I 
114TH CONGRESS 
2D SESSION 
H. R. 6320 
To include information regarding VA home loans in the Informed Consumer 
Choice Disclosure required to be provided to a prospective FHA borrower 
who is a veteran, to amend title 10, United States Code, to authorize 
the provision of a certificate of eligibility for VA home loans during 
the preseparation counseling for members of the Armed Forces, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 15, 2016 
Mr. VEASEY introduced the following bill; which was referred to the Com-
mittee on Financial Services, and in addition to the Committee on Armed 
Services, for a period to be subsequently determined by the Speaker, in 
each case for consideration of such provisions as fall within the jurisdic-
tion of the committee concerned 
A BILL 
To include information regarding VA home loans in the 
Informed Consumer Choice Disclosure required to be 
provided to a prospective FHA borrower who is a vet-
eran, to amend title 10, United States Code, to authorize 
the provision of a certificate of eligibility for VA home 
loans during the preseparation counseling for members 
of the Armed Forces, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Give Veterans Home 
Loan Choices Act of 2016’’. 
SEC. 2. FHA INFORMED CONSUMER CHOICE DISCLOSURE. 
Subparagraph (A) of section 203(f)(2) of the Na-
tional Housing Act (12 U.S.C. 1709(f)(2)(A)) is amend-
ed— 
(1) by inserting ‘‘(i)’’ after ‘‘loan-to-value 
ratio’’; and 
(2) by inserting before the semicolon the fol-
lowing: ‘‘, and (ii) in the case of a prospective bor-
rower who is a veteran (as such term is defined in 
section 101 of title 38, United States Code), in con-
nection with a loan guaranteed or insured under 
chapter 37 of title 38, United States Code, assuming 
prevailing interest rates’’. 
SEC. 3. UNIFORM RESIDENTIAL LOAN APPLICATION. 
The Director of the Federal Housing Finance Agency 
shall direct the Federal National Mortgage Association 
and the Federal Home Loan Mortgage Corporation to re-
vise the Uniform Residential Loan Application developed 
by such enterprises, not later than December 31, 2017, 
by— 
(1) including in an appropriate place a check 
box for the applicant to check to indicate that the 
applicant is a veteran; 
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(2) adjacent to the matter required by para-
graph (1) and in boldface type, the following state-
ment: ‘‘If you are a veteran, you may be eligible for 
a VA mortgage.’’; and 
(3) adjacent to the matter required by para-
graph (2), a blank line for the borrower to initial, 
and a statement that all applicants must initial such 
blank line to confirm that they have read the state-
ment required by paragraph (2). 
SEC. 4. PRESEPARATION COUNSELING FOR MEMBERS OF 
THE ARMED FORCES REGARDING DEPART-
MENT OF VETERANS AFFAIRS HOME LOAN 
SERVICES AND HOUSING ASSISTANCE BENE-
FITS. 
Section 1142(b) of title 10, United States Code, is 
amended— 
(1) by redesignating paragraph (17) as para-
graph (18); and 
(2) by striking paragraph (16) and inserting 
the following new paragraphs: 
‘‘(16) Information on the availability of home 
loan services by and housing assistance benefits of 
the Department of Veterans Affairs, including the 
authority of the member— 
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‘‘(A) to use an honorable discharge certifi-
cate as a certificate of eligibility to apply for a 
guaranteed housing loan from the Department 
of Veterans Affairs; or 
‘‘(B) to request, during the preseparation 
process or after separation, a specific certificate 
of eligibility for such a loan under section 
3702(c) of title 38. 
‘‘(17) Counseling on responsible borrowing 
practices.’’. 
Æ 
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