Study notes. AI-assisted reference for NMLS SAFE exam prep — verify against primary sources (CFR, statute, CFPB) before relying on it. Not legal advice.
38 C.F.R. § 36.4306 (VA Cash-Out Refinancing)
regulationfederalcfrva-loansrefinancing
38 C.F.R. § 36.4306 is a federal regulation promulgated by the Department of Veterans Affairs (VA) that specifically governs VA cash-out refinancing loans. This regulation was established to implement the requirements set forth by Public Law 115-174, The Economic Growth, Regulatory Relief, and Consumer Protection Act.
The regulation outlines the specific criteria and distinctions for Type I and Type II cash-out refinancing loans, which are based on the payoff amounts of the loan being refinanced. Further details and guidance on these regulations are provided in the VA Lender's Handbook (VA Pamphlet 26-7, Revised).
Source material
- change44 chapter6 transmittal sheet
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