,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ahjc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #c1 #bjbe,ms4    
,m5g 7= h]self & ,ms4 ,malliotakis7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,vet]ans' ,affairs  ,a 
,,bill  ,to am5d title #ch1 ,unit$      
,/ates ,code1 to provide = ! improvem5t 
( ! ,dep>tm5t ( ,vet]ans ,affairs loan  
gu>antee = pur*ase ( resid5tial         
coop]ative h\s+ units1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,fair ,access to ,co-ops = ,vet]ans 
,act ( #bjbe4  #b4 ,improvem5t (        
,dep>tm5t ( ,vet]ans ,affairs loan      
gu>antee = pur*ase ( resid5tial         
coop]ative h\s+ units  7a7 ,9 g5]al     
,section #cgaj ( title #ch1 ,unit$      
,/ates ,code1 is am5d$-- 7#a7 9         
subsection 7a77#ab71 by /rik+ ,) respect
 to a loan gu>ante$ aft] ! date ( !     
enactm5t ( ?is p>agraph & be=e ! date t 
is five ye>s aft] t date1 to & ins]t+   
,to2 &  7#b7 by /rik+ subsection 7h7 &  
ins]t+ ! foll[+ new subsection 7h73  7h7

 ,a loan may n be gu>ante$ "u subsection
 7a77#ab7 be=e ! date on :i* ! ,secret>y
 prescribes regulations sett+ =?        
requirem5ts = und]writ+1 loan process+1 
project /&>ds1 %>e eligibility1         
valuation1 & o!r crit]ia ! ,secret>y    
det]m9es necess>y4 ,! ,secret>y %all    
ensure t su* regulations are consi/5t1  
to ! ext5t ! ,secret>y det]m9es         
suitable1 ) ! requirem5ts ( ! ,f$]al    
,national ,mortgage ,association = !    
pur*ase or securitization ( coop]ative  
h\s+ loans4  4  7b7 ,loan fees ,section 
#cgbi7;b7 ( su* title is am5d$-- 7#a7 9 
p>agraph 7#a71 by /rik+ ,! am\nt &      
ins]t+ ,except z provid$ 9 p>agraph     
7#e71 ! am\nt2 &  7#b7 by add+ at ! end 
! foll[+ new p>agraph3  7#e7 ,9 ! case (
 an loan gu>ante$ "u section            
#cgaj7;a77#ab7 ( ?is title1 ! am\nt ( ! 
fee %all be-- 7,a7 ! am\nt det]m9$ f !  
loan fee table "u p>agraph 7#b71 plus   
7,b7 #c4be p]c5t ( ! total am\nt ( !    
loan gu>ante$1 insur$1 or made1 or1 9 ! 
case ( a loan assumption1 ! unpaid      

pr9cipal balance ( ! loan on ! date ( ! 
transf] ( ! prop]ty4  4  7c7 ,am\nt (   
loan ,section                           
#cgjc7;a77#a77;,a77i77,,iv7 ( su* title 
is am5d$ by /rik+ or 7#h7 & ins]t+ 7#h71
 or 7#ab74  7d7 ,treatm5t z resid5tial  
prop]ty ,su* title is fur!r am5d$-- 7#a7
 9 section #cgjd7;c71 by add+ at ! end !
 foll[+ new p>agraph3  7#c7 ,= purposes 
( ?is subsection1 /ock or memb]%ip 9 a  
coop]ative h\s+ corporation 7z def9$ 9  
section #baf7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf7 = ! purpose ( entitl+ a  
p]son to occupy = dwell+ purposes a s+le
 family resid5tial unit 9 a developm5t1 
project1 or /ructure own$ or leas$ by   
su* corporation %all be treat$ z        
resid5tial prop]ty4  2 &  7#b7 9 section
 #cgad1 by add+ at ! end ! foll[+ new   
subsection3  7i7 ,= purposes ( ?is      
section1 /ock or memb]%ip 9 a coop]ative
 h\s+ corporation 7z def9$ 9 section    
#baf7;b7 ( ! ,int]nal ,rev5ue ,code (   
#aihf7 = ! purpose ( entitl+ a p]son to 
occupy = dwell+ purposes a s+le family  

resid5tial unit 9 a developm5t1 project1
 or /ructure own$ or leas$ by su*       
corporation %all be treat$ z resid5tial 
prop]ty4  4  7e7 ,au?ority ,to adv]tise 
,! ,secret>y ( ,vet]ans ,affairs %all   
use ! au?ority ( ! ,secret>y "u section 
#ecb ( title #ch1 ,unit$ ,/ates ,code1  
to adv]tise ! availability ( loan       
gu>antees = h\s+ coop]ative %>e loans "u
 section #cgaj7;a77#ab7 ( su* title &   
%all take su* o!r appropriate actions z 
may be necess>y1 includ+ by ! issuance (
 guidance1 to notify eligible vet]ans1  
p>ticipat+ l5d]s1 & int]e/$ realtors ( !
 availability ( su* loan gu>antees & !  
proc$ures & requirem5ts t apply to !    
obta9+ ( su* gu>antees4  7f7 ,guidance  
,not)/&+ section #eja ( su* title1 !    
,secret>y ( ,vet]ans ,affairs may issue 
guidance to implem5t section #cgaj (    
title #ch1 ,unit$ ,/ates ,code1 z am5d$ 
by subsection 7a71 be=e prescrib+ new   
regulations "u su* section4