Glossary Terms

Federal Collection Policy Notice

Notice to VA home loan borrowers of actions the government can take in the event that they default on their VA-backed home loans. These include but are not limited to confiscating tax refunds and retirement benefits.

The Federal Collection Policy notice is a notice to VA home loan borrowers of actions the government can take in the event that they default on their VA-backed home loans. These include but are not limited to confiscating tax refunds and retirement benefits.