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VA Home Loan Awareness Act of 2025

USA119th CongressS-138| Senate 
| Updated: 1/16/2025
Tim Sheehy

Tim Sheehy

Republican Senator

Montana

Cosponsors (26)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Ruben Gallego (Democratic)Jon Ossoff (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jack Reed (Democratic)James E. Risch (Republican)Eric Schmitt (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)John W. Hickenlooper (Democratic)John Boozman (Republican)Sheldon Whitehouse (Democratic)Jacky Rosen (Democratic)Ted Cruz (Republican)Chris Van Hollen (Democratic)Kevin Cramer (Republican)John Kennedy (Republican)Bernard Sanders (Independent)Peter Welch (Democratic)Raphael G. Warnock (Democratic)Bernie Moreno (Republican)Pete Ricketts (Republican)Mark Kelly (Democratic)Ted Budd (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This legislation aims to enhance awareness of the Department of Veterans Affairs' direct and guaranteed home loan programs among potential applicants. It mandates that each enterprise, likely referring to government-sponsored enterprises, incorporate a specific disclaimer on the Uniform Residential Loan Application (URLA) below the military service question. The required disclaimer, stating "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility," must be implemented by regulation or order within six months of the bill's enactment. To ensure compliance, the bill directs the Comptroller General to conduct a study and report to Congress within 18 months , assessing if at least 80 percent of lenders are using the new disclaimer.
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Timeline

Bill from Previous Congress

S 118-3068
VA Home Loan Awareness Act of 2023
Jan 16, 2025
Introduced in Senate
Jan 16, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 26, 2025

Latest Companion Bill Action

HR 119-2362
Introduced in House
  • Bill from Previous Congress

    S 118-3068
    VA Home Loan Awareness Act of 2023


  • January 16, 2025
    Introduced in Senate


  • January 16, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 26, 2025

    Latest Companion Bill Action

    HR 119-2362
    Introduced in House

Housing and Community Development

Related Bills

  • HR 119-2362: VA Home Loan Awareness Act of 2025
Congressional oversightDepartment of Veterans AffairsGovernment lending and loan guaranteesGovernment studies and investigationsHousing finance and home ownershipVeterans' loans, housing, homeless programs

VA Home Loan Awareness Act of 2025

USA119th CongressS-138| Senate 
| Updated: 1/16/2025
This legislation aims to enhance awareness of the Department of Veterans Affairs' direct and guaranteed home loan programs among potential applicants. It mandates that each enterprise, likely referring to government-sponsored enterprises, incorporate a specific disclaimer on the Uniform Residential Loan Application (URLA) below the military service question. The required disclaimer, stating "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility," must be implemented by regulation or order within six months of the bill's enactment. To ensure compliance, the bill directs the Comptroller General to conduct a study and report to Congress within 18 months , assessing if at least 80 percent of lenders are using the new disclaimer.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 118-3068
VA Home Loan Awareness Act of 2023
Jan 16, 2025
Introduced in Senate
Jan 16, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 26, 2025

Latest Companion Bill Action

HR 119-2362
Introduced in House
  • Bill from Previous Congress

    S 118-3068
    VA Home Loan Awareness Act of 2023


  • January 16, 2025
    Introduced in Senate


  • January 16, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.


  • March 26, 2025

    Latest Companion Bill Action

    HR 119-2362
    Introduced in House
Tim Sheehy

Tim Sheehy

Republican Senator

Montana

Cosponsors (26)
Bill Cassidy (Republican)Margaret Wood Hassan (Democratic)Ruben Gallego (Democratic)Jon Ossoff (Democratic)Catherine Cortez Masto (Democratic)Thomas Tillis (Republican)Jack Reed (Democratic)James E. Risch (Republican)Eric Schmitt (Republican)Mark R. Warner (Democratic)Amy Klobuchar (Democratic)John W. Hickenlooper (Democratic)John Boozman (Republican)Sheldon Whitehouse (Democratic)Jacky Rosen (Democratic)Ted Cruz (Republican)Chris Van Hollen (Democratic)Kevin Cramer (Republican)John Kennedy (Republican)Bernard Sanders (Independent)Peter Welch (Democratic)Raphael G. Warnock (Democratic)Bernie Moreno (Republican)Pete Ricketts (Republican)Mark Kelly (Democratic)Ted Budd (Republican)

Banking, Housing, and Urban Affairs Committee

Housing and Community Development

Related Bills

  • HR 119-2362: VA Home Loan Awareness Act of 2025
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightDepartment of Veterans AffairsGovernment lending and loan guaranteesGovernment studies and investigationsHousing finance and home ownershipVeterans' loans, housing, homeless programs