,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajeij  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,septemb] #bd1        
#bjbf,ms4 ,p]ez 7= h]self & ,mr4        
,we/]man7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,vet]ans'    
,affairs  ,a ,,bill  ,to e/abli% a pilot
 program "u :i* ! ,secret>y ( ,vet]ans  
,affairs makes direct h\s+ loans to     
vet]ans 9 rural areas = ! con/ruction ( 
new homes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,vet]an ,own]-,build]s  
,rights ,act4  #b4 ,pilot program =     
direct h\s+ loans by ! ,secret>y (      
,vet]ans ,affairs to vet]ans 9 rural    
areas = ! con/ruction ( new homes  7a7  
,e/abli%m5t ,beg9n+ n lat] ?an #ahj days
 aft] ! date ( ! enactm5t ( ?is ,act1 ! 
,secret>y ( ,vet]ans ,affairs %all c>ry 
out a pilot program "u :i* ! ,secret>y  
%all make a direct h\s+ loan to a vet]an
 to pur*ase l& 9 a rural area 7z su* t]m
 is def9$ 9 #cdc ( ! ,consolidat$ ,f>m &
 ,rural ,developm5t ,act 7#g ,u4,s4,c4  
#aiia77 & con/ruct a dwell+1 to be own$ 

& occupi$ by ! vet]an--  7#a7 z !       
vet]an's prim>y resid5ce2 &  7#b7 = !   
p]iod ( at lea/ #bd consecutive mon?s t 
imm$iately foll[s su* con/ruction4  7b7 
,loan re/rictions ,no loan may be made  
"u ! pilot program unless-- 7#a7 !      
contemplat$ t]ms ( paym5t requir$ 9 su* 
loan be> a prop] relation to ! vet]an's 
pres5t & anticipat$ income & exp5ses2   
7#b7 ! vet]an is a satisfactory cr$it   
risk1 9 accordance ) ! cr$it und]writ+  
/&>ds e/abli%$ pursuant to subsection   
7g7 ( section #cgaj ( title #ch1 ,unit$ 
,/ates ,code2  7#c7 ! nature & condition
 ( ! prop]ty is su* z to be suitable =  
dwell+ purposes2  7#d7 ! loan does n    
exce$ ! reasonable value ( con/ruction  
det]m9$ pursuant to section #cgca (     
title #ch1 ,unit$ ,/ates ,code2 &  7#e7 
! vet]an agrees to use bluepr9ts furni%$
 "u subsection 7c7 to con/ruct ! home 9 
accordance ) ! requirem5ts "u subsection
 7d74  7c7 ,bluepr9ts  7#a7 ,sole s\rce 
,repres5tatives ,m>ie ,glues5kamp ,p]ez 
( ,wa%+ton & ,bruce ,we/]man ( ,arkansas

 %all e/abli% h\s+ bluepr9ts 9          
collaboration ) ! ,secret>y n lat] ?an  
#cj days aft] ! date ( ! enactm5t ( ?is 
,act4  7#b7 ,furni%+ to applicant ,!    
,secret>y %all furni% su* bluepr9ts to a
 vet]an :o applies = a loan "u ! pilot  
program4  7d7  ,dome/ically-,s\rc$ wood 
products  ,! dwell+ %all be con/ruct$-- 
7#a7 us+ only dome/ic lumb] = all       
/ructural wood fram+ compon5ts2 &  7#b7 
to ! maximum ext5t practicable1 z       
det]m9$ by ! ,secret>y1 us+ only        
dome/ically s\rc$ or dome/ically        
manufactur$ wood products =             
non-/ructural compon5ts su* z cab9ets1  
%elv+1 int]ior doors1 & trim4  7e7 ,/ate
 & local p]mits  7#a7 ,preemption       
,not)/&+ any o!r provision ( law1 a     
,/ate or local gov]nm5t t receives an   
application = a con/ruction p]mit t uses
 bluepr9ts furni%$ "u subsection 7c7    
%all issue su* p]mit n lat] ?an #de days
 aft] su* receipt4  7#b7 ,fees ,!       
,secret>y %all pay ! fee = a p]mit issu$
 pursuant to p>agraph 7#a74  7f7        

,int]e/2 t]ms ,a loan made "u ! pilot   
program %all be> int]e/ at a rate ( "o  
p]c5t & %all be subject to su*          
requirem5ts or limitations prescrib$ =  
loans gu>ante$ or made "u *apt] #cg (   
title #ch1 ,unit$ ,/ates ,code1 t !     
,secret>y det]m9es to be applicable4    
7g7 ,te*nical assi/ance ,! ,secret>y (  
,vet]ans ,affairs %all provide te*nical 
assi/ance1 directly or ?r\gh a contract$
 ?ird p>ty1 to a vet]an :o receives a   
loan "u ! pilot program4 ,su* assi/ance 
may include ! foll[+3  7#a7 ,tra9+      
reg>d+ skills necess>y to con/ruct or   
repair a home4  7#b7 ,assi/ance 9 fil+  
an application = a p]mit describ$ 9     
subsection 7e74  7h7 ,loan accel]ation =
 e>ly transf] or lease  7#a7 ,requirem5t
 ,if1 at any "t be=e ! completion ( !   
#bd-mon? occupancy p]iod requir$ "u     
subsection 7a77#b71 ! vet]an sells1     
transf]s1 leases1 or o!rwise p]mits any 
p]son o!r ?an ! vet]an or ! vet]an's    
dep5d5ts to occupy ! dwell+ z a prim>y  
resid5ce1 ! ,secret>y %all accel]ate !  

loan4  7#b7 ,accel]ation ,^u a          
det]m9ation "u p>agraph 7#a71 ! entire  
unpaid balance ( ! loan1 includ+ any    
accru$ int]e/1 %all become imm$iately   
due & payable4  7#c7 ,exceptions ,!     
,secret>y may waive accel]ation "u ?is  
subsection if ! vet]an demon/rates t !  
e>ly sale1 transf]1 or lease result$ f--
 7,a7 milit>y deploym5t or p]man5t *ange
 ( /ation2  7,b7 a docum5t$ m$ical      
h>d%ip2 or  7,c7 any o!r circum/ance !  
,secret>y det]m9es to be unavoidable & n
 inconsi/5t ) ! purposes ( ! pilot      
program4  7#d7 ,notice ,! ,secret>y %all
 provide writt5 notice to ! vet]an ( any
 det]m9ation "u ?is subsection & !      
effective date ( loan accel]ation4  7i7 
,t]m9ation ,! au?ority ( ! ,secret>y (  
,vet]ans ,affairs to make a new loan "u 
! pilot program %all t]m9ate on ! date t
 is five ye>s aft] ! date ( ! enactm5t (
 ?is ,act4  7j7 ,au?orization (         
appropriations ,= ! mak+ ( loans "u !   
pilot program1 !re is au?oriz$ to be    
appropriat$ to ! ,secret>y ( ,vet]ans   

,affairs #e1jjj1jjj = fiscal ye> #bjbg1 
to rema9 available until exp5d$4  #c4   
,modification ( c]ta9 h\s+ loan fees ,! 
loan fee table 9 section #cgbi7;b77#b7 (
 title #ch1 ,unit$ ,/ates ,code1 is     
am5d$ by /rik+ ,june #i1 #bjcd ea* place
 x appe>s & ins]t+ ,june #ab1 #bjcd4