The Board granted the waiver of recovery of loan guaranty indebtedness in the amount of $12,161.87 plus accumulated interest as it would be against equity and good conscience to recover the debt.
The deciding factor: Recovery of the overpayment would cause undue financial hardship to the veteran, who has no income other than VA disability compensation used solely for basic necessities, and would defeat the purpose of the home loan guaranty by depriving him of his ability to provide for 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
- April 15, 2008
- Citation
- 0812500
What this means for you
A grant means the Board agreed the veteran was entitled to the benefit. Decisions like this show the kind of evidence and arguments that tend to succeed for claims like it.
What you can do next
We are not the VA. Veterans’ Rights is an independent resource built for veterans. We are not the U.S. Department of Veterans Affairs, not part of the government, and not endorsed by any government agency.
This is general information, not legal advice. For advice about your own situation, talk to a VA-accredited representative — many help for free.