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VA Home Loan Program Reform ActSection 2 › Proposal

The Secretary shall audit those certifications after payment

To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes, section 2, Sec. 2. Written by .

The Secretary shall audit those certifications after payment

The document says “shallWho acts: Secretary of Veterans AffairsHow: statuteSec. 2 in the PDF
What the document says

“The Secretary shall carry out, on a random-sampling basis, post-payment audits to ensure compliance with all requirements described in clause (i).”

To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes, Sec. 2

The same inserted subparagraph requires the Secretary of Veterans Affairs to run audits after payment, on a random sample, to check that the certifications were accurate.

What the document actually says

“The Secretary shall carry out, on a random-sampling basis, post-payment audits to ensure compliance with all requirements described in clause (i).”

To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes, Sec. 2
That sentence, in plain words

The VA must check some payments later. It picks them at random.

What this is about

The check comes after the money goes out. Not every payment gets checked. The VA picks some by chance.

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