source:
  type: guide
  id: va-m26-7-ch03-t12
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 12 — Post-Guaranty
    Issues
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 12 — Post-Guaranty
    Issues.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch03-t12-full
  canonical_id: va-m26-7-ch03-t12-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 12 — Post-Guaranty
    Issues
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 3, Topic 12 — Post-Guaranty
      Issues
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 73e5d344e2743889
    fetched_at: '2026-05-23T01:53:52Z'
    content_hash: sha256:b452379ce6dbdb528896ce1d9ac9ca8a9cf03b5fab6fa9af7766dc2dc17c2bbe
    paragraph_quote: '12. Post-Guaranty Issues Change Date November 8, 2012, Change
      21 • This section has been changed to include hyperlinks. a. Corrections to
      LGCs LGCs are generated using data entered from several sources, including the
      VA Funding Fee Payment System (VA FFPS). If a lender discovers an error in reported
      data, such as date of loan closing, before they have generated the LGC, they
      must access the VA FFPS system to make the correction. This will then result
      in the correct closing date being shown when the LGC is obtained. If the error
      is discovered after the LGC has been generated, lenders will need to contact
      the appropriate VA RLC for assistance. An LGC with minor typographical errors
      that do not compromise accurate identification of the loan is valid. b. Replacement
      of Missing LGC with Duplicate A lender may obtain duplicate LGCs at any time
      simply by accessing the system and reprinting the LGC. c. Transfer of Loans
      It is not necessary to notify VA of the assignment of a guaranteed loan. d.
      Loan Assumptions The assumption of VA-guaranteed loans for which commitments
      were made on or after March 1, 1988, requires the approval of VA (or certain
      lenders on VA’s behalf). Continued on next page VA Pamphlet 26-7, Revised Chapter
      3: The VA Loan and Guaranty 3-27 12. Post-Guaranty Issues, Continued e. Paid-in-Full
      Loans Holders of VA-guaranteed loans are required to electronically report the
      date the loan was paid-in-full in the VA Loan Electronic Reporting Interface
      (VALERI) system. Lenders are required to report paid-in-full loans to VA upon
      full satisfaction of the loan by payment or otherwise. Lenders/servicers are
      not required to mail LGCs to VA when a loan is terminated. Since this information
      will now be reported through VALERI, there is no need to have the actual LGC
      returned to VA upon termination of the loan. f. Maintenance of Loan Records
      Lenders must maintain copies of all loan origination records on VA-guaranteed
      home loans for at least 2 years from the date of loan closing. Even if the loan
      is sold, the original lender must maintain these records (or legible copies)
      for the required period. Loan origination records include: • the loan application
      (including any preliminary application), • verifications of employment and deposit,
      • all credit reports (including preliminary credit reports), • copies of each
      sales contract and addendum, • letters of explanation for adverse credit items,
      discrepancies and the like, • direct references from creditors, • correspondence
      with employers, • appraisal and compliance inspection reports, • reports on
      termite and other inspections of the property, • builder change orders, and
      • all closing papers and documents. Lenders must make these records accessible
      to VA personnel conducting audit reviews.'
  judgment: false
