The consumer disclosure must compare a loan guaranteed under chapter 37
To increase the supply of housing in America, and for other purposes, section 603, Sec. 603.
Written by .
The consumer disclosure must compare a loan guaranteed under chapter 37
The document says “is amended”Who acts: CongressHow: statuteSec. 603 in the PDF
What the document says
“``(ii) in connection with a loan guaranteed or insured under chapter 37 of title 38, United States Code, assuming prevailing interest rates; and''.”
The section amends section 203(f)(2)(A) of the National Housing Act so that the disclosure comparing loan costs also covers a loan guaranteed or insured under chapter 37 of title 38 of the United States Code, assuming prevailing interest rates.
What the document actually says
“``(ii) in connection with a loan guaranteed or insured under chapter 37 of title 38, United States Code, assuming prevailing interest rates; and''.”
That sentence, in plain words
The notice must also cover a loan backed by the veterans agency. It uses the rates of the day.
What this is about
The notice shows a borrower what different loans would cost. Before this it left out veterans loans. Now it must include them.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 603, 140 Stat. 954 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“The consumer disclosure must compare a loan guaranteed under chapter 37,” Increase the supply of housing in America, section 603, Sec. 603. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec603-va-comparison/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
