Veterans' Benefits Improvements Act of 1997

Summary

Veterans' Housing Loan Improvements Act of 1997 - Amends Federal veterans' benefits provisions to provide a table of fees, expressed in terms of a percentage of the total loan, to be charged to active-duty veterans, reservists, and other veterans for housing loans made, guaranteed, or insured by the Department of Veterans Affairs. Repeals Federal provisions which: (1) limit to loans closed before October 1, 1998, certain loan default procedures; (2) prohibit the Secretary of Veterans Affairs from guaranteeing the payment of principal and interest on certificates or other securities representing an interest in veterans' mortgage loans if such certificates are issued or approved after December 31, 1997; (3) prohibit the withholding of payments and benefits to veterans or their spouses due to liability for mortgage loans made to such veterans; and (4) provide for a veterans' direct loan revolving fund, a loan guaranty revolving fund, and a guaranty and indemnity fund. Establishes in the Treasury the Veterans Housing Benefit Program Fund for use in all veterans' housing loan operations. Extends through FY 1999 the Native American Veteran housing loan pilot program.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 10 November 1997

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• Reported to Senate (PDF)

  Reported to Senate · EN · 10 November 1997

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• Reported to Senate with amendment(s)

  summary · EN · 10 November 1997

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• Introduced in Senate (text)

  Introduced in Senate · EN · 7 July 1997

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 July 1997

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• Introduced in Senate

  summary · EN · 7 July 1997

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