VALID Act of 2025

IntroducedJune 3, 2025

In Committee1 year ago

Intro

Senate

House

Pres

In the Senate Banking, Housing, and Urban Affairs Committee.

Most bills stop here and never get a vote.

Housing and Community Development

Why This Matters

The VA Loan Informed Disclosure Act of 2025 requires lenders to tell FHA (Federal Housing Administration) loan applicants about VA (Department of Veterans Affairs) home loan options and adds a question about military service to the standard mortgage application form.

Who this affects

prospective homebuyers · mortgage lenders

What this bill changes

1Updates the Informed Consumer Choice Disclosure given to FHA (Federal Housing Administration) borrowers to include information about VA (Department of Veterans Affairs) home loans and compare rates.
2Clarifies that lenders do not have to determine whether a borrower is eligible for any loan listed in the disclosure.
3Requires the Uniform Residential Loan Application form to include a question about military service placed above the signature line.

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Last changed 1 month ago · checked hourly

VALID Act of 2025

IntroducedJune 3, 2025

In Committee1 year ago

Intro

Senate

House

Pres

In the Senate Banking, Housing, and Urban Affairs Committee.

Most bills stop here and never get a vote.

Housing and Community Development

Why This Matters

Who this affects

prospective homebuyers · mortgage lenders

What this bill changes

1Updates the Informed Consumer Choice Disclosure given to FHA (Federal Housing Administration) borrowers to include information about VA (Department of Veterans Affairs) home loans and compare rates.
2Clarifies that lenders do not have to determine whether a borrower is eligible for any loan listed in the disclosure.
3Requires the Uniform Residential Loan Application form to include a question about military service placed above the signature line.

Go deeper

Read full document

Last changed 1 month ago · checked hourly