The Board has denied the veteran's request for a waiver of recovery of the loan guaranty indebtedness in the amount of $10,282.16, plus accrued interest due to fault on the part of the veteran and lack of undue hardship.
The deciding factor: The decision was based on the finding that the veteran had defaulted on the property securing the VA guaranteed loan and did not take any steps to mitigate the default or ameliorate the amount of the indebtedness. The Board concluded that recovery would not be against equity and good conscience as it did not deprive the veteran or his spouse of basic necessities.
- Claimed conditions
- Not specified in this decision
- How they argued it
- Not specified
- Exposure basis
- None
- Rating assigned
- None in this decision
- Decision date
- July 27, 2000
- Citation
- 0019745
This is a plain-language summary generated by AI from a public Board of Veterans’ Appeals decision. It can contain errors — always verify against the original. Look up the original decision on VA.gov (opens in a new tab) using citation 0019745.
What this means for you
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