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More than 250 Montana veterans were overbilled on home loans

July 3, 2019

BILLINGS, Mont. (AP) — An investigation showed that more than 250 Montana veterans were among the tens of thousands of people overcharged through the home loan program managed by Veterans Affairs.

The Billings Gazette reported Tuesday that an investigation by the VA’s office of inspector general found nearly 73,000 disabled veterans across the country were charged $286 million too much.

Veterans who qualify for disability compensation are not required to pay loan fees through the VA program, but many still paid fees ranging from 0.5% to 3.3% of the loan’s amount.

The investigation found that the overbilling continued despite VA officials learning about $150 million in overcharges at least five years ago.

Democratic U.S. Sen. Jon Tester and other lawmakers sent a letter last week asking the VA if it planned to repay veterans.

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Information from: The Billings Gazette, http://www.billingsgazette.com

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