1. Grant of Federal charter to Veterans Association of Real Estate Professionals (a) Grant of charter Part B of subtitle II of title 36, United States Code, is amended by inserting after chapter 2301 the following new chapter: 2302 Veterans Association of Real Estate Professionals Sec. 230201. Organization. 230202. Purposes. 230203. Membership. 230204. Governing body. 230205. Powers. 230206. Restrictions. 230207. Tax-exempt status required as condition of charter. 230208. Records and inspection. 230209. Service of process. 230210. Liability for acts of officers and agents. 230211. Annual report. 230212. State defined. 230201. Organization (a) Federal charter Veterans Association of Real Estate Professionals (in this chapter, the corporation ), a nonprofit organization that meets the requirements for a veterans service organization under section 501(c)(19) of the Internal Revenue Code of 1986 and is organized under the laws of the State of California, is a federally chartered corporation. (b) Expiration of charter If the corporation does not comply with the provisions of this chapter, the charter granted by subsection (a) expires. 230202. Purposes The purposes of the corporation are those provided in its articles of incorporation and include the following: (1) To organize as a veterans service organization to maintain a continuing interest in the welfare of veterans by— (A) advocating for, and increasing sustainable homeownership; (B) providing financial literacy education, (C) spreading awareness of housing loans guaranteed by the Secretary of Veterans Affairs; and (D) increasing economic opportunities for members of the Armed Forces and veterans. (2) To establish facilities for the assistance of all veterans, with programs regarding topics including the following: (A) financial literacy (including understanding credit); (B) workforce development; (C) small business incubation and mentorship