{"id":"FED-369","kind":"order","level":"federal","jurisdiction":"United States (VA-guaranteed home loans)","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"VA, Loan Guaranty Service","authority":"CARES Act § 4022; 38 U.S.C. ch. 37","instrument":"Circular 26-20-12","title":"Extended Relief Under the CARES Act for those Affected by COVID-19","dateIssued":"2020-04-08","effective":"2020-04-08","end":"rescinded Apr. 1, 2021 (Change 1 of Sept. 9, 2020 extended it)","startDate":"2020-04-08","endDate":"2021-04-01","quarters":["2020Q2","2020Q3","2020Q4","2021Q1"],"types":["OTHER"],"addressees":["VA servicers and borrowers"],"clause":"3. Forbearance. The borrower may request an initial forbearance period of up to 180-days, [extendable for an additional 180 days]... 6. Foreclosure Moratorium. Except with respect to a vacant or abandoned property, a servicer [may not initiate any judicial or non-judicial foreclosure process, move for a foreclosure judgment or order of sale, or execute a foreclosure-related eviction or foreclosure sale for not less than the 60-day period beginning on March 18, 2020.] 7. Rescission: This Circular is rescinded April 1, 2021.","enforcement":"CARES Act § 4022; VA program requirements","functions":["SV forbearance administration and foreclosure moratorium","ML"],"notes":"VA\u0027s implementation of the CARES Act forbearance right and statutory moratorium.","sourceUrl":"https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_12.pdf","snapshot":"","fileExists":true,"fileBytes":171640,"grade":"primary","character":"","description":"","collection":"FED-B","url":"/library/FED-369","exhibitUrl":"/exhibit/FED-369","citation":"VA, Loan Guaranty Service, Circular 26-20-12 (Apr. 8, 2020) (Ex. FED-369)","stateName":"","related":["FED-368","FED-370"]}