Protecting Veterans from Predatory Lending Act of 2018

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R TillisSponsor

13 cosponsors · 7 D, 6 R

11 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

A refinanced home loan may not be guaranteed by the Department of Veterans Affairs (VA) unless: (1) a specified minimum time period has passed between the original loan and the refinancing; and (2) the lender complies with provisions related to fee recoupment, mortgage interest rates, and net tangible benefit tests.

What it does: CRS summary · Introduced in Senate · Jan 11, 2018

Protecting Veterans from Predatory Lending Act of 2018

The bill establishes mortgage loan protections for veterans.

The National Housing Act is amended to prohibit the Government National Mortgage Association (Ginnie Mae) from guaranteeing a new refinanced VA loan until the later of: (1) 210 days after the first loan payment, or (2) the sixth monthly loan payment.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Protecting Veterans from Predatory Lending Act of 2018

Latest action (Jan 11, 2018): Read twice and referred to the Committee on Veterans' Affairs.

Policy area: Armed Forces and National Security · Origin: Senate · Introduced: Jan 11, 2018

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.