VA Extends Rescission Date of Circular 36-19-31

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VA issued Change 1 to Circular 26-19-31 extending the rescission date from December 31, 2021, to January 1, 2024.  VA Circular 26-19-31 (Circular) provided, among other things,  guidance that explained “…the conditions under which VA permits VA fee panel appraisers to rely on information provided by another person when making appraisals for VA’s home loan guaranty program.” The Circular identified this as the Assisted Appraisal Processing Program (AAPP). 

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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