(Washington D.C.) – On Thursday, the United States Senate passed Montana Republican Senator Tim Sheehy’s bipartisan VA Home Loan Awareness Act as part of a larger package of housing legislation, the 21st Century ROAD to Housing Act.
The VA Home Loan Awareness Act will help better inform veterans of opportunities provided by the VA Home Loan program by adding a disclosure to the Uniform Residential Loan Application (URLA) informing veterans they may be eligible for a VA Home Loan, directing applicants to consult their lender for more information about the VA Home Loan program, and instructing the Government Accountability Office (GAO) to conduct a review and report to Congress on lenders’ adoption of these URLA updates.
