Rules in November 2024 Release

Invoices for Itemized Fees and Charges

Other than the VA Funding Fee, lenders must support the amount charged to the Veteran with an invoice or other document that clearly identifies the transaction and verifies the fee and associated charge. In (State Abbr.), Lenders may not charge the Veteran more than the actual amount charged for the fee or service performed and may not charge the Veteran for services paid for by another party. The invoice requirement does not apply to fees included in the lender's 1%. The invoice requirement does not apply to fees in the "Seller-Paid" or "Paid by Others" columns on the Closing Disclosure. (VA Circular 26-24-19; 38 USC 3729; 38 CFR 36.4313)

VA State Fees and Charges Deviations List

(State Abbr.) is a state with fees on the VA State Fees and Charges Deviations List. The Veteran may pay reasonable and customary amounts for fees and charges, provided they are supported by an invoice. Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. The invoice requirement does not apply to fees included in the lender's 1% or to the VA Funding Fee. The invoice requirement does not apply to fees in the "Seller-Paid" or "Paid by Others" columns on the Closing Disclosure. VA recognizes certain government mandated fees do not have an invoice. These fees, specifically identified on the State Fees and Charges Deviations List, do not require an invoice, but the lender may not charge more than the amount listed. (VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Verification Fee Excluded from VA 1% (State Fee Deviation Sheet)(1001280)

This loan contains a Verification Fee of ($_) paid by a borrower. Under VA Guidelines for (State Abbr.), a veteran can exclude a charge for a Verification Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Closing Protection Letter Excluded from VA 1% (State Fee Deviation Sheet)(1001280)

This loan contains a Closing Protection Letter Fee of ($_)paid by a borrower. Under VA Guidelines for (State Abbr.), a veteran can exclude a charge for a Closing Protection Letter Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Municipal Lien Fee Excluded from VA 1% (State Fee Deviation Sheet)(1001280)

This loan contains a Municipal Lien Fee of ($_) paid by a borrower. Under VA Guidelines for (State Abbr.), a veteran can exclude a charge for a Municipal Lien Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Title Endorsement Fee Excluded from VA 1% (State Fee Deviation Sheet)(NY)(1001280)

This loan contains a Title Endorsement Fee of ($_) paid by a borrower. Under VA Guidelines for (State Abbr.), a veteran can exclude a charge for a Title Endorsement Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Settlement/Closing Fee Excluded from VA 1% (State Fee Deviation Sheet)(IL)(1001400)

This loan contains a Settlement or Closing Fee of ($_) paid by a borrower. Under VA Guidelines for Illinois, a veteran can exclude a charge for a Settlement or Closing Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)

Settlement/Closing Fee Excluded from VA 1% (State Fee Deviation Sheet)(IL)(1001400)

This loan contains a Settlement or Closing Fee of ($_) paid by a borrower. Under VA Guidelines for Illinois, a veteran can exclude a charge for a Settlement or Closing Fee from the "unallowable fees". Veterans may not be charged more than the invoiced amount or for services already paid for by another party. Lenders are responsible for ensuring the amount charged is compliant with any state maximums. (38 CFR 36.4313; VA Circular 26-24-19; VA State Fees and Charges Deviations Change Sheet)