The COVID Project
The record
- Jurisdiction
- United States (VA-guaranteed home loans)
- Level
- Federal
- Authority
- CARES Act § 4022; 38 U.S.C. ch. 37
- Issued
- 2020-04-08 Apr. 8, 2020
- Effective
- 2020-04-08
- End
- rescinded Apr. 1, 2021 (Change 1 of Sept. 9, 2020 extended it) (read as 2021-04-01)
- In force
- Apr. 8, 2020 to Apr. 1, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q1
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- VA servicers and borrowers
- Functions reached
- SV forbearance administration and foreclosure moratorium
- ML
- Collection
- Federal commerce, travel, workplace and finance layer FED-B
Operative words
3. Forbearance. The borrower may request an initial forbearance period of up to 180-days, [extendable for an additional 180 days]... 6. Foreclosure Moratorium. Except with respect to a vacant or abandoned property, a servicer [may not initiate any judicial or non-judicial foreclosure process, move for a foreclosure judgment or order of sale, or execute a foreclosure-related eviction or foreclosure sale for not less than the 60-day period beginning on March 18, 2020.] 7. Rescission: This Circular is rescinded April 1, 2021.
Enforcement
CARES Act § 4022; VA program requirements
Notes
VA's implementation of the CARES Act forbearance right and statutory moratorium.
Retrieval noteCircular dated April 8, 2020 (the VA listing shows April 9).