Bill
Bill > HR7811
US HR7811
US HR7811To amend title 38, United States Code, to provide for a reduction in loan fees for certain veterans affected by major disasters.
summary
Introduced
07/29/2020
07/29/2020
In Committee
10/06/2020
10/06/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A BILL To amend title 38, United States Code, to provide for a reduction in loan fees for certain veterans affected by major disasters. 1
AI Summary
This bill amends Title 38 of the United States Code to provide for a reduction in loan fees for certain veterans affected by major disasters. Specifically, the bill defines an "initial loan" to include the next loan guaranteed or made to a veteran if the veteran's previous dwelling was substantially damaged or destroyed by a major disaster, as long as the new loan is obtained within three years and is only for repairs or construction. The bill also clarifies that the loan fee reduction applies to loans that are not considered "initial loans."
Committee Categories
Business and Industry, Military Affairs and Security
Sponsors (2)
Last Action
Referred to the Subcommittee on Economic Opportunity. (on 10/06/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/7811/all-info |
| BillText | https://www.congress.gov/116/bills/hr7811/BILLS-116hr7811ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7811/BILLS-116hr7811ih.pdf.pdf |
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