VA issued Circular 26-17-14 (Circular), providing clarification with respect to distance and proximity requirements for comparable sale properties used in VA appraisals. VA does not set minimum or maximum distance requirements between the subject and comparable sale properties. Rather, VA requires that “Comparable sales should be located as close to the subject as practical.” This Circular provides clarification with respect to current policy.
State Compliance Summary
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
April 1, 2025
