1. Short title This Act may be cited as the Protecting Veterans from Predatory Lending Act of 2018 . 2. Protecting veterans from predatory lending (a) In general Subchapter I of chapter 37 of title 38, United States Code, is amended by adding at the end the following new section: 3709. Refinancing of housing loans (a) Fee recoupment Notwithstanding section 3703 of this title or any other provision of law, a loan to a veteran for a purpose specified in section 3710 of this title that is refinanced may not be guaranteed or insured under this chapter unless— (1) the issuer of the refinanced loan provides the Secretary with a certification of the recoupment period for fees, closing costs, and any expenses (other than taxes, amounts held in escrow, and fees paid under this chapter) that would be incurred by the borrower in the refinancing of the loan; (2) all of the fees and incurred costs are scheduled to be recouped on or before the date that is 36 months after the date of loan issuance; and (3) the recoupment is calculated through lower regular monthly payments as a result of the refinanced loan. (b) Net tangible benefit test Notwithstanding section 3703 of this title or any other provision of law, a loan to a veteran for a purpose specified in section 3710 of this title that is refinanced may not be guaranteed or insured under this chapter unless— (1) the issuer of the refinanced loan provides the borrower with a net tangible benefit test; (2) in a case in which the original loan had a fixed rate mortgage interest rate and the refinanced loan will have a fixed rate mortgage interest rate, the refinanced loan has a mortgage interest rate that is not less than 50 basis points less than the previous loan; (3) in a case in which the original loan had a fixed rate mortgage interest rate and the refinanced loan will have an adjustable rate mortgage interest rate, the refinanced loan has a mortgage interest rate that is not less than 200 basis points less than the previous loan