A bill to amend title 38, United States Code, to make permanent the authority of the Secretary of Veterans Affairs to guarantee adjustable rate mortgages, to authorize the guarantee of hybrid adjustable rate mortgages, and for other purposes.

Summary

Authorizes the Secretary of Veterans Affairs to guarantee adjustable rate mortgages for veterans eligible for housing loan benefits through the Department of Veterans Affairs (replaces provisions that directed the Secretary to carry out a demonstration project to guaranty loans in a manner similar to the manner in which the Secretary of Housing and Urban Development insured adjustable rate mortgages under the National Housing Act). Includes within such guaranteed mortgages hybrid adjustable rate mortgages (mortgages whose interest rates are adjusted after as few as three years) which do not correspond to a specified national interest rate index approved by the Secretary.

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

Timeline

1. 23 April 2002

   Introduced

   Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S3170)

   Source: IntroReferral

2. 23 April 2002

   Introduced

   Sponsor introductory remarks on measure. (CR S3169-3170)

   Source: IntroReferral

3. 23 April 2002

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 April 2002 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 April 2002

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 April 2002

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 23 April 2002

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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

• Sen. Specter, Arlen [R-PA] · R · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Craig, Larry E. [R-ID] · R · Cosponsor
• · ssva00 · Standing

Related records

• related to ← Veterans Benefits Improvement Act of 2002