Veterans' Administration Housing Program Amendments of 1985

Summary

Veterans' Administration Housing Program Amendments of 1985 - Authorizes the Administrator of Veterans Affairs to provide home loan guarantees in cases in which the parties agree to abide by a qualified adjustable rate mortgage (a mortgage in which the interest rate is adjusted periodically by the lender). Specifies means of accomplishing such adjustments. States that such adjustments shall: (1) correspond to a national interest rate index; (2) be made not more often than annually; and (3) be limited to a maximum amount of increase. Provides for notification to the veteran applicant of the features of such adjustable rate mortgage. Increases the maximum amount of VA home loan guarantees.

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Timeline

1. 3 January 1985

   Introduced

   Read twice and referred to the Committee on Veterans.

   Source: IntroReferral

2. 3 January 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 January 1985

   Committee

   Committee on Veterans requested executive comment from VA, OMB.

   Source: Committee

4. 17 June 1985

   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 · 3 January 1985

  Open at official source

Sponsors

• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. DeConcini, Dennis [D-AZ] · D · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Cosponsor
• · ssva00 · Standing

Related records

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