Default on Home Mortgage Loan Guaranteed by Veterans Administration
B-188814
Mar 08, 1978
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Highlights
Reconsideration was requested of indebtedness arising out of a default and foreclosure of a home mortgage loan guaranteed by the Veterans Administration (VA). The claimant, as the original obligor on the mortgage, is liable for moneys paid by the VA as a result of default and foreclosure and is not eligible for retroactive waiver of liability under 38 U.S.C. 1817(b).