Protecting Affordable Mortgages for Veterans Act of 2019

United States116th CongressHR-1988House of Representatives
Updated: Jul 10, 2019

Summary

Protecting Affordable Mortgages for Veterans Act of 2019 This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

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Timeline

Latest companion bill action

S-1749: Protecting Affordable Mortgages for Veterans Act of 2019

Signed by President.

  1. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5274)

    House of Representatives

  2. Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5274)

  3. Motion to reconsider laid on the table Agreed to without objection.

    House of Representatives

  4. Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.

    Senate