HR 1988 · 116th Congress · Housing and Community Development
Protecting Affordable Mortgages for Veterans Act of 2019
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.(2019-07-10)
Plain Language Summary
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Protect 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1988, Protecting Affordable Mortgages for Veterans Act of 2019
Jun 6, 2019As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2019
Full CBO report ↗H.R. 1988, Protecting Affordable Mortgages for Veterans Act of 2019
Jun 6, 2019As ordered reported by the House Committee on Financial Services on May 8, 2019
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (7)
2 Democrats5 Republicans