HB6193: VALOR Act Veterans Assistance for Loan Origination Relief Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend title 38, United States Code, to waive the fee for a housing loan guaranteed by the Secretary of Veterans Affairs for certain veterans with a service-connected disability who applied for such loan before receiving a disability rating from the Secretary.
Plain-language summary
This bill would waive fees that veterans normally pay when getting a home loan guaranteed by the VA (Veterans Affairs) if they applied for the loan before receiving their disability rating. The bill applies to veterans with service-connected disabilities, meaning disabilities caused by military service. It amends existing veterans law to remove this fee for a specific group of borrowers. The bill was recently introduced in Congress and is in the early stages of the legislative process.
AI-generated summary
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HB6193: VALOR Act Veterans Assistance for Loan Origination Relief Act