US SB1749 | 2019-2020 | 116th Congress
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 25 2019 - 100% progression
Action: 2019-07-25 - Became Public Law No: 116-33. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Bipartisan Bill
Status: Passed on July 25 2019 - 100% progression
Action: 2019-07-25 - Became Public Law No: 116-33. (TXT | PDF)
Text: Latest bill text (Enrolled) [PDF]
Summary
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. modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.
Title
Protecting Affordable Mortgages for Veterans Act of 2019
Sponsors
| Sen. Kyrsten Sinema [I-AZ] | Sen. Thom Tillis [R-NC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-07-25 | Senate | Became Public Law No: 116-33. (TXT | PDF) |
| 2019-07-25 | Senate | Signed by President. |
| 2019-07-15 | Senate | Presented to President. |
| 2019-07-09 | House | Motion to reconsider laid on the table Agreed to without objection. |
| 2019-07-09 | House | On passage Passed without objection. (text: CR H5289) |
| 2019-07-09 | House | Considered by unanimous consent. (consideration: CR H5289) |
| 2019-07-09 | House | Committee on Veterans' Affairs discharged. |
| 2019-07-09 | House | Committee on Financial Services discharged. |
| 2019-07-09 | House | Mr. Clay asked unanimous consent to discharge from committee and consider. |
| 2019-06-10 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-06-10 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-06-10 | House | Received in the House. |
| 2019-06-10 | Senate | Message on Senate action sent to the House. |
| 2019-06-05 | Senate | Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote. (consideration: CR S3267; text: CR S3267) |
Same As/Similar To
HB1988 (Related) 2019-07-10 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
Subjects
Housing and community development
Housing finance and home ownership
Interest, dividends, interest rates
Veterans' loans, housing, homeless programs
Housing finance and home ownership
Interest, dividends, interest rates
Veterans' loans, housing, homeless programs
