Prohibits certain financial institutions from requiring certain disabled veterans to include anticipated property tax obligations as part of mortgage applications.

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Plain-English Summary

This bill would allow certain disabled veterans and their surviving spouses to apply for a mortgage without needing to disclose their property tax obligations. This change applies to loans for a primary residence from state-chartered banks, mortgage companies, or credit unions, as long as a municipal assessor certifies the veteran's eligibility for a disabled veteran's property tax exemption. The bill also outlines procedures for preliminary tax exemption certifications to help these individuals secure mortgages.

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