WBK Industry News - Federal Regulatory Developments

VA Provides Extended Relief Under CARES Act for Those Affected by COVID-19

VA issued Circular 26-20-12, Change 1 that modifies parts of Circular 26-20-12 by clarifying the loan modification option, VA purchase option, and removes a reference to a lump sum payment. Additionally, Circular 26-20-12, Change 1 extends Circular 20-20-12 from a rescission date of April 1, 2021 to July 1, 2021.