A bill to amend title 38, United States Code, to authorize reduction under certain circumstances in the downpayments required for loans made by the Veterans' Administration to finance the sales of properties acquired by the Veterans' Administration as the result of foreclosures and to clarify the calculation of available guaranty entitlement and make other technical and conforming amendments.
Veterans' Home Loan Program Emergency Amendments of 1988 - Authorizes the Veterans Administration (VA) to require down payments of less than five percent of property value to finance the sales of properties acquired as the result of foreclosures of VA-guaranteed loans, if necessary to market such properties competitively.
Introduced in Senate
Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
Message on Senate action sent to the House.
Called up by House by Unanimous Consent.
Passed/agreed to in House: Passed House by Voice Vote.
Passed House by Voice Vote.
Measure Signed in Senate.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 100-253.
Became Public Law No: 100-253.
Enacted as Public Law 100-253
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