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S02229 Summary:

BILL NOS02229
 
SAME ASSAME AS A00633
 
SPONSORSANDERS
 
COSPNSR
 
MLTSPNSR
 
Rpld & add §6-p, Bank L; amd §354-f, Exec L; amd §29-a, Veterans' Services L (as proposed in S.8670-A & A.9493-A)
 
Provides that a veteran seeking a housing loan under chapter 37 of title 38 of the United States Code be offered loan counseling services by a counselor certified by the United States department of housing and urban development under Part 214 of Title 24 of the Code of Federal Regulations prior to the processing of such application by a banking institution or mortgage lender and that the department of veterans' services shall promulgate regulations to ensure that no conflicts of interest exist between counselors and mortgage companies.
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