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VA Home Loan Awareness Act of 2025
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.
Summary
This bill requires mortgage lenders to add a disclaimer on the standard loan application form to inform military members and veterans that they may qualify for a VA Home Loan. The disclaimer would appear below the question about military service and direct applicants to consult their lender about VA home loan eligibility. The bill also requires the Government Accountability Office to study whether at least 80 percent of lenders comply with the new requirement within 18 months.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Sheehy, Tim [R-MT] (R-MT)
26 cosponsors
- Sen. Boozman, John [R-AR] (R-AR)
- Sen. Budd, Ted [R-NC] (R-NC)
- Sen. Cassidy, Bill [R-LA] (R-LA)
- Sen. Cortez Masto, Catherine [D-NV] (D-NV)
- Sen. Cramer, Kevin [R-ND] (R-ND)
- Sen. Cruz, Ted [R-TX] (R-TX)
- Sen. Gallego, Ruben [D-AZ] (D-AZ)
- Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Sen. Kelly, Mark [D-AZ] (D-AZ)
- Sen. Kennedy, John [R-LA] (R-LA)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
- Sen. Moreno, Bernie [R-OH] (R-OH)
- Sen. Ossoff, Jon [D-GA] (D-GA)
- Sen. Reed, Jack [D-RI] (D-RI)
- Sen. Ricketts, Pete [R-NE] (R-NE)
- Sen. Risch, James E. [R-ID] (R-ID)
- Sen. Rosen, Jacky [D-NV] (D-NV)
- Sen. Sanders, Bernard [I-VT] (I-VT)
- Sen. Schmitt, Eric [R-MO] (R-MO)
- Sen. Tillis, Thomas [R-NC] (R-NC)
- Sen. Van Hollen, Chris [D-MD] (D-MD)
- Sen. Warner, Mark R. [D-VA] (D-VA)
- Sen. Warnock, Raphael G. [D-GA] (D-GA)
- Sen. Welch, Peter [D-VT] (D-VT)
- Sen. Whitehouse, Sheldon [D-RI] (D-RI)
Actions (2)
- Jan 16, 2025 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. · senate
- Jan 16, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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). <all>
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