As of October 1, 2003, the USA Patriot Act requires to collect information from borrowers to confirm their identity.
The Patriot Act requires 2 forms of identification to be collected and verified by the VA mortgage home loan originator when an applicant applies for a VA loan.
Each piece of identification must meet an item on the list below.
Acceptable identification must meet the following requirements:
- The identification must contain a photo of the borrower
- The identification must contain the Borrower’s name
- The identification must contain the Borrower’s date of birth
- The identification must contain a street address (individuals only)
- In the event that the individual does not have a street address, the loan originator must collect a military P.O. Box number or street address of next of kin or another contact individual.The identification must contain a Taxpayer ID Number (Social Security Number).
For non-US citizens (conscripted members of the Armed Forces) the identification must contain a taxpayer ID number, passport number with country of issuance, alien ID card number, or other foreign-issued picture ID.
It is not necessary for each piece of identification to meet all of the requirements (per id). However, all requirements must be met with a combination of identification.
Acceptable primary forms of identification are:
- Valid Driver’s License
- Valid State issued ID card (must include photo)
- Military ID
- Social Security Card
- Passport
Acceptable secondary forms of identification are:
- Birth Certificate
- Current Utility Bill
- Medicare Card
- Student ID
- Voters Registration
- Tax Bill Receipt
- Vehicle Registration
- Credit Card