VA Home Loan Awareness Act of 2023
- Last Action
- 7/15/2024
Actions
- 2024-07-15Held at the desk.
- 2024-07-15Received in the House.
- 2024-07-12Message on Senate action sent to the House.
- 2024-07-11Passed Senate without amendment by Unanimous Consent. (text: CR S5147)
- 2024-07-11Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- 2024-07-11Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S5147)
- 2024-07-11Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- 2024-03-12Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-548.
- 2023-10-18Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 2023-10-18Introduced in Senate
CRS Summary
As of 2024-07-11 (55)
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)
- Sherrod Brown (D-OH)
- Jacklyn Rosen (D-NV)
- Chris Van Hollen (D-MD)
- Kyrsten Sinema (I-AZ)
- Ted Budd (R-NC)
- Bernard Sanders (I-VT)
- Amy Klobuchar (D-MN)
- Sheldon Whitehouse (D-RI)
- Thomas Tillis (R-NC)
- Mark Kelly (D-AZ)
- Marco Rubio (R-FL)
- Raphael Warnock (D-GA)
- John Reed (D-RI)
- Angus King (I-ME)
- Peter Welch (D-VT)
- Tina Smith (D-MN)
- John Fetterman (D-PA)
- John Kennedy (R-LA)
- John Hickenlooper (D-CO)
- Rick Scott (R-FL)
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.