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VA Form 26-8629 Printable, Fillable in PDF – In the United States, the manufactured home loan claim under loan guarantee (VA Form 26-8629) is a legal form that was made available by the Department of Veterans Affairs on October 1, 2008, and is now utilized across the nation. As of today, there are no specific filing instructions for the form offered by the department that issued it.
Instructions For Completing VA Form 26-8629
- Specify just the initial principal, excluding any discounts or additional interest, in Item 10A of the worksheet.
- The amount of interest accumulated up to the date stated in Item 9A should be included in Item 10D if the note is an interest geared note (regardless of whether it has been paid in whole or in part). The interest earned, determined using the actuarial technique (not the rule of 78s), from the date of loan disbursement to the date in Item 9A should be included here if it is a discount or add-on note.
- When a loan is secured by an interest-bearing note, enter the total amount of interest paid from the loan’s origination date to the date in Item 9A under this heading. In the event of a discount or add-on, leave the field blank.
- 10F – In the event of an interest-bearing note, indicate the amount of interest payable from the borrower in this section of the form (Item 10D minus Item 10E). A discount or addon note will have the same amount as Item 10D if the discount or addon is applied.
- Item 11B – Accrued interest from the cutoff date to the date of resale shall be due at a rate of 6 percent for loans concluded before May 8, 1984, with a maximum payment period of 60 days. Loans that were closed on or after May 8, 1984, are included. For loans completed on or after May 8, 1984, accumulated interest from the cutoff date to the date of resale will be due at a rate of 04.75 percent below the contract rate for not more than 90 days after the cutoff date.