LS&C Local Release 26-01-23

DEPARTMENT OF VETERANS AFFAIRS
REGIONAL OFFICE
NORRIS COTTON FEDERAL BUILDING
275 CHESTNUT STREET
MANCHESTER, NH 03101

October 19, 2001

					

							In Reply Refer to:373/26

LOCAL RELEASE 26-01-23

TO: ALL SERVICERS AND HOLDERS - FORECLOSURE DEPARTMENT

SUBJ: SOLDIERS' AND SAILORS' CIVIL RELIEF ACT OF 1940, AS AMENDED

The President has authorized the call to active military duty of as many as 50,000 National Guard and Reservists. VA is concerned that some of those called to active duty may encounter financial difficulties, similar to the many other home loan borrowers who have been affected by the tragic events of September 11, 2001. We previously requested your careful consideration of forbearance for those affected by the attacks, and would expect similar consideration for National Guard and Rservists. However, those veterans may also qualify for the special forbearance provisions of the Soldiers' and Sailors' Civil Relief Act of 1940, as amended. VA recently issued a circular providing guidance on that Act, and this letter tells about that circular and how you may obtain the information. It also provides guidance on local concerns about relief for active military members.

VBA Circular 26-01-10

On September 26, 2001, the Director of VA's Loan Guaranty Service issued a circular providing extensive guidance on the Soldiers' and Sailors' Civil Relief Act of 1940, as amended. VA is not given any special authority to enforce the Act, but is very interested in ensuring that loan holders are aware of the Act and the special protections it affords our nation's veterans on active duty.

Loan Guaranty Website

www.homeloans.va.gov

Keith C. Boerner
Loan Guaranty Officer

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