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Public Law116th CongressHousing and Community Development
S. 1749Became Law

Protecting Affordable Mortgages for Veterans Act of 2019

This bill became law

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What it doesSummary public law (Jul 25, 2019)

Protecting Affordable Mortgages for Veterans Act of 2019

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.

What just happenedJul 25, 2019

Became Public Law No: 116-33.

Who’s behind it

Sen. Sinema, Kyrsten [D-AZ](D-AZ)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors2committees22actions1related bills3subjects
  1. Jul 25, 2019President

    Became Public Law No: 116-33.

  2. Jul 25, 2019BecameLaw36000

    Became Public Law No: 116-33.

  3. Jul 25, 2019President

    Signed by President.

  4. Jul 25, 2019BecameLaw36000

    Signed by President.

  5. Jul 15, 2019Floor

    Presented to President.

  6. Jul 15, 2019President28000

    Presented to President.

  7. Jul 9, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  8. Jul 9, 2019FloorH37100

    On passage Passed without objection. (text: CR H5289)

  9. Jul 9, 2019Floor8000

    Passed/agreed to in House: On passage Passed without objection.(text: CR H5289)

  10. Jul 9, 2019FloorH30000

    Considered by unanimous consent. (consideration: CR H5289)

  11. Jul 9, 2019DischargeH12300

    Committee on Veterans' Affairs discharged.

    Veterans' Affairs Committee
  12. Jul 9, 2019Committee5500

    Committee on Veterans' Affairs discharged.

    Veterans' Affairs Committee
  13. Jul 9, 2019DischargeH12300

    Committee on Financial Services discharged.

    Financial Services Committee
  14. Jul 9, 2019Committee5500

    Committee on Financial Services discharged.

    Financial Services Committee
  15. Jul 9, 2019FloorH30200

    Mr. Clay asked unanimous consent to discharge from committee and consider.

  16. Jun 10, 2019IntroReferralH11100

    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.

    Veterans' Affairs Committee
  17. Jun 10, 2019IntroReferralH11100

    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.

    Financial Services Committee
  18. Jun 10, 2019FloorH14000

    Received in the House.

  19. Jun 10, 2019Floor

    Message on Senate action sent to the House.

  20. Jun 5, 2019Floor

    Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote. (consideration: CR S3267; text: CR S3267)

  21. Jun 5, 2019Floor17000

    Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.(consideration: CR S3267; text: CR S3267)

  22. Jun 5, 2019IntroReferral10000

    Introduced in Senate

Public LawJul 25, 201949

Protecting Affordable Mortgages for Veterans Act of 2019

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.

Passed HouseJul 9, 201953

Protecting Affordable Mortgages for Veterans Act of 2019

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.

Introduced in SenateJun 5, 2019

Protecting Affordable Mortgages for Veterans Act of 2019

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.

Passed SenateJun 5, 201955

Protecting Affordable Mortgages for Veterans Act of 2019

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.

Protecting Affordable Mortgages for Veterans Act of 2019 — Informed