| VA St. Petersburg RLC Bulletin 26-07-03 |
| Friday, 09 February 2007 | |
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The St. Petersburg Regional Loan Center has released Information Bulletin 26-07-02 titled, "Loan Guaranty Matters related to Designated Disaster Areas in Alabama, Florida, Mississippi, Puerto Rico and the U.S. Virgin Islands."
The Bulletin describes steps a lender should take In order to protect veterans purchasing properties located in areas that have been declared disaster areas by the President. Specific instructions are provided for a situation where the Uniform Residential Appraisal Report is dated on or before the date of the disaster or disaster declaration, and the loan was not closed before the disaster or disaster declaration. To view the Information Bulletin in its entirety, please click here.
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