---
kind: "diff"
citation: "H.R. 1988"
bill: "116-hr-1988"
heading: "Protecting Affordable Mortgages for Veterans Act of 2019"
from: "ih"
from_label: "Introduced in House"
to: "eh"
to_label: "Engrossed in House"
sections_amended: 2
sections_added: 0
sections_removed: 0
url: "https://uscodex.org/bills/116/hr/1988/changes/eh"
---

# H.R. 1988 — what changed

H.R. 1988, Protecting Affordable Mortgages for Veterans Act of 2019 — 2 sections amended between Introduced in House and Engrossed in House.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## Section 1 Short title

- This Act may be cited as the <del>“Protect </del><ins>“Protecting </ins>Affordable Mortgages for Veterans Act of 2019”.

## Sec. 2 Seasoning requirements for certain refinanced mortgage loans

- (a) Ginnie <del>Mae—</del><ins>mae—</ins> Paragraph (1) of section 306(g) of the National Housing Act (12 U.S.C. 1721(g)(1)) is amended by striking the second sentence (as added by section 309(b) of Public Law 115–174).
- (b) Veterans loans— Section 3709 of title 38, United States Code, is amended by striking subsection (c) and inserting the following:
  - “(c) Loan seasoning—Except as provided in subsection (d) and notwithstanding section 3703 of this title or any other provision of law, a loan to a veteran for a purpose specified in section 3710 of this title that is a refinance may not be guaranteed or insured under this chapter until the date that is the later of—
  - “(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.”
- (c) Rule of construction— Nothing in this Act may be construed to restrict or otherwise modify the authorities of the Government National Mortgage Association.