I
103D CONGRESS
2D SESSION
H. R. 4724
To amend title 38, United States Code, relating to veterans housing programs,
and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
JULY 12, 1994
Mr. SANGMEISTER introduced the following bill; which was referred to the
Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, relating to veterans
housing programs, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. ELIGIBILITY.
(a) RESERVISTS DISCHARGED BECAUSE OF A SERV-
ICE-CONNECTED DISABILITY.—Section 3701(b)(5)(A) of
title 38, United States Code, is amended—
(1) by inserting ‘‘(i)’’ before ‘‘who has’’; and
(2) by striking out the period at the end thereof
and inserting in lieu thereof ‘‘, or (ii) who was dis-
charged or released from the Selected Reserve before
teed, insured, or made under this chapter, and to
improve the dwelling securing such loan through en-
ergy efficiency improvements, as provided in sub-
section (d) of this section.’’.
(B) Section 3710(e)(1) of such title is amended
by inserting ‘‘or subsection (a)(11)’’ after ‘‘sub-
section (a)(8)’’.
(2) FEE.—Section 3729(a)(2)(E) of such title
is amended by inserting ‘‘3710(a)(11),’’ after
‘‘3710(a)(9)(B)(i),’’.
(b) REFINANCING ADJUSTABLE RATE MORTGAGES
TO FIXED RATE MORTGAGES.—Section 3710(e)(1)(A) of
such title is amended—
(1) by inserting ‘‘(i)’’ after ‘‘(A);
(2) by inserting ‘‘or’’ at the end of clause (i),
as designated by paragraph (1) of this subsection;
and
(3) by adding after such clause (i), the follow-
ing:
‘‘(ii) the loan bears interest at a fixed rate that
is agreed upon by the veteran and the mortgagee,
and the loan being refinanced is an adjustable rate
loan.’’.
SEC. 4. MANUFACTURED HOME LOAN INSPECTIONS.
(a) CERTIFICATION OF CONFORMITY WITH STAND-
ARDS.—Section 3712(h) of title 38, United States Code,
is amended by amending paragraph (2) to read as follows:
‘‘(2) Any manufactured housing unit properly dis-
playing a certification of conformity to all applicable Fed-
eral manufactured home construction and safety stand-
ards pursuant to section 616 of the National Manufac-
tured Housing Construction and Safety Standards Act of
1974 (42 U.S.C. 5415) shall be deemed to meet the stand-
ards required by paragraph (1) of this subsection.’’.
(b) REPEAL OF INSPECTION REQUIREMENTS.—Sec-
tion 3712(j) of such title is amended—
(1) by striking out ‘‘refuses to permit the in-
spections provided for in subsection (h) of this sec-
tion; or in the case of manufactured homes which
are determined by the Secretary not to conform to
the aforesaid standards; or where the manufacturer
of manufactured homes’’; and
(2) by striking ‘‘warranty.’’ and inserting in
lieu thereof ‘‘warranty; in the case of manufactured
homes which are determined by the Secretary not to
conform to the standards provided for in subsection
(h) of this section; or in the case of a manufacturer
who has engaged in procedures or practices deter-
mined by the Secretary to be unfair or prejudicial to
veterans or the Government.’’.
(c) ELIMINATION OF REPORTING REQUIREMENT.—
Section 3712(l) of such title is amended—
(1) by striking out ‘‘the results of inspections
required by subsection (h) of this section,’’; and
(2) by striking out ‘‘section, and’’ and inserting
in lieu thereof ‘‘section and’’.
SEC. 5. PROCEDURES ON DEFAULT.
(a) IN GENERAL.—Paragraph (7) of section 3732(c)
of title 38, United States Code, is amended—
(1) by striking out ‘‘that was the minimum
amount for which, under applicable State law, the
property was permitted to be sold at the liquidation
sale’’ in the matter preceding subparagraph (A);
(2) by striking out ‘‘the Secretary may accept
conveyance of the property to the United States for
a price not exceeding’’ and inserting in lieu thereof
‘‘(i) the amount was the minimum amount for
which, under applicable State law, the property was
permitted to be sold at the liquidation sale, the hold-
er shall have the option to convey the property to
the United States in return for payment by the Sec-
retary of an amount equal to’’;
(3) by striking out ‘‘and’’ at the end of clause
(i), as so designated by paragraph (2), and inserting
in lieu thereof ‘‘or’’;
(4) by adding after such clause (i) the follow-
ing:
‘‘(ii) there was no minimum amount for which
the property had to be sold at the liquidation sale
under applicable State law, the holder shall have the
option to convey the property to the United States
in return for payment by the Secretary of an
amount equal to the lesser of such net value or total
indebtedness; and’’; and
(5) in subparagraph (B), by striking out ‘‘para-
graph (6)(B)’’ and inserting in lieu thereof ‘‘para-
graph (6)’’.
(b) CONFORMING AMENDMENT.—Paragraph (6) of
such section is amended—
(1) by striking out ‘‘either’’; and
(2) by striking out ‘‘sale or acquires’’ and all
that follows through ‘‘(B) the’’ and inserting in lieu
thereof ‘‘sale, the’’.
SEC. 6. MINIMUM ACTIVE-DUTY SERVICE REQUIREMENT.
Section 5303A(b)(3) of title 38, United States Code,
is amended—
(1) by striking out ‘‘or’’ at the end of subpara-
graph (E);
(2) by striking out the period at the end of sub-
paragraph (F) and inserting in lieu thereof ‘‘; or’’;
and
(3) by inserting after subparagraph (F) the fol-
lowing:
‘‘(G) to benefits under chapter 37 of this
title by reason of discharge or release from ac-
tive duty as a result of a reduction in force, as
determined by the Secretary of the military de-
partment concerned in accordance with regula-
tions prescribed by the Secretary of Defense or
by the Secretary of Transportation with respect
to the Coast Guard when it is not operating as
a service in the Navy.’’.
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