Veterans Housing Foreclosure Assistance Act of 1983

Summary

Veterans' Housing Foreclosure Assistance Act of 1983 - Authorizes the Administrator of Veterans Affairs to make advances to the holder of a veterans' primary mortgage when such veteran: (1) is living in the dwelling concerned; (2) is unemployed or suffered a substantial reduction in household income; (3) is at least six months delinquent in payments; and (4) has a reasonable prospect of being able to resume full payments within six months. Sets limits on the amount of assistance which may be advanced. Requires the veteran to repay the advance with interest at the rate specified by the Administrator for veterans' guaranteed loans within 48 months. Makes the Administrator's decisions regarding advances final and nonreviewable. Terminates the advance program after two years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 October 1983

   Introduced

   Read twice and referred to the Committee on Veterans.

   Source: IntroReferral

2. 5 October 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 11 October 1983

   Committee

   Committee on Veterans requested executive comment from VA, OMB.

   Source: Committee

4. 6 December 1983

   Committee

   Committee on Veterans received executive comment from VA.

   Source: Committee

5. 29 February 1984

   Committee

   Committee on Veterans. Hearings held. Hearings printed: S.Hrg. 98-1048.

   Source: Committee

6. 1 March 1984

   Committee

   Committee on Veterans received executive comment from OMB.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 5 October 1983

  Open at official source

Sponsors

• Sen. Specter, Arlen [R-PA] · R · Sponsor
• · ssva00 · Standing

Related records

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