S 2496
VALID Act of 2023
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The VALID Act of 2023 aims to improve transparency for veterans seeking VA home loans. It requires the Federal Housing Administration (FHA) to include comparative rate and fee information about VA loans in the standard disclosure provided to prospective borrowers. This will allow veterans to better understand their loan options and compare them to other available mortgages. The bill modifies the Informed Consumer Choice Disclosure to specifically address VA loan details.
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Primary sponsor
Benjamin L. Cardin
Cosponsors
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