To amend title 38, United States Code, to provide for an increase in the maximum amount of veterans' mortgage life insurance available under laws administered by the Secretary of Veterans Affairs.

Increases the maximum loan guarantee amount under the veterans' mortgage life insurance program from $90,000 to $200,000.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3575 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 3575

 To amend title 38, United States Code, to provide for an increase in 
the maximum amount of veterans' mortgage life insurance available under 
        laws administered by the Secretary of Veterans Affairs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 2009

Mr. Perriello introduced the following bill; which was referred to the 
                     Committee on Veterans' Affairs

_______________________________________________________________________

                                 A BILL


 
 To amend title 38, United States Code, to provide for an increase in 
the maximum amount of veterans' mortgage life insurance available under 
        laws administered by the Secretary of Veterans Affairs.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN MAXIMUM AMOUNT OF VETERANS' MORTGAGE LIFE 
              INSURANCE.

    (a) Increase.--Section 2106(b) of title 38, United States Code, is 
amended by striking ``$90,000'' and inserting ``$200,000''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply with respect to insurance provided on or after October 1, 2011.
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