VA Eliminates HUD/VA Addendum to Uniform Residential Loan Application

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In Circular 26-23-03 the U.S. Department of Veterans Affairs (VA) announced the elimination of the HUD/VA Addendum to Uniform Residential Loan Application (VA Form 26-1802a), as well as the Federal Collection Policy Notice (VA Form 26-0503).  The VA advises in the Circular that it has consolidated those forms into VA Form 26-1820, which is used by lenders to report a loan to VA for guaranty upon closing.

Lenders must use the new VA Form 26-1820 for loans with application dates on or after February 1, 2023, and may no longer use the eliminated forms with loans for which the new VA Form 26-1820 is used.  The VA encourages lenders to use the new VA Form 26-1820 for applications received prior to that date.  The VA reminds lenders that VA Form 26-1820 should be fully completed and executed by the borrower and co-borrower (if applicable) at the time of loan closing.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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