VALOR Act

This bill changes federal law on fees for home loans backed by the Department of Veterans Affairs (VA). If the VA collects a loan fee from someone who is legally exempt from paying it, the fee would be treated as an overpayment, and the VA would have to refund it or credit it to the loan. Veterans who have a pending disability claim when they apply for a VA home loan would still pay the fee. If their disability claim is later approved and they receive disability pay, the VA would have to pay back the fee.

Full text and official record on Congress.gov

Sponsors

• Mike Levin Democrat sponsor
• 4 cosponsors