38 CFR Part 44 (Sanctions Against Program Participants)
38 CFR Part 44 outlines the regulations governing sanctions against participants in the va-loan-guaranty-program. This part of the Code of Federal Regulations provides the framework for the Department of Veterans Affairs (VA) to take action against lenders or other program participants who violate VA regulations or engage in practices detrimental to veterans' interests.
Specifically, engaging in Mortgage Loan Originator (MLO) or other inappropriate actions that jeopardize the VA's credibility or induce veterans into loans not in their best interest can lead to grounds for suspension from participation in the VA Loan Guaranty Program, as detailed in 38 CFR part 44 and further elaborated in Chapter 17 of the VA Lender's Handbook.
Source material
- Current_Issues
Study the full exam sections
This page is reference detail. The five SAFE exam study guides put it in context.