Government Grants, Loans: Veterans Housing_Manufactured Home Loans (Post Assistance)

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Veterans Housing_Manufactured Home Loans

Veterans Housing_Manufactured Home Loans

POST ASSISTANCE REQUIREMENTS
	· Reports
		As a condition of continued guaranty coverage, the holder of the loan must notify the guaranteeing VA office of the borrower's default on installment payments or other contract terms, and of any substantive changes in the terms of the contract or the guaranty. Reporting time limitations are specified in VA regulations.
	· Audits
		VA has the right to audit loan accounting records until expiration of the guaranty.
	· Records
		Until VA ceases to be liable as the guarantor of a loan, the lender or loan holder must maintain adequate records on the amount and dates of payments received and disbursements made on guaranteed loans.

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