H.R. 3720

119th CONGRESS 1st Session

To amend title 38, United States Code, to make certain improvements in the guidance provided by the Department of Veterans Affairs to lenders regarding the sufficiency of veterans’ residual income, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · June 4, 2025 · Sponsor: Ms. King-Hinds · Committee: Committee on Veterans' Affairs

Table of contents

• H.R. 3720
  • SEC. 1. Short title
  • SEC. 2. Improvement of Department of Veterans Affairs guidance to lenders on sufficiency of veterans’ residual income
  • SEC. 3. Database of adapted housing for sale
  • SEC. 4. Outreach to veterans residing in United States Territories

SEC. 1. Short title

• This Act may be cited as the or the .

SEC. 2. Improvement of Department of Veterans Affairs guidance to lenders on sufficiency of veterans’ residual income

• Section 3710(i) of title 38, United States Code, is amended—
  • in paragraph (3)(A)—
    • in clause (viii), by striking and at the end;
    • by redesignating clause (ix) as clause (x); and
      • (ix) nonprofit financial service organizations; and
    • by inserting after clause (viii) the following new clause (ix):
      • The Secretary shall coordinate with nonprofit organizations that advocate for veterans to offer financial counseling, on a voluntary basis, to veterans who are purchase homes using loans guaranteed under this chapter.
  • by adding at the end the following new paragraph:

SEC. 3. Database of adapted housing for sale

• Section 2101 of title 38, United States Code, is amended by—
  • redesignating subsection (c) as subsection (d); and
    • (c) Database
      • The Secretary shall develop a database that includes a list of residences that—
        • are for sale;
        • have been adapted for a disabled veteran under this section; and
        • the seller of which elects to include in the database.
      • The shall make such database available to a disabled veteran who is interested in purchasing a residence adapted under this section.
  • inserting after subsection (b) the following new subsection (c):

SEC. 4. Outreach to veterans residing in United States Territories

• Section 2101A of title 38, United States Code, is amended—
  • by redesignating subsection (d) as subsection (e); and
    • (d) Outreach to veterans residing in Territories
      • The Secretary shall conduct outreach to veterans who reside in Territories of the United States regarding eligibility for benefits under this section.
  • by inserting after subsection (c) the following new subsection (d):