MIR23A22 C31
118TH CONGRESS 1ST SESSION
S.L.C.
S. ll 2496
To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers.
IN THE SENATE OF THE UNITED STATES llllllllll Mr. CARDIN (for himself and Mr. BOOZMAN) introduced the following bill; which was read twice and referred to the Committee on llllllllll
A BILL To amend the National Housing Act to include information regarding VA home loans in the Informed Consumer Choice Disclosure required to be provided to prospective FHA borrowers. 1
Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled, 3 4
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘VA Loan Informed
5 Disclosure Act of 2023’’ or the ‘‘VALID Act of 2023’’. 6 7
SEC. 2. FHA INFORMED CONSUMER CHOICE DISCLOSURE.
(a) INCLUSION OF INFORMATION RELATING TO VA
8 LOANS.—Subparagraph (A) of section 203(f)(2) of the