A beneficiary must use the advance payment only for the improvement or structural alteration described in the application and must submit a final payment request, as defined in paragraph (b) of this section, to document such use after the construction is finished.
No payment will be made if the improvement or structural alteration has not been completed.
(ii) The total actual cost of the improvement or structural alteration, less the amount of any advance payment.
HISA benefits means a monetary payment by VA to be used for improvements and structural alterations to the home of a beneficiary in accordance with §§ 17.3100 through 17.3130.
(2) A completed and signed VA Form 10-0103, VeterApplicationtion for Assistance in Acquiring Home Improvement and Structural Alterations, including, if desired, a request for advance payment of HISA benefits.
Because the plan proposes to make $23,500 worth of payments pursuant to the monthly payment terms of the mortgage contract, petitioners argue, the plan effects no alteration of the bank's rights as the holder of that claim.
If an inspection conducted pursuant to paragraph (c)(1) of this section reveals that the improvement or structural alteration has not been completed as indicated in the final payment request, VA may take appropriate action to collect the amount of the advance payment from the beneficiary.
As data accumulates to address this question, it is critical that developers of such payment models follow key principles that are designed to ensure that such a significant alteration in the payment structures turn out to be beneficial for the recipients of care.
Ask about payment plans, whether they will store the dress for you until the wedding, alterations and whether they will provide a bag in which to transport your dress to the beach where you will be married.
It cites a $7.5 million unauthorized corporate loan guarantee for a senior officer of the company, payment of more than $1.5 million in bonuses in the 1998 fiscal year to the executives and the alteration and back-dating of long-term incentive plan documents.
(3) If the total actual cost of the improvement or structural alteration is less than the amount paid to the beneficiary as an advance payment, the beneficiary will reimburse VA for the difference between the advance payment and the total actual costs.
