Public Law 116–33: To clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.Public Law33Public Law 116–33133 Stat. 10382019-07-252019-07-25United States Government Publishing OfficeNational Archives and Records AdministrationOffice of the Federal Registertext/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.GPO Locator to USLM Converter 4.15.31;Stage2.202507022026-01-02116publicPUBLIC LAW 116–33—JULY 25, 2019133 STAT. 1038Public Law116–33116th CongressAn ActTo clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.
July 25, 2019
[S. 1749]
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Protecting Affordable Mortgages for Veterans Act
of 2019.
12 USC 1701 note.
SECTION 1. SHORT TITLE. This Act may be cited as the “Protecting Affordable Mortgages for Veterans Act of 2019”.SEC. 2. SEASONING REQUIREMENTS FOR CERTAIN REFINANCED MORTGAGE LOANS.(a) Ginnie Mae.—Section 306(g)(1) of the National Housing Act (12 U.S.C. 1721(g)(1)) is amended by striking the second sentence.(b) Veterans Loans.—Section 3709(c) of title 38, United States Code, is amended—(1) in the matter before paragraph (1), by striking “is refinanced” and inserting “is a refinance”; and(2) by striking paragraphs (1) and (2) and inserting the following new paragraphs:“(1) the date on which the borrower has made at least six consecutive monthly payments on the loan being refinanced; and“(2) the date that is 210 days after the first payment due date of the loan being refinanced.”.133 STAT. 1039(c)
12 USC 1721 note.
Rule of Construction.—Nothing in this Act may be construed to restrict or otherwise modify the authorities of the Government National Mortgage Association.ApprovedJuly 25, 2019.LEGISLATIVE HISTORY—S. 1749 (H.R. 1988):HOUSE REPORTS: ┐No. 116–138, Pt. 1 (Comm. on Veterans’ Affairs) accompanying H.R. 1988.
CONGRESSIONAL RECORD, Vol. 165 (2019):