S. 1932
119th CONGRESS 1st Session
To amend the National Housing Act and the Housing and Community Development Act of 1992 to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers and to require a military service question on the Uniform Residential Loan Application, and for other purposes.
IN THE SENATE OF THE UNITED STATES · June 3, 2025 · Sponsor: Mr. Van Hollen · Committee: Committee on Banking, Housing, and Urban Affairs
Table of contents
- SEC. 1. Short title
- SEC. 2. FHA informed consumer choice disclosure
- SEC. 3. Military service question
SEC. 1. Short title
This Act may be cited as the or "VA Loan Informed Disclosure Act of 2025" or "VALID Act of 2025".
SEC. 2. FHA informed consumer choice disclosure
(a) Inclusion of information relating to vA loans
Subparagraph (A) of section 203(f)(2) of the National Housing Act (12 U.S.C. 1709(f)(2)(A)) is amended— (1) by inserting after ; and
(2) by inserting before the semicolon the following: .
(b) Rule of construction
Nothing in the amendments made by subsection (a) shall be construed to require an original lender to determine whether a prospective borrower is eligible for any loan included in the notice required under section 203(f) of the National Housing Act (12 U.S.C. 1709(f)).
SEC. 3. Military service question
(a) In general
Subpart A of part 2 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4541 et seq.) is amended by adding at the end the following:
SEC. 1329. Uniform residential loan application Not later than 6 months after the date of enactment of this section, the Director shall require each enterprise to— (1) include a military service question on the form known as the Uniform Residential Loan Application; and
(2) position the question described in paragraph (1) above the signature line of the Uniform Residential Loan Application..
(b) Rulemaking
Not later than 6 months after the date of enactment of this Act, the Director of the Federal Housing Finance Agency shall issue a rule to carry out the amendment made by this section.