Change Date

September 15, 2004, Change 4

This section has been changed to create subsection lettering.

a. Corrections to LGCs

An LGC with minor typographical errors that do not compromise accurate identification of the loan is valid.

Lenders and holders may not correct or alter LGCs in any way.

If an LGC contains an erroneous VA loan number, loan amount, guaranty percentage, loan date, lender name, and/or veteran’s name, return it to the appropriate VA office for corrective action.

Do not return LGCs with minor inaccuracies that do not affect accurate identification of the loan.  Example of minor inaccuracy that does not require correction:  Veteran’s name appears as John Doe rather than John H. Doe (all other identifying information is correct)

b. Replacement of Missing LGC with Duplicate

A holder may request, in writing, duplicate evidence of guaranty when the original Loan Guaranty Certificate has been lost, or destroyed, and if lost, a reasonable effort has been made to locate it.  Requests for a duplicate should include

·   a written request indicating the original LGC has been lost or destroyed

·   clear identification of the VA loan identification number, veteran and property location

·   a copy of the original note, if available

·   a copy of the original LGC, if available, and

·   a copy of the letter of assignment if the requesting lender is different from the original lender.

Duplicate LGCs are marked “Duplicate” and contain the following language:  “By using this Loan Guaranty Certificate, you agree to hold the Department of Veterans Affairs harmless from any loss by reason of the issuance of this duplicate Loan Guaranty Certificate.”