Sec. 2. SEASONING REQUIREMENTS FOR CERTAIN REFINANCED MORTGAGE LOANS
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## SEC. 2 SEASONING REQUIREMENTS FOR CERTAIN REFINANCED MORTGAGE LOANS ###
(a)Ginnie Mae Section 306(g)(1) of the National Housing Act (12 U.S.C. 1721(g)(1)) is amended by striking the second sentence. ###
(b)Veterans Loans Section 3709(c) of title 38, United States Code, is amended— ####
(1)in the matter before paragraph (1), by striking “is refinanced” and inserting “is a refinance”; and ####
(2)by striking paragraphs
(1)and
(2)and inserting the following new paragraphs: > > #### “(1) > > the date on which the borrower has made at least six consecutive monthly payments on the loan being refinanced; and > > > #### “(2) > > the date that is 210 days after the first payment due date of the loan being refinanced.” > . ###
(c)Rule of Construction **[**[12 U.S.C. 1721 note](/us/usc/t12/s1721)**]** Nothing in this Act may be construed to restrict or otherwise modify the authorities of the Government National Mortgage Association.
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Sec. 2
SEASONING REQUIREMENTS FOR CERTAIN REFINANCED MORTGAGE LOANS
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