Permits veterans to refinance previously guaranteed mortgage loans which are secured by homes they still own and occupy. Sets forth conditions and requirements pursuant to such loans as follows: (1) the amount of such loan may not exceed the sum of the balance of the loan being refinanced and the amount of closing costs, including discounts; (2) the guaranty amount may not exceed the original guaranty amount being refinanced; and (3) such loans may be made regardless of the outstanding guaranty entitlement for the veteran, with no further charge to such veteran's entitlement.
Introduced in House
Introduced in House
Referred to House Committee on Veterans' Affairs.
Reported to House from the Committee on Veterans' Affairs with amendment, H. Rept. 96-1165.
Reported to House from the Committee on Veterans' Affairs with amendment, H. Rept. 96-1165.
Measure called up under motion to suspend rules and pass in House.
Measure considered in House.
Passed/agreed to in House: Measure passed House, amended, roll call #431 (382-0).
Roll Call #431 (House)Measure passed House, amended, roll call #431 (382-0).
Roll Call #431 (House)Referred to Senate Committee on Veterans' Affairs.
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