VA Home Loan Awareness Act of 2025

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 138 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                 S. 138

 To require each enterprise to include on the Uniform Residential Loan 
   Application a disclaimer to increase awareness of the direct and 
 guaranteed home loan programs of the Department of Veterans Affairs, 
                        and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 16, 2025

  Mr. Sheehy (for himself, Mr. Van Hollen, Mr. Cruz, Mr. Warnock, Mr. 
Budd, Mr. Whitehouse, Mr. Boozman, Mr. Sanders, Mr. Cramer, Mr. Welch, 
 Mr. Schmitt, Mr. Kennedy, Mr. Tillis, Mr. Moreno, Ms. Rosen, and Ms. 
  Klobuchar) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To require each enterprise to include on the Uniform Residential Loan 
   Application a disclaimer to increase awareness of the direct and 
 guaranteed home loan programs of the Department of Veterans Affairs, 
                        and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``VA Home Loan Awareness Act of 
2025''.

SEC. 2. MILITARY SERVICE QUESTION.

    (a) In General.--Subpart A of part 2 of the Federal Housing 
Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541 
et seq.) is amended by adding at the end the following:

``SEC. 1329. UNIFORM RESIDENTIAL LOAN APPLICATION.

    ``Not later than 6 months after the date of enactment of this 
section, the Director shall, by regulation or order, require each 
enterprise to include a disclaimer below the military service question 
on the form known as the Uniform Residential Loan Application stating, 
`If yes, you may qualify for a VA Home Loan. Consult your lender 
regarding eligibility.'.''.
    (b) GAO Study.--Not later than 18 months after the date of 
enactment of this Act, the Comptroller General of the United States 
shall conduct a study and submit to Congress a report on whether not 
less than 80 percent of lenders using the Uniform Residential Loan 
Application have included on that form the disclaimer required under 
section 1329 of the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992, as added by subsection (a).
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