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The Crossroads of Special Operations

Sunday, May 16, 2021

When will these disabled veterans get millions of dollars in refunds? | Military Times

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Lawmakers have asked the Veterans Affairs department for a detailed schedule for repaying millions of dollars in refunds to disabled veterans who were erroneously charged home loan fees.

In a June 6 report issued by the VA Inspector General, auditors stated an estimated 72,900 exempt veterans were incorrectly charged an estimated $286 million in funding fees for their VA home loans from 2012 through 2017. Veterans are exempt from paying a funding fee if they’re entitled to receive VA disability compensation. During that period, VA issued about $97 million in refunds to 19,700 of those veterans, leaving an estimated 53,200 who may still get refunds.

 

Source: When will these disabled veterans get millions of dollars in refunds? | Military Times

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