H.R. 232 · 102nd Congress · enacted
To amend title 38, United States Code, with respect to veterans programs for housing and memorial affairs, and for other purposes.
Became Public Law No: 102-54.
Latest official action 1991-06-13 · Enacted
The bill, briefly
Amends Federal veterans' benefits provisions to provide that, after FY 1990, the limitation on the number of homes purchased by the Secretary of Veterans Affairs for which loan guaranty defaults occurred which may be financed by a loan made by the Secretary shall cease to have effect. Provides that, as of October 1, 1990, the Secretary may sell any note evidencing such a loan with or without recourse if the amount received is not less than the unpaid balance of such loan. Repeals the current December 31, 1990 termination date of such property management provisions. Extends through December 31, 1992, current provisions relating to default procedures and the procedure for real estate appraisals to be followed by the Secretary. Directs the Secretary, no later than April 30 of each year following a year in which the Secretary authorizes lenders to determine the reasonable value of property for appraisal purposes, to report to the veterans' committees on the exercise of such authority during that year. Directs the Secretary, at the request of the Secretary of Housing and Urban Development (HUD), to certify whether an applicant for assistance under laws administered by HUD is a veteran. Provides that an applicant for a loan made, guaranteed, or insured by the Department of Veterans Affairs shall not be subject to reporting requirements applicable to requests for, or receipts of, Fed…
Congressional Research Service · 1991-05-16
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Amount spent specifically on this bill: not disclosed
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Politicians behind the bill
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27 of 27 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
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What happened after enactment?
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