VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 8 — Maturity
VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 8 — Maturity.
Verbatim regulatory text
Verbatim provisions from VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 8 — Maturity — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
VA Pamphlet 26-7, Chapter , Topic 8 — Maturity
April 10, 2009, Change 9 • This section has been updated to correct hyperlinks and make minor grammatical edits. a. Maximum Maturity • Amortized loans: 30 years and 32 days, • Nonamortized loans: 5 years. In addition, every loan must be repayable within the estimated economic life of the property securing the loan. The period for repayment of a loan is measured from the date of the note or other evidence of indebtedness. b. Maturity Extending Beyond the Maximum VA regulations provide that any amounts, which fall due beyond the maximum maturity automatically, fall due on the maximum maturity date. Thus, if a lender inadvertently makes a loan that exceeds the maximum maturity, it may still be subject to guaranty. However, the regulations also limit the amount that can be collected as a final installment, such as, they prohibit excessive ballooning. The holder of a loan that violates this provision may desire to correct the situation through means which are legally proper in the jurisdiction.
Operationalizing VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 8 — Maturity
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To work from the whole rulebook rather than this one page: download the corpus — every register on this site, verbatim, each with its source snapshot and effective date — then follow the methodology. It asks your assistant to answer only from the downloaded text, cite the register id and effective date it used, and tell you when the corpus does not cover something instead of filling the gap from memory. Running it locally also means no one sees which regulations you are looking at.
Source of record: https://claudeforcompliance.com/regs/va-m26-7-ch03-t08/
· register va-m26-7-ch03-t08 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.