Department of Veterans Affairs Regulation Enforcement

To:  Congress

The Department of Veterans Affairs has a program called LAPP. Most VA home loans are processed by lenders under the LAPP program. All lenders under the program are required to follow VA regulations, to insure that veterans aren't over paying in interest and settlement Charges. And to insure the property being purchased is structurally sound, safe and sanitary. When a lender violates VA regulations the VA has the authority to sanction the lender. The problem is that the VA has no system set in place wherein a veteran can file a complaint against the lender, so that the VA may sanction them. My petition will create a program to allow veterans to file a complaint and recoup any losses they may have suffered. It will aslo save millions in tax dollars. Everytime a veteran goes into default the lender is required to contact the VA, so that the VA can offer the veteran options to cure the default. They can loan the veteran money, allow for extra time for a veteran who has suffered a hardship to get on there feet, and many more options. Lenders aren't notifying the VA, thus thousands of foreclosures happen every year. The tax payers get stuck paying the bill, when the VA has to pay the lender the loan guaranty. With this petition there would be less foreclosures saving veterans their homes and tax payers millions. For more info contact me at mandari9@aol.com

Sincerely,

The Undersigned

The Department of Veterans Affairs Regulation Enforcement Petition to Congress was created by veterans and tax payers and written by Brenda Mandarino.  This petition is hosted here at www.PetitionOnline.com as a public service. There is no express or implied endorsement of this petition by Artifice, Inc. or our sponsors. The petition scripts are created by Mike Wheeler at Artifice, Inc.  For Technical Support please use our simple Petition Help form.

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