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Thousands of disabled veterans may get refunds of VA home loan fees

June 15, 2019

From the Military Times website

More than 53,000 disabled veterans may be owed refunds totaling about $189 million in home loan fees they were incorrectly charged by the Department of Veterans Affairs, according to estimates from the VA Inspector General in a report issued on the 75th anniversary of D-Day.

Auditors said they found it “troubling” that senior Veterans Benefits Administration officials were aware in October, 2014 that thousands of exempt veterans were owed refunds, but didn’t take adequate action to issue refunds.

Nearly 73,000 exempt veterans were incorrectly charged an estimated $286 million in funding fees for their VA home loans from 2012 through 2017, auditors estimated. During that period, VA issued about $97 million in refunds to 19,700 of the veterans — leaving an estimated 53,200 who may still get refunds.

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