VA Amends Regs on Fiduciary Activities

The Department of Veterans Affairs has published a final rule [87 FR 29671] amending its regulations that govern fiduciary activities. The amendments revise specific procedures to exempt a VA-appointed fiduciary who is also serving as a court-appointed fiduciary from posting multiple bonds and to also exempt a VA-appointed fiduciary that is also a state agency with existing, state-mandated liability insurance or a blanket bond from having to obtain an additional bond payable to the Secretary of Veterans Affairs. The rule will become effective June 15, 2022.