“More than 50,000 disabled veterans could be owed as much as $190 million in refunds from the Department of Veterans Affairs for home loan fees they were wrongly charged or no longer owe, an investigation has found.”
“Senior leaders knew about the problem for years but didn’t ensure veterans received what they are due, the investigation by the VA inspector general found.”
“Veterans pay the fees when they buy homes with the help of VA’s Home Loan Guaranty Program, but they are supposed to be exempt if they are disabled. Fees can total up to 3.3% of a home’s value.”
“In cases where veterans improperly paid the fees or the VA later determined they were disabled, the agency is supposed to issue refunds.”
“But the VA didn’t do that in thousands of cases dating back more than a decade because the veterans didn’t ask for the refunds.” Read the full article here.
Source: VA may owe veterans millions in refunds but knowingly hasn’t paid them for years, probe finds – By Donovan Slack, June 6, 2019. USA Today.
