H. R. 1187
IN THE HOUSE OF REPRESENTATIVES
February 27, 2015
Mr. Zeldin (for himself, Mr. Takano, and Ms. Lofgren) introduced the following bill; which was referred to the Committee on Veterans’ Affairs
To amend title 38, United States Code, to adjust certain limits on the guaranteed amount of a home loan under the home loan program of the Department of Veterans Affairs.
Amount of loan guaranteed under home loan program of Department of Veterans Affairs
Adjustment of loan limit
Section 3703(a)(1) of title 38, United States Code, is amended—
in subparagraph (A)(i)(IV)—
the lesser of; and
or 25 percent of the loan; and
in subparagraph (C), by striking
Freddie Mac and all that follows through the period and inserting
amount of the loan..
The amendments made by this section shall apply with respect to a loan guaranteed under section 3710 of title 38, United States Code, on or after the date that is 30 days after the date of the enactment of this Act.