[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6193 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 6193

 To amend title 38, United States Code, to waive the fee for a housing 
   loan guaranteed by the Secretary of Veterans Affairs for certain 
veterans with a service-connected disability who applied for such loan 
        before receiving a disability rating from the Secretary.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 2, 2023

 Mr. Levin (for himself and Mr. Moylan) introduced the following bill; 
        which was referred to the Committee on Veterans' Affairs

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                                 A BILL


 
 To amend title 38, United States Code, to waive the fee for a housing 
   loan guaranteed by the Secretary of Veterans Affairs for certain 
veterans with a service-connected disability who applied for such loan 
        before receiving a disability rating from the Secretary.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Veterans Assistance for Loan 
Origination Relief Act'' or the ``VALOR Act''.

SEC. 2. WAIVER OF HOUSING LOAN FEE FOR CERTAIN VETERANS WITH A SERVICE-
              CONNECTED DISABILITY WHO APPLIED FOR SUCH LOAN BEFORE 
              RECEIVING A DISABILITY RATING.

    (a) Waiver.--Subsection (c)(2)(A) of section 3729 of title 38, 
United States Code, is amended by striking ``rating'' and inserting 
``examination or review, as defined by the Secretary,''.
    (b) Refund to Veteran.--The Secretary of Veterans Affairs shall 
refund any fee collected under such section before the date of the 
enactment of this Act from a veteran--
            (1) who requests such a refund; and
            (2) whom the Secretary determines, pursuant to evidence 
        submitted by the veteran, would have been eligible for a waiver 
        of such fee pursuant to the amendment made by subsection (a) if 
        the veteran obtained the housing loan after such date.
    (c) Funding Fee Refund.--The Secretary may pay to a lender, loan 
servicer, or loan holder the amount of a fee refunded under subsection 
(b) if the loan for which such fee was collected was active on the date 
on which the refund was provided. The Secretary shall require that any 
amount paid under this subsection shall be applied to the loan as a 
principal balance reduction.
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