AC-031 VA Invoice Requirements for Allowable Fees
NOTICE TO ALL CUSTOMERS
VA Documentation Requirement for Allowable Fees
The Department of Veterans Affairs (VA) published via Circular 26-24-19 their invoice requirements for itemized fees and charges paid by or to be paid by the veteran and the updates to State Fees and Charges Deviations List on a VA guaranteed loan effective with loans closing on or after January 1, 2025.
In Circular 26-24-19, VA calls for lenders to document the fees charged to or to be paid by the Veteran with an invoice or other similar document that clearly identifies the transaction and verifies the fees/charges noted on the Closing Disclosure (CD). In other words, all fees on the CD listed on the borrower’s column must have corresponding invoices or similar documents in order to be charged to the veteran. If the lender is unable to provide an invoice or other similar document to support the charge, the lender must provide a refund to the Veteran for the fees/charges and evidence of the refund is to be properly documented.