H.R.2522 - Fair Access to Co-ops for Veterans Act113th Congress (2013-2014)
|Sponsor:||Rep. Maloney, Carolyn B. [D-NY-12] (Introduced 06/26/2013)|
|Committees:||House - Veterans' Affairs|
|Latest Action:||07/08/2013 Referred to the Subcommittee on Economic Opportunity.|
This bill has the status Introduced
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Summary: H.R.2522 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (06/26/2013)
Fair Access to Co-ops for Veterans Act - Revises the Department of Veterans Affairs (VA) program that guarantees veterans' loans for the purchase of residential cooperative housing to remove a provision that limits to five years after a loan is guaranteed the use of loan proceeds to purchase stock or membership in a cooperative housing corporation. Directs the Secretary of Veterans Affairs to ensure that a loan used for such purchase in a corporation that has been reviewed and approved by a lender approved by the Federal National Mortgage Association (Fannie Mae) is not denied.
Authorizes the Secretary to advertise the availability of such loan guarantees.