Increases from one-half of one percent to one percent of the total loan amount the fee a veteran must pay when obtaining a veterans' housing loan, loan guarantee, or loan insurance.
Requires that such fees be deposited in the Veterans Administration Loan Guaranty Revolving Fund.
Makes such increase effective for loans closed 14 days or more after enactment.
Introduced in Senate
Read twice and referred to the Committee on Veterans.
Committee on Veterans. Ordered to be reported without amendment favorably.
Committee on Veterans. Reported to Senate by Senator Simpson without amendment and an amendment to the title. With written report No. 98-366.
Committee on Veterans. Reported to Senate by Senator Simpson without amendment and an amendment to the title. With written report No. 98-366.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 721.
Considered by Senate.
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Referred to House Committee on Veterans' Affairs.
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