MODIFICATION OF LOAN ASSUMPTION NOTICE REQUIREMENT.

SEC. 403. MODIFICATION OF LOAN ASSUMPTION NOTICE REQUIREMENT. Section 3714(d) is amended to read as follows: “(d) With respect to a loan guaranteed, insured, or made under this chapter, the Secretary shall provide, by regulation, that at least one instrument evidencing either the loan or the mortgage or deed of trust therefor, shall conspicuously contain, in such form as the Secretary shall specify, a notice in substantially the following form: ‘This loan is not assumable without the approval of the Department of Veterans Affairs or its authorized agent’.”.