,,ii  ,calendar ,no4 #adc #aafth        
,,congress  #ast ,session  ,h4 ,r4 #aihh
  ,,in ,,the ,,senate ,,of ,,the        
,,united ,,states  ,july #aj1           
#bjai,received2 read twice and placed on
 the calendar  ,,an ,,act  ,to clarify  
seasoning requirements for certain      
refinanced mortgage loans1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,protecting         
,affordable ,mortgages for ,veterans    
,act of #bjai4  #b4 ,seasoning          
requirements for certain refinanced     
mortgage loans  7a7 ,ginnie mae         
,paragraph 7#a7 of section #cjf7;g7 of  
the ,national ,housing ,act 7#ab        
,u4,s4,c4 #agba7;g77#a77 is amended by  
striking the second sentence 7as added  
by section #cji7;b7 of ,public ,law     
#aae-agd74  7b7 ,veterans loans ,section
 #cgji of title #ch1 ,united ,states    
,code1 is amended by striking subsection
 7c7 and inserting the following3  7c7  
,loan seasoning ,except as provided in  
subsection 7d7 and notwithstanding      

section #cgjc of this title or any other
 provision of law1 a loan to a veteran  
for a purpose specified in section #cgaj
 of this title that is a refinance may  
not be guaranteed or insured under this 
chapter until the date that is the later
 of--  7#a7 the date on which the       
borrower has made at least six          
consecutive monthly payments on the loan
 being refinanced2 and  7#b7 the date   
that is #baj days after the first       
payment due date of the loan being      
refinanced4  4  7c7 ,rule of            
construction ,nothing in this ,act may  
be construed to restrict or otherwise   
modify the authorities of the           
,government ,national ,mortgage         
,association4  ,passed the ,house of    
,representatives ,july #i1              
#bjai4;,cheryl ,l4 ,johnson1,clerk      
,july #aj1 #bjai,received2 read twice   
and placed on the calendar