Veterans' Housing Amendments Act of 1985

Summary

Veterans' Housing Amendments Act of 1985 - Repeals the provisions relating to setting the interest rate on guaranteed or insured housing loans to veterans and provides that such interest rates should be negotiated between the veterans and the lender, provided the interest rates remains constant for the life of the loan. Increases to one-half of five percent of the total loan amount for Veterans Administration loan fee. Permits in the alternative a fee of one percent of the total loan amount if certain conditions are satisfied. Authorizes direct appropriations to the Loan Guarantee Revolving Fund. Repeals the provisions relating to inspecting manufactured homes purchased by veterans, and deems as meeting required standards any manufactured housing unit displaying a certificate of conformance to Federal manufactured home construction and safety standards.

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1 official file

• Introduced in House

  summary · EN · 18 April 1985

  Open at official source

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