Provides that interest rates under the loan guaranty program for veterans may exceed the interest rates specified under the National Housing Act.
Authorizes the Administrator of Veterans' Affairs independently to adjust the rate of interest on guaranteed loans after consultation with the Secretary of Housing and Urban Development.
Requires the Administrator, to the maximum extent practicable, to carry out a coordinated policy with the Secretary regarding interest rates on such loans.
Measure indefinitely postponed in Senate, H.R. 8949 passed in lieu.
Introduced in House
Introduced in House
Referred to House Committee on Veterans' Affairs.
Reported to House from the Committee on Veterans' Affairs, H. Rept. 93-348.
Reported to House from the Committee on Veterans' Affairs, H. Rept. 93-348.
Passed/agreed to in House: Measure passed House, amended, roll call #344 (411-3).
Roll Call #344 (House)Measure passed House, amended, roll call #344 (411-3).
Roll Call #344 (House)Passed/agreed to in Senate: Measure passed Senate, amended in lieu of S. 2087.
Measure passed Senate, amended in lieu of S. 2087.
Resolving differences -- House actions: House agreed to Senate amendments.
House agreed to Senate amendments.
Measure presented to President.
Enacted as Public Law 93-75
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Measure presented to President.
Signed by President.
Signed by President.
Public law 93-75.
Public law 93-75.