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H.R. 1885

BillFederalHouseIn Committee
Veterans Home Loan Refinance Opportunity Act of 2013
About This Bill
Committee
Latest Action · May 8, 2013
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
May 8, 2013
Cosponsors (4)
4D 0R
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Summary

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Veterans Home Loan Refinance Opportunity Act of 2013 - Amends Internal Revenue Code provisions relating to tax-exempt veterans' mortgage bonds to permit: (1) proceeds from such bonds to refinance residences of veterans (currently, bond financing limited to new mortgages); (2) an annual inflation adjustment after 2013 to the amounts of veterans' mortgage bonds that states may issue; and (3) an increase from 1.125 % to 1.50% in the amount by which interest on veterans' mortgages may exceed the yield on a bond issue.

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