To require each enterprise to include on the Uniform Residential Loan Application a disclaimer to increase awareness of the direct and guaranteed home loan programs of the Department of Veterans Affairs, and for other purposes.
Sponsors
Legislative Progress
Passed SenateMr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Mr. Braun (for himself, Mr. Brown, Ms. Rosen, Mr. Van …
Summary
What This Bill Does
Requires the standard mortgage application form to include a reminder that veterans may qualify for VA home loans. The disclaimer must appear next to the military service question.
Who Benefits and How
Veterans and service members are reminded of VA loan eligibility when applying for mortgages. VA loan program gains visibility.
Who Bears the Burden and How
FHFA must issue regulation within 6 months. Lenders must update forms. GAO must study compliance.
Key Provisions
- Requires disclaimer: "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility."
- FHFA regulation required within 6 months
- GAO study on lender compliance within 18 months
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires Fannie Mae and Freddie Mac to add a VA home loan eligibility disclaimer to the Uniform Residential Loan Application to increase veteran awareness of VA loan benefits.
Policy Domains
Legislative Strategy
"Increase VA loan awareness through required form disclosure"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_director"
- → Director of FHFA
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology