VA Home Loan Awareness Act of 2023
- Last Action
- 10/25/2023
Actions
- 2023-10-25Referred to the House Committee on Financial Services.
- 2023-10-18Introduced in House
- 2023-10-18Introduced in House
CRS Summary
As of 2023-10-18 (00)
VA Home Loan Awareness Act of 2023
This bill requires Fannie Mae and Freddie Mac to include on the Uniform Residential Loan Application (i.e., Fannie Mae Form 1003/ Freddie Mac Form 65) a disclosure that (1) notifies applicants with military service that they may qualify for a Department of Veterans Affairs (VA) Home Loan, and (2) directs applicants to consult their lender regarding eligibility.
Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.
Cosponsors (20)
- Al Green (D-TX)
- Dan Crenshaw (R-TX)
- Bill Posey (R-FL)
- Andrew Ogles (R-TN)
- Lance Gooden (R-TX)
- Barry Moore (R-AL)
- PETE SESSIONS (R-TX)
- August Pfluger (R-TX)
- John Rutherford (R-FL)
- Randy Weber (R-TX)
- Jonathan Jackson (D-IL)
- Anna Paulina Luna (R-FL)
- Josh Harder (D-CA)
- Raúl Grijalva (D-AZ)
- Josh Gottheimer (D-NJ)
- Joyce Beatty (D-OH)
- Michael Lawler (R-NY)
- Wiley Nickel (D-NC)
- Marie Perez (D-WA)
- Brittany Pettersen (D-CO)
Subjects
- Congressional oversight
- Department of Veterans Affairs
- Government lending and loan guarantees
- Government studies and investigations
- Housing finance and home ownership
- Veterans' loans, housing, homeless programs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.