HR 5979
118th Congress
House
Housing and Community Development
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
VA Home Loan Awareness Act of 2023
Introduced: October 18, 2023
Introduced by:
De La Cruz, Monica
Republican
· Texas
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 25, 2023
Referred to the House Committee on Financial Services.
Oct 18, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1