HR 2362
VA Home Loan Awareness Act of 2025
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Bill overview
This bill aims to increase awareness of VA home loan programs by requiring lenders to include a specific disclaimer on the Uniform Residential Loan Application. The disclaimer will inform potential borrowers that they may qualify for a VA home loan if they have served in the military. Additionally, the bill directs the Government Accountability Office (GAO) to study lender compliance with this requirement.
Key provisions
- Requires lenders to include a disclaimer on the Uniform Residential Loan Application.
- The disclaimer will state that veterans may qualify for a VA home loan.
- The Director of the Federal Housing Enterprises Financial Safety and Soundness Act must issue regulations regarding the disclaimer.
- The GAO will conduct a study to assess lender compliance with the requirement.
Who is affected
- Veterans
- Lenders
- Federal Housing Enterprises
Notable changes
- Mandates a specific disclaimer on the Uniform Residential Loan Application.
- Directs the GAO to evaluate lender compliance with the new requirement.
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119th CONGRESS — 1st Session
H. R. 2362
IN THE HOUSE OF REPRESENTATIVES
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.
This Act may be cited as the VA Home Loan Awareness Act of 2025
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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:
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.
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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 or 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).