Protecting Affordable Mortgages for Veterans Act of 2019

Bill: 116-s-1749
Sponsor: Sen. Sinema, Kyrsten [D-AZ]
Introduced: 2019-06-05 in the Senate
Policy area: Housing and Community Development
Subjects: Housing finance and home ownership
Interest, dividends, interest rates
Veterans' loans, housing, homeless programs

Summary:
action_date: 2019-06-05
text: 

Protecting Affordable Mortgages for Veterans Act of 2019

 
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

action_date: 2019-06-05
text: 

Protecting Affordable Mortgages for Veterans Act of 2019

 
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

action_date: 2019-07-09
text: 

Protecting Affordable Mortgages for Veterans Act of 2019

 
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

action_date: 2019-07-25
text: 

Protecting Affordable Mortgages for Veterans Act of 2019

 
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.


Legislative actions:
action_date: 2019-07-25
text: Became Public Law No: 116-33.
action_date: 2019-07-25
text: Became Public Law No: 116-33.
action_date: 2019-07-25
text: Signed by President.
action_date: 2019-07-25
text: Signed by President.
action_date: 2019-07-15
text: Presented to President.
action_date: 2019-07-15
text: Presented to President.
action_date: 2019-07-09
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2019-07-09
text: On passage Passed without objection. (text: CR H5289)
action_date: 2019-07-09
text: Passed/agreed to in House: On passage Passed without objection.(text: CR H5289)
action_date: 2019-07-09
text: Considered by unanimous consent. (consideration: CR H5289)
action_date: 2019-07-09
text: Committee on Veterans' Affairs discharged.
action_date: 2019-07-09
text: Committee on Veterans' Affairs discharged.
action_date: 2019-07-09
text: Committee on Financial Services discharged.
action_date: 2019-07-09
text: Committee on Financial Services discharged.
action_date: 2019-07-09
text: Mr. Clay asked unanimous consent to discharge from committee and consider.
action_date: 2019-06-10
text: Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-06-10
text: Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2019-06-10
text: Received in the House.
action_date: 2019-06-10
text: Message on Senate action sent to the House.
action_date: 2019-06-05
text: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote. (consideration: CR S3267; text: CR S3267)
action_date: 2019-06-05
text: Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.(consideration: CR S3267; text: CR S3267)
action_date: 2019-06-05
text: Introduced in Senate

Enacted as: number: 116-33