Makes eligible for the veterans' housing loan program: (1) members of the Selected Reserve discharged or released before completion of six years of service because of a service-connected disability; and (2) surviving spouses of reservists who die while on active duty.
Repeals a Federal provision prohibiting guaranteed housing loans to veterans for property not served by a public or adequate community water and sewage system.
Authorizes the Secretary of Veterans Affairs to guarantee to refinance loans of veterans making energy efficiency improvements. Allows for the charging of a guaranteed housing loan fee for such loan. Provides for the guaranteeing of refinance loans made to change a mortgage from an adjustable to a fixed rate.
Provides authority for guaranteeing loans made to purchase a manufactured home if the home displays a certification of conformity with Federal manufactured home construction and safety standards. Repeals certain inspection requirements with respect to such manufactured homes, as well as a reporting requirement concerning such inspections. Revises certain default procedures with respect to guaranteed housing loans.
Excludes from certain minimum active-duty service requirements, for purposes of eligibility for veterans' guaranteed housing loans, those veterans whose discharge or release from active duty was the result of a reduction in force.
Introduced in House
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported.
Reported by the Committee on Veterans' Affairs. H. Rept. 103-629.
Reported by the Committee on Veterans' Affairs. H. Rept. 103-629.
Placed on the Union Calendar, Calendar No. 342.
Mr. Montgomery moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H6503-6507)
DEBATE - The House proceeded with forty minutes of debate.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
On motion to suspend the rules and pass the bill Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and read twice and referred to the Committee on Veterans.
Committee on Veterans. Hearings held.
See H.R.5244.
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