VA Home Loan Navigator Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The VA Home Loan Navigator Act establishes a program within the Department of Veterans Affairs to provide support services to veterans and other eligible borrowers navigating VA home loan benefits. These services include education, assistance with eligibility, counseling on the loan process, guidance on appraisal requirements, and support with loan servicing and loss mitigation. The program will be administered by designated, independent entities, ensuring transparency and preventing conflicts of interest.
Key provisions
- Establishes a program for veteran and eligible borrower support services related to VA home loans.
- Provides services such as education, eligibility assistance, counseling, and guidance on loan processes.
- Requires services to be voluntary and at no cost to the borrower.
- Designates independent, non-profit organizations to deliver services.
- Certifies individual counselors with specific training requirements.
- Imposes conflict-of-interest protections on designated entities and their employees.
- Requires disclosure of potential conflicts of interest to borrowers and the Secretary.
- Mandates an annual report evaluating the program's effectiveness.
Who is affected
- Veterans
- Eligible Borrowers
- Department of Veterans Affairs
- Mortgage Lenders
- Real Estate Professionals
Notable changes
Bill text
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Sponsors
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14 on record
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Cosponsors
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