Give Veterans Home Loan Choices Act of 2016

Summary

Give Veterans Home Loan Choices A ct of 2016 This bill amends the National Housing Act to require that a Federal Housing Administration mortgage notice for a prospective borrower who is a veteran include, in addition to comparative rate and fee information about conventional loans, similar comparative information about Department of Veterans Affairs (VA) home loans. The Federal Housing Finance Agency shall direct the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to revise the uniform residential loan application by December 31, 2017, to include: (1) a check box to indicate that the applicant is a veteran; (2) the statement "If you are a veteran, you may be eligible for a VA mortgage"; and (3) a blank line for the borrower to initial and a statement that all applicants must initial the line to confirm that they have read the VA mortgage eligibility statement. The bill requires pre-separation counseling for a member of the Armed Forces who is separating from active duty to include: information on the availability of VA home loan services and housing assistance benefits, including the authority of a member to use an honorable discharge certificate as a certificate of eligibility for a VA guaranteed housing loan or to request a specific certificate of eligibility for such loan; and counseling on responsible borrowing practices.

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Timeline

1. 15 November 2016

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 15 November 2016

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 15 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 November 2016

   Introduced

   Introduced in House

   Source: IntroReferral

5. 1 December 2016

   Referred

   Referred to the Subcommittee on Military Personnel.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 November 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 November 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 November 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 November 2016

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• · hsas00 · Standing
• · hsba00 · Standing

Related records

• related to → Give Veterans Home Loan Choices Act of 2017