US SB2835 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Provides additional notifications to service members regarding home loans available through the Department of Veterans Affairs (VA). The bill requires a Federal Housing Administration mortgage notice to a veteran to contain comparative rate and fee information about VA home loans. The uniform residential loan application developed by Fannie Mae and Freddie Mac must include a check box to indicate that the applicant is a veteran, the statement "If you are a veteran, you may be eligible for a VA mortgage," and a place to acknowledge such statement. Preseparation counseling for a service member prior to discharge from active duty must include information regarding the authority of a member to use an honorable discharge certificate as a certificate of eligibility for a VA guaranteed housing loan or to request a specific certificate of eligibility for such loan, and counseling on responsible borrowing practices.
Title
Access to Affordable Housing for Veterans Act of 2019
Sponsors
Sen. Jacky Rosen [D-NV] | Sen. Pat Roberts [R-KS] | Sen. Martha McSally [R-AZ] | Sen. Kevin Cramer [R-ND] |
History
Date | Chamber | Action |
---|---|---|
2019-11-12 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
Armed forces and national security
Government information and archives
Housing finance and home ownership
Veterans' loans, housing, homeless programs
Government information and archives
Housing finance and home ownership
Veterans' loans, housing, homeless programs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2835/all-info |
Text | https://www.congress.gov/116/bills/s2835/BILLS-116s2835is.pdf |