VALID Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1932 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1932 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 Mr. Van Hollen (for himself and Mr. Boozman) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``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 ``(i)'' after ``loan-to-value ratio''; and (2) by inserting before the semicolon the following: ``, and (ii) in connection with a loan guaranteed or insured under chapter 37 of title 38, United States Code, assuming prevailing interest rates''. (b) Rule of Construction.--Nothing in the amendments made by subsection (a) shall be co