H.R. 1988 · 116th Congress
Protecting Affordable Mortgages for Veterans Act of 2019
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 116th Congress ended.
D
ScottSponsor7 cosponsors · 2 D, 5 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Mar 28, 2019
- House Passed Jul 9, 2019
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made.
What it does: CRS summary · Passed House · Jul 9, 2019
Protecting Affordable Mortgages for Veterans Act of 2019
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting Affordable Mortgages for Veterans Act of 2019
Also known as: Protect Affordable Mortgages for Veterans Act of 2019
Latest action (Jul 10, 2019): Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
Policy area: Housing and Community Development · Origin: House · Introduced: Mar 28, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Mar 28, 2019
- House Passed Jul 9, 2019
No recorded floor vote found.