S.Amdt. 2216Senate118th Congress (2023-2025)

S.Amdt. 2216

Submitted July 10, 2024

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Senate amendment submitted

July 10, 2024

Text

Submitted

SA 2216. Mr. CARDIN (for himself, Mr. Boozman, Ms. Rosen, Mr. Cruz,
Mr. Peters, Mr. Scott of Florida, Mr. Merkley, and Mr. Wyden) submitted
an amendment intended to be proposed by him to the bill S. 4638, to
authorize appropriations for fiscal year 2025 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:

At the end of subtitle H of title X, add the following:

SEC. 1095. FHA INFORMED CONSUMER CHOICE DISCLOSURE.

(a) Inclusion of Information Relating to VA Loans.--Section
203(f)(2)(A) 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 construed to require an original
lender to determine whether a prospective borrower is
eligible for any loan included in the notice required under
section 203(f) of the National Housing Act (12 U.S.C.
1709(f)).
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