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House Bill 7811
116th Congress(2019-2020)
To amend title 38, United States Code, to provide for a reduction in loan fees for certain veterans affected by major disasters.
Introduced
Introduced
Introduced in House on Jul 29, 2020
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Introduced in House 
Jul 29, 2020
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Introduced in House(Jul 29, 2020)
Jul 29, 2020
No Linkage Found
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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H. R. 7811 (Introduced-in-House)


116th CONGRESS
2d Session
H. R. 7811


To amend title 38, United States Code, to provide for a reduction in loan fees for certain veterans affected by major disasters.

IN THE HOUSE OF REPRESENTATIVES

July 29, 2020

Mr. Cunningham (for himself and Mr. Mast) introduced the following bill; which was referred to the Committee on Veterans' Affairs

A BILL

To amend title 38, United States Code, to provide for a reduction in loan fees for certain veterans affected by major disasters.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Reducing loan fees for certain veterans affected by major disasters.

Section 3729(b)(4) of title 38, United States Code, is amended—

(1) by striking subparagraph (D), and inserting the following new subparagraph (D):

“(D) (i) The term ‘initial loan’ means a loan to a veteran guaranteed under section 3710 of this title or made under section 3711 of this title if the veteran has never obtained a loan guaranteed under section 3710 or made under section 3711 of this title.

“(ii) If a veteran has obtained a loan guaranteed under section 3710 or made under section 3711 of this title and the dwelling securing such loan was substantially damaged or destroyed by a major disaster declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5170), the Secretary shall treat as an initial loan, as defined in clause (i), the next loan the Secretary guarantees or makes to such veteran under section 3710 or 3711, respectively, if—

“(I) such loan is guaranteed or made before the date that is three years after the date on which the dwelling was substantially damaged or destroyed; and

“(II) such loan is only for repairs or construction, as determined by the Secretary.”; and

(2) in subparagraph (E), by striking “if the veteran has previously obtained a loan guaranteed under section 3710 or made under section 3711 of this title” and inserting “that is not an initial loan”.