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Mandatory VA Home Loan Disclaimer on All Residential Loan Applications

This law ensures that veterans and service members are immediately informed about their potential eligibility for VA Home Loans when applying for a standard mortgage. It mandates adding a clear disclaimer to the Uniform Residential Loan Application (URLA) right after the military service question. This change helps eligible individuals access valuable VA benefits, often resulting in better loan terms.
Key points
Requires a mandatory disclaimer about VA Home Loans on the Uniform Residential Loan Application (URLA).
The goal is to increase awareness among veterans about their eligibility for specialized, beneficial home financing programs.
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Additional Information
Print number: 118_S_3068
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2023-10-18
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

VA Home Loan Awareness Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3068.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-10-18.

What are the main provisions?

Key points include:

  • Requires a mandatory disclaimer about VA Home Loans on the Uniform Residential Loan Application (URLA).
  • The goal is to increase awareness among veterans about their eligibility for specialized, beneficial home financing programs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Passed Senate without amendment by Unanimous Consent. (text: CR S5147)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Real Estate Benefits