Section 1 Short title
This Act may be cited as the “Expanding Home Loans for Guard and Reservists Act”.
Expanding Home Loans for Guard and Reservists Act
A BILL
To amend title 38, United States Code, to expand eligibility for a housing loan guaranteed by the Secretary of Veterans Affairs to certain individuals who performed active duty for training.
Sec. 2 Expansion of eligibility for housing loans guaranteed by Secretary of Veterans Affairs
Eligibility expansion— Section 3701(b) of title 38, United States Code, is amended by adding at the end the following new paragraphs:
“(8) The term “veteran” also includes, for the purposes of home loans, an individual who performed active duty for training for a period of not less than 30 consecutive days.
“(9) The term “active duty for training” has the meaning given such term in section 101 of this title, but does not include basic training (as such term is used in sections 7419, 8431, and 9419 of title 10).”
Entitlement to housing loan— Section 3702(a)(2) of such title is amended by adding at the end the following new subparagraph:
“(H) Each individual described in section 3701(b)(8) of this title.”