Service, Department of
published a notice in the Federal
[FR Doc. 2015–19902 Filed 8–11–15; 8:45 am] Register providing information to Veterans Affairs, Washington, DC
BILLING CODE 8320–01–P participants in the Department of 20420, (202) 632–8795 (Not a toll-free
Veterans Affairs (VA) Home Loan number).
Guaranty program concerning the SUPPLEMENTARY INFORMATION: In the
DEPARTMENT OF VETERANS maximum attorney fees allowable in
AFFAIRS Federal Register of July 31, 2015, FR
calculating the indebtedness used to
Doc. # 2015–18762, the table
determine the guaranty claim payable
Loan Guaranty: Maximum Allowable representing the Secretary’s
upon loan termination (80 FR 45718).
Attorney Fees This notice contained two determination of the reasonable and
administrative errors. customary cost of legal services needs to
AGENCY: Department of Veterans Affairs be replaced with the following table:
DATES: These corrections will be
(VA). effective as of August 12, 2015.

VA non-judicial VA judicial Deed-in-lieu of
Jurisdiction foreclosure 1 2 foreclosure 1 2 foreclosure

Alabama ....................................................................................................................................... $1325 N/A $350
Alaska .......................................................................................................................................... 1600 N/A 350
Arizona ......................................................................................................................................... 1350 N/A 350
Arkansas ...................................................................................................................................... 1400 N/A 350
California ...................................................................................................................................... 1350 N/A 350
Colorado ...................................................................................................................................... 1650 N/A 350
Connecticut .................................................................................................................................. N/A 2450 350
Delaware ...................................................................................................................................... N/A 1800 350
District of Columbia ..................................................................................................................... 1200 2300 350
Florida .......................................................................................................................................... N/A 2800 350
Georgia ........................................................................................................................................ 1325 N/A 350
Guam ........................................................................................................................................... 1600 N/A 350
Hawaii .......................................................................................................................................... N/A 2950 350
Idaho ............................................................................................................................................ 1150 N/A 350
Illinois ........................................................................................................................................... N/A 2300 350
Indiana ......................................................................................................................................... N/A 2050 350
Iowa ............................................................................................................................................. 850 1880 350
Kansas ......................................................................................................................................... N/A 1800 350
Kentucky ...................................................................................................................................... N/A 2250 350
Louisiana ...................................................................................................................................... N/A 1900 350
Maine ........................................................................................................................................... N/A 2300 350
Maryland ...................................................................................................................................... 2400 N/A 350
Massachusetts ............................................................................................................................. N/A 2550 350
Michigan ....................................................................................................................................... 1425 N/A 350
Minnesota .................................................................................................................................... 1450 N/A 350
Mississippi .................................................................................................................................... 1200 N/A 350
Missouri ........................................................................................................................................ 1350 N/A 350
Montana ....................................................................................................................................... 1150 N/A 350
Nebraska ...................................................................................................................................... 1150 N/A 350
Nevada ......................................................................................................................................... 1525 N/A 350
New Hampshire ........................................................................................................................... 1350 N/A 350
New Jersey .................................................................................................................................. N/A 2975 350
New Mexico ................................................................................................................................. N/A 2000 350
New York—Western Counties 3 ................................................................................................... N/A 2675 350
New York—Eastern Counties ...................................................................................................... N/A 3475 350
North Carolina .............................................................................................................................. 1575 N/A 350
North Dakota ................................................................................................................................ N/A 1750 350
Ohio ............................................................................................................................................. N/A 2250 350
Oklahoma ..................................................................................................................................... N/A 2000 350
Oregon ......................................................................................................................................... 1350 2600 350
Pennsylvania ................................................................................................................................ N/A 2350 350
Puerto Rico .................................................................................................................................. N/A 2050 350
Rhode Island ................................................................................................................................ 1725 N/A 350
South Carolina ............................................................................................................................. N/A 1650 350
South Dakota ............................................................................................................................... N/A 2200 350
Tennessee ................................................................................................................................... 1200 N/A 350
mstockstill on DSK4VPTVN1PROD with NOTICES

Texas ........................................................................................................................................... 1325 N/A 350
Utah ............................................................................................................................................. 1350 N/A 350
Vermont ....................................................................................................................................... N/A 2250 350
Virgin Islands ............................................................................................................................... N/A 1800 350
Virginia ......................................................................................................................................... 1350 N/A 350
Washington .................................................................................................................................. 1350 N/A 350
West Virginia ................................................................................................................................ 1150 N/A 350
Wisconsin ..................................................................................................................................... N/A 2000 350

VerDate Sep<11>2014 18:16 Aug 11, 2015 Jkt 235001 PO 00000 Frm 00134 Fmt 4703 Sfmt 4703 E:\FR\FM\12AUN1.SGM 12AUN1

$Federal Register / Vol. 80, No. 155 / Wednesday, August 12, 2015 / Notices 48421 VA non-judicial VA judicial Deed-in-lieu of Jurisdiction foreclosure 1 2 foreclosure 1 2 foreclosure Wyoming ...................................................................................................................................... 1150 N/A 350 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 pre- vious 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 termi- nation. For additional requests for relief filed under each bankruptcy chapter, VA will allow an additional $250. 3 Western Counties of New York for VA are: Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orle- ans, Steuben, Wayne, Wyoming, and Yates. The remaining counties are in Eastern New York. Second, in the last sentence of the (b)(5)(ii) of section 34.4314. Change this Dated: August 6, 2015. SUPPLEMENTARY INFORMATION section of reference to section 36.4314 vs. 34.4314. Michael Shores, the published Notice, on page 1, Chief, Impact Analyses, Office of Regulation reference was made to Paragraph Policy & Management, Office of the General Counsel, Department of Veterans Affairs. [FR Doc. 2015–19771 Filed 8–11–15; 8:45 am] BILLING CODE 8320–01–P mstockstill on DSK4VPTVN1PROD with NOTICES VerDate Sep<11>2014 18:16 Aug 11, 2015 Jkt 235001 PO 00000 Frm 00135 Fmt 4703 Sfmt 9990 E:\FR\FM\12AUN1.SGM 12AUN1$

Document Created: 2016-09-27 22:26:30
Document Modified: 2016-09-27 22:26:30

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice; correction.
Dates		These corrections will be effective as of August 12, 2015.
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).
FR Citation		80 FR 48420