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H.R. 6737 - Protect Affordable Mortgages for Veterans Act of 2018

Introduced: 2018-09-07
Bill Status: Ordered to be Reported by the Yeas and Nays: 49 - 0.
 
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115th CONGRESS
2d Session
H. R. 6737


    To amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.


IN THE HOUSE OF REPRESENTATIVES

September 7, 2018

    Mr. Zeldin introduced the following bill; which was referred to the Committee on Financial Services


A BILL

    To amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.

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 “Protect Affordable Mortgages for Veterans Act of 2018”.

SEC. 2. Requirements for Ginnie Mae guarantee of securities.

Paragraph (1) of section 306(g) of the National Housing Act (12 U.S.C. 1721(g)(1)) is amended by striking the second sentence (as added by section 309(b) of Public Law 115–174).


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