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HR 4042 107th Congress House

Veterans Home Loan Prepayment Protection Act of 2002

Official title: To amend title 38, United States Code, to prohibit additional daily interest charges following prepayment in full of housing loans guaranteed by the Department of Veterans Affairs.

Introduced: March 20, 2002 See on congress.gov
Armed Forces and National Security Business recordsCommerceEconomics and Public FinanceElectronic funds transfers
More subjectsShow fewer subjects
Federally-guaranteed loansFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkHousing and Community DevelopmentInterestMortgage banksMortgage loansScience, Technology, CommunicationsVeterans' loans
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 2002
Committee Hearings Held.
May 1, 2002
Referred to the Subcommittee on Benefits.
Apr 10, 2002
Sponsor introductory remarks on measure. (CR E491)
Mar 20, 2002
Referred to the House Committee on Veterans' Affairs.
Mar 20, 2002
Introduced in House
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 Latest action June 11, 2002

Committee Hearings Held.

 Plain-English summary Congressional Research Service
Veterans Home Loan Prepayment Protection Act of 2002 - Provides that the prepayment in full by a veteran of a home loan guaranteed by the Department of Veterans Affairs after enactment of this Act shall be credited on the date of its receipt at the business location of the mortgage lender and no interest may be charged thereafter. Allows such prepayment to be made by electronic funds transfer.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Simpson, Michael K.
Idaho · Mar 20, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4042: Veterans Home Loan Prepayment Protection Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-4042/
MLA
"H.R. 4042: Veterans Home Loan Prepayment Protection Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-4042/.
Bluebook (legal)
H.R. 4042, 107th Cong. (2026), https://openamerica.io/bill/107-HR-4042/.
Markdown link
[H.R. 4042: Veterans Home Loan Prepayment Protection Act of 2002](https://openamerica.io/bill/107-HR-4042/)
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