Protecting Affordable Mortgages for Veterans Act of 2019 became law 50 days after introduction, with one cosponsor, a Republican
IntroducedJun 5, 2019
Reported—
Passed one chamberJun 5, 2019
Passed bothJul 9, 2019
LawJul 25, 2019
What it changes · CRS summary
Written by the Congressional Research Service [2]. 97 words.
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.
Context
- Committees
- House Financial Services Committee
House Veterans' Affairs Committee - Policy area
- Housing and Community Development: 5 of 1,087 bills became law, 113th–118th (0.5%)
- Sponsor
- 4 of 131 bills enacted since 2013
- Text versions
- 5, from enrolled bill to public law · 370 words
- Subjects
- Housing finance and home ownershipInterest, dividends, interest ratesVeterans' loans, housing, homeless programs
- Latest action
- Jul 25, 2019: Became Public Law No: 116-33.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 1
Each bill appears once, under its strongest link. 1 in all.
Related, per CRS or House · 1
- 116th H.R. 1988 Protecting Affordable Mortgages for Veterans Act of 2019 D · Passed one chamber
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]