S.Amdt. 2216Senate118th Congress (2023-2025)
S.Amdt. 2216
Sponsored by
Sen. Benjamin L. Cardin (D-MD)
Submitted July 10, 2024
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Senate amendment submitted
July 10, 2024
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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)). ______