VALID Act of 2025

Subparagraph (A) of section 203(f)(2) of the National Housing Act (12 U.S.C. 1709(f)(2)(A)) is amended—

(1) by inserting (i) after loan-to-value ratio; and

(2) by inserting before the semicolon the following:, and (ii) in connection with a loan guaranteed or insured under chapter 37 of title 38, United States Code, assuming prevailing interest rates.

Nothing in the amendments made by subsection (a) shall be construed to require an original lender to determine whether a prospective borrower is eligible for any loan included in the notice required under section 203(f) of the National Housing Act (12 U.S.C. 1709(f)).

Subpart A of part 2 of subtitle A of title 13 of the Housing and Community Development Act of 1992 (12 U.S.C. 4541 et seq.) is amended by adding at the end the following:

The Director shall, not later than 6 months after the date of the enactment of this section, require each enterprise to—

(1) include a military service question on the form known as the Uniform Residential Loan Application; and

(2) position such question above the signature line of the Uniform Residential Loan Application.

The Director of the Federal Housing Finance Agency shall, not later than 6 months after the date of the enactment of this section, issue a rule to carry out the amendment made by this section.