{"id":"FED-375","kind":"order","level":"federal","jurisdiction":"United States (VA-guaranteed loans and VA REO)","state":"","metro":"","industry":"","agency":"","eco":"","issuer":"VA, Loan Guaranty Service","authority":"Executive Order 13945 § 2; 38 U.S.C. ch. 37","instrument":"Circular 26-20-40","title":"Extended Foreclosure and Eviction Relief for Borrowers Affected by COVID-19 (through Feb. 28, 2021)","dateIssued":"2020-12-28","effective":"through 2021-02-28","end":"2021-02-28 (extended by Circular 26-21-2)","startDate":"2021-02-28","endDate":"2021-02-28","quarters":["2020Q4","2021Q1"],"types":["OTHER"],"addressees":["VA servicers; REO occupants"],"clause":"1. Background and Purpose. Under Executive Order 13945, Section 2, of August 8, 2020, it is the policy [of the United States to minimize residential evictions and foreclosures] during the ongoing COVID-19 national emergency. The purpose of this Circular is to extend foreclosure [and eviction relief]. 2. Moratorium on Foreclosure and Eviction.... [properties] secured by VA-guaranteed loans but currently in VA\u0027s REO portfolio, are subject to a moratorium on foreclosure and eviction through February 28, 2021. Except with respect to a vacant or abandoned property, the moratorium applies to the initiation of foreclosures, the completion of foreclosures in process, and [evictions]. 3. This Circular replaces the following Circulars: 26-20-18...; 26-20-22...; 26-20-23...; 26-20-29...","enforcement":"VA program requirements","functions":["SV","ML","PM"],"notes":"In force Dec. 31, 2020 - Jan. 1, 2021; its paragraph 3 confirms the numbers and titles of the four 2020 circulars it replaces.","sourceUrl":"https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_40.pdf","snapshot":"","fileExists":true,"fileBytes":66495,"grade":"primary","character":"","description":"","collection":"FED-B","url":"/library/FED-375","exhibitUrl":"/exhibit/FED-375","citation":"VA, Loan Guaranty Service, Circular 26-20-40 (Dec. 28, 2020) (Ex. FED-375)","stateName":"","related":["FED-373","FED-374","FED-376"]}