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HR 2331 103th Congress House

To amend title 38, United States Code, to clarify the rights of veterans with regard to procedures for housing loans upon default, and for other purposes.

Introduced: June 8, 1993 See on congress.gov
Armed Forces and National Security Administrative procedureDepartment of Veterans AffairsFederally-guaranteed loansForeclosure
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Housing and Community DevelopmentLegal feesMortgage loansVeterans' loans
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 1993
Referred to the Subcommittee on Housing and Memorial Affairs.
Jun 8, 1993
Referred to the House Committee on Veterans' Affairs.
Jun 8, 1993
Introduced in House
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 Latest action June 11, 1993

Referred to the Subcommittee on Housing and Memorial Affairs.

 Plain-English summary Congressional Research Service

Revises provisions with respect to the loan default procedure for veterans' housing loans guaranteed by the Department of Veterans Affairs. Authorizes the Secretary of Veterans Affairs to reimburse the holder of the loan obligation for such advances, costs, and attorney's fees properly and reasonably incurrred in connection with the default and to receive an assignment of the loan and security. Directs the Secretary to notify the mortgagor, within ten days after receiving a notice of default from the veteran, that the Secretary may purchase the loan from the holder. Outlines notification and loan purchase requirements. Directs the Secretary to obtain and hold a quitclaim deed from the mortgagor to the Secretary for the real property securing the loan after the loan is purchased from the loan holder and before the Secretary makes any modifications to the loan instruments or grants any forbearance. Allows such unrecorded quitclaim deed to be returned to the mortgagor if the mortgagor brings the loan current and keeps it current for 12 consecutive months.

Makes permanent all such loan default procedures (currently terminated as of December 31, 1992).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Pelosi, Nancy
California · Jul 1, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2331: To amend title 38, United States Code, to clarify the rights of veterans with regard to procedures for housing loans upon default, and for other purposes.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2331/
MLA
"H.R. 2331: To amend title 38, United States Code, to clarify the rights of veterans with regard to procedures for housing loans upon default, and for other purposes.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2331/.
Bluebook (legal)
H.R. 2331, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2331/.
Markdown link
[H.R. 2331: To amend title 38, United States Code, to clarify the rights of veterans with regard to procedures for housing loans upon default, and for other purposes.](https://openamerica.io/bill/103-HR-2331/)
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