To amend title 38, United States Code, to prohibit additional daily interest charges following prepayment in full of housing loans guaranteed by the Department of Veterans Affairs.
Veterans Home Loan Prepayment Protection Act of 2003 - Provides that the prepayment in full by a veteran of a home loan guaranteed by the Department of Veterans Affairs after enactment of this Act shall be credited on the date of its receipt at the business location of the mortgage lender, and no interest may be charged thereafter. Permits prepayment through such means as cash, a cashier's check, a certified check, electronic transfer of funds, or such other means routinely accceptable for payment by the residential mortgage lender.
Introduced in House
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Benefits.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line