Improvement of Department of Veterans Affairs guidance to lenders on sufficiency of veterans’ residual income

Section 3710(i) of title 38, United States Code, is amended— (1) in paragraph (3)(A)— (A) in clause (viii), by striking and at the end; (B) by redesignating clause (ix) as clause (x); and (C) by inserting after clause (viii) the following new clause (ix): (ix) nonprofit financial service organizations; and; and (2) by adding at the end the following new paragraph: (6) The Secretary shall coordinate with nonprofit organizations that advocate for veterans to offer financial counseling, on a voluntary basis, to veterans who are purchase homes using loans guaranteed under this chapter..