H.R.4724 - To amend title 38, United States Code, relating to veterans housing programs, and for other purposes.103rd Congress (1993-1994)
|Sponsor:||Rep. Sangmeister, George E. [D-IL-11] (Introduced 07/12/1994)|
|Committees:||House - Veterans' Affairs | Senate - Veterans' Affairs|
|Committee Reports:||H.Rept 103-629|
|Latest Action:||House - 10/07/1994 See H.R.5244. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Summary: H.R.4724 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (07/12/1994)
Makes eligible for the veterans' housing loan program: (1) members of the Selected Reserve discharged or released before completion of six years of service because of a service-connected disability; and (2) surviving spouses of reservists who die while on active duty.
Repeals a Federal provision prohibiting guaranteed housing loans to veterans for property not served by a public or adequate community water and sewage system.
Authorizes the Secretary of Veterans Affairs to guarantee to refinance loans of veterans making energy efficiency improvements. Allows for the charging of a guaranteed housing loan fee for such loan. Provides for the guaranteeing of refinance loans made to change a mortgage from an adjustable to a fixed rate.
Provides authority for guaranteeing loans made to purchase a manufactured home if the home displays a certification of conformity with Federal manufactured home construction and safety standards. Repeals certain inspection requirements with respect to such manufactured homes, as well as a reporting requirement concerning such inspections. Revises certain default procedures with respect to guaranteed housing loans.
Excludes from certain minimum active-duty service requirements, for purposes of eligibility for veterans' guaranteed housing loans, those veterans whose discharge or release from active duty was the result of a reduction in force.