38 CFR 36.4355 - Loans, first, second, or unsecured.

§ 36.4355 Loans, first, second, or unsecured.
Loans for the purchase of real property or a leasehold estate as limited in the regulations concerning guaranty or insurance of loans to veterans, or for the alteration, improvement, or repair thereof, and for more than $1,500 and more than 40 percent of the reasonable value of such property or estate prior thereto shall be secured by a first lien on the property or estate. Loans for such alteration, improvement, or repairs for more than $1,500 but 40 percent or less of the prior reasonable value of the property shall be secured by a lien reasonable and customary in the community for the type of alteration, improvement, or repair financed. Those for $1,500 or less need not be secured, and in lieu of the title examination the lender may accept a statement from the borrower that he or she has an interest in the property not less than that prescribed in § 36.4854(a).

Title 38 published on 2014-07-01.

No entries appear in the Federal Register after this date, for 38 CFR Part 36.

Title 38 published on 2014-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 38 CFR Part 36 after this date.

  • 2015-01-29; vol. 80 # 19 - Thursday, January 29, 2015
    1. 80 FR 4812 - Loan Guaranty: Adjustable Rate Mortgage Notification Requirements and Look-Back Period
      GPO FDSys XML | Text
      Proposed rule.
      Comments must be received by VA on or before March 30, 2015.
      38 CFR Part 36