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Ex. FED-380 Order Primary source read

Circular 26-21-20

Forbearance Timeframe Extension for Borrowers Affected by COVID-19

VA, Loan Guaranty Service · United States (VA-guaranteed home loans) (Federal)

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The COVID Project

The record

Jurisdiction
United States (VA-guaranteed home loans)
Level
Federal
Authority
38 U.S.C. ch. 37; 38 C.F.R. § 36.4311
Issued
2021-09-29 Sept. 29, 2021
Effective
2021-09-29 (forbearance requests accepted beyond Sept. 30, 2021) (read as 2021-09-29)
End
rescinded Oct. 1, 2022 (read as 2022-10-01)
In force
Sept. 29, 2021 to Oct. 1, 2022
Quarters
2021 Q3
Limitation types
Other
Addressees
  • VA servicers and borrowers
Functions reached
  • SV
Collection
Federal commerce, travel, workplace and finance layer FED-B

Operative words

1. Background and Purpose. VA remains firmly committed to assisting borrowers who experience [financial hardship due to COVID-19]... 2. Timeframe to Request Forbearance. For borrowers who have not received a COVID-related [forbearance, servicers should continue to approve initial requests]... 3. Completion of Forbearance Periods. VA expects that all COVID-related forbearances will end not [later than...] 4. Rescission. This Circular is rescinded October 1, 2022.

Enforcement

VA program requirements

Notes

Issued on the penultimate day of 2021 Q3; the federal forbearance regime did not end with the quarter.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.