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HR 1988

Title: Protecting Affordable Mortgages for Veterans Act of 2019
Author: Rep. David Scott (D-GA)

Summary
...This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.</p>

Status
Introduced in House 03/28/2019
Introduced in House 03/28/2019
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 03/28/2019
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 03/28/2019
Referred to the Subcommittee on Economic Opportunity. 05/01/2019
Subcommittee Consideration and Mark-up Session Held. 05/01/2019
Forwarded by Subcommittee to Full Committee by Voice Vote . 05/01/2019
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I. 07/09/2019
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I. 07/09/2019
Ms. Waters moved to suspend the rules and pass the bill, as amended. 07/09/2019
Considered under suspension of the rules. (consideration: CR H5274-5276) 07/09/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 1988. 07/09/2019
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5274) 07/09/2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5274) 07/09/2019
Motion to reconsider laid on the table Agreed to without objection. 07/09/2019
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143. 07/10/2019

Bill Text
07/10/2019 - HR 1988 (Placed+on+Calendar+Senate) 07/09/2019 - HR 1988 (Engrossed+in+House) 03/28/2019 - HR 1988 (Introduced+in+House)

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Author Details


    Rep. David Scott (D-GA)
    U.S. Representative

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    Capital Address:
    225 Cannon House Office Building

    Washington, DC 20515-1013
    Phone: (202) 225-2939

    District Address:
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    Jonesboro, GA 30236
    Phone: (770) 210-5073
    Fax: (770) 210-5673