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VA strongly encourages servicers to implement, through December 31, 2024, a targeted foreclosure moratorium. Under this targeted moratorium, servicers are to cease initiating, continuing, and/or completing foreclosures on VA-guaranteed loans unless one or more of the following exceptions apply: a.
Specifically, VA Form 26-1820 is used by lenders to report a loan to VA for guaranty upon closing. Lenders must complete the form on every VA guaranteed, or insured loan. VA has consolidated VA Form 26-1802a and VA Form 26-0503, Federal Collection Policy Notice, into the new VA Form 26-1820.
Each active-duty Service member who applies for a VA-guaranteed home loan must be counseled through the use of VA Form 26-0592, Counseling Checklist for Military Homebuyers. VA Form 26-0592 has been updated to include information pertaining to recent changes in VA home loan policy and law.
Updates to VA Forms 26-1820 and 26-1802a Additionally, VA 26-1802a, HUD/VA Addendum to the Uniform Residential Loan Application has been discontinued.
Lenders must complete the form on every VA guaranteed, or insured loan. VA has consolidated VA Form 26-1802a and VA Form 26-0503, Federal Collection Policy Notice, into the new VA Form 26-1820. Use of the new VA Form 26-1820 is required for loans with application dates on or after February 1, 2023.
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