II
119THCONGRESS
1
STSESSION S. 138
To require each enterprise to include on the Uniform Residential Loan Appli-
cation a disclaimer to increase awareness of the direct and guaranteed
home loan programs of the Department of Veterans Affairs, and for
other purposes.
IN THE SENATE OF THE UNITED STATES
JANUARY16, 2025
Mr. S
HEEHY(for himself, Mr. VANHOLLEN, Mr. CRUZ, Mr. WARNOCK, Mr.
B
UDD, Mr. WHITEHOUSE, Mr. BOOZMAN, Mr. SANDERS, Mr. CRAMER,
Mr. W
ELCH, Mr. SCHMITT, Mr. KENNEDY, Mr. TILLIS, Mr. MORENO,
Ms. R
OSEN, and Ms. KLOBUCHAR) introduced the following bill; which
was read twice and referred to the Committee on Banking, Housing, and
Urban Affairs
A BILL
To require each enterprise to include on the Uniform Resi-
dential Loan Application a disclaimer to increase aware-
ness of the direct and guaranteed home loan programs
of the Department of Veterans Affairs, and for other
purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘VA Home Loan Aware-4
ness Act of 2025’’. 5
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•S 138 IS
SEC. 2. MILITARY SERVICE QUESTION. 1
(a) I
NGENERAL.—Subpart A of part 2 of the Fed-2
eral Housing Enterprises Financial Safety and Soundness 3
Act of 1992 (12 U.S.C. 4541 et seq.) is amended by add-4
ing at the end the following: 5
‘‘SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION. 6
‘‘Not later than 6 months after the date of enactment 7
of this section, the Director shall, by regulation or order, 8
require each enterprise to include a disclaimer below the 9
military service question on the form known as the Uni-10
form Residential Loan Application stating, ‘If yes, you 11
may qualify for a VA Home Loan. Consult your lender 12
regarding eligibility.’.’’. 13
(b) GAO S
TUDY.—Not later than 18 months after 14
the date of enactment of this Act, the Comptroller General 15
of the United States shall conduct a study and submit to 16
Congress a report on whether not less than 80 percent 17
of lenders using the Uniform Residential Loan Application 18
have included on that form the disclaimer required under 19
section 1329 of the Federal Housing Enterprises Finan-20
cial Safety and Soundness Act of 1992, as added by sub-21
section (a). 22
Æ
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