| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2362 |
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| 5 | 5 | | To require each enterprise to include on the Uniform Residential Loan Appli- |
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| 6 | 6 | | cation a disclaimer to increase awareness of the direct and guaranteed |
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| 7 | 7 | | home loan programs of the Department of Veterans Affairs, and for |
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| 8 | 8 | | other purposes. |
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| 9 | 9 | | IN THE HOUSE OF REPRESENTATIVES |
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| 10 | 10 | | MARCH26, 2025 |
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| 11 | 11 | | Ms. D |
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| 12 | 12 | | ELACRUZ(for herself, Mr. GREENof Texas, Mr. PFLUGER, Mr. |
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| 13 | 13 | | L |
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| 14 | 14 | | AWLER, Mr. GOODEN, Mr. FITZPATRICK, Mr. CRENSHAW, Ms. |
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| 15 | 15 | | P |
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| 16 | 16 | | ETTERSEN, Mrs. BEATTY, Mr. GOTTHEIMER, Mr. HARDERof Cali- |
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| 17 | 17 | | fornia, and Ms. R |
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| 18 | 18 | | OSS) introduced the following bill; which was referred |
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| 19 | 19 | | to the Committee on Financial Services |
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| 20 | 20 | | A BILL |
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| 21 | 21 | | To require each enterprise to include on the Uniform Resi- |
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| 22 | 22 | | dential Loan Application a disclaimer to increase aware- |
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| 23 | 23 | | ness of the direct and guaranteed home loan programs |
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| 24 | 24 | | of the Department of Veterans Affairs, and for other |
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| 25 | 25 | | purposes. |
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| 26 | 26 | | Be it enacted by the Senate and House of Representa-1 |
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| 27 | 27 | | tives of the United States of America in Congress assembled, 2 |
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| 28 | 28 | | SECTION 1. SHORT TITLE. 3 |
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| 29 | 29 | | This Act may be cited as the ‘‘VA Home Loan Aware-4 |
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| 30 | 30 | | ness Act of 2025’’. 5 |
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| 31 | 31 | | VerDate Sep 11 2014 23:14 Mar 31, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2362.IH H2362 |
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| 32 | 32 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 33 | 33 | | •HR 2362 IH |
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| 34 | 34 | | SEC. 2. MILITARY SERVICE QUESTION. 1 |
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| 35 | 35 | | (a) I |
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| 36 | 36 | | NGENERAL.—Subpart A of part 2 of the Fed-2 |
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| 37 | 37 | | eral Housing Enterprises Financial Safety and Soundness 3 |
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| 38 | 38 | | Act of 1992 (12 U.S.C. 4541 et seq.) is amended by add-4 |
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| 39 | 39 | | ing at the end the following: 5 |
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| 40 | 40 | | ‘‘SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION. 6 |
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| 41 | 41 | | ‘‘Not later than 6 months after the date of enactment 7 |
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| 42 | 42 | | of this section, the Director shall, by regulation or order, 8 |
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| 43 | 43 | | require each enterprise to include a disclaimer below the 9 |
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| 44 | 44 | | military service question on the form known as the Uni-10 |
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| 45 | 45 | | form Residential Loan Application stating, ‘If yes, you 11 |
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| 46 | 46 | | may qualify for a VA Home Loan. Consult your lender 12 |
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| 47 | 47 | | regarding eligibility.’.’’. 13 |
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| 48 | 48 | | (b) GAO S |
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| 49 | 49 | | TUDY.—Not later than 18 months after 14 |
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| 50 | 50 | | the date of enactment of this Act, the Comptroller General 15 |
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| 51 | 51 | | of the United States shall conduct a study and submit to 16 |
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| 52 | 52 | | Congress a report on whether or not less than 80 percent 17 |
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| 53 | 53 | | of lenders using the Uniform Residential Loan Application 18 |
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| 54 | 54 | | have included on that form the disclaimer required under 19 |
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| 55 | 55 | | section 1329 of the Federal Housing Enterprises Finan-20 |
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| 56 | 56 | | cial Safety and Soundness Act of 1992, as added by sub-21 |
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| 57 | 57 | | section (a). 22 |
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| 58 | 58 | | Æ |
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| 59 | 59 | | VerDate Sep 11 2014 23:14 Mar 31, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2362.IH H2362 |
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| 60 | 60 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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