HR. 1815Became Law
VA Home Loan Program Reform Act
Authorize the VA to use foreclosure avoidance tools in defaulted home loans, create a five-year partial claim program for at-risk primary residences, and require a report on veterans' access to buyer representation
Plain-English overview
What this bill does
Authorize the VA to use foreclosure avoidance tools in defaulted home loans, create a five-year partial claim program for at-risk primary residences, and require a report on veterans' access to buyer representation
Key points
- Establish partial claim program
- Require loss mitigation procedures
- Require buyer representation report
- Authorize foreclosure avoidance payments
Current status
Where it stands
Status
Became Law
Latest action
2025-07-30 — Became Public Law No: 119-31.
Related context
Topics and policy areas
undefinedAccounting and auditingArmed Forces and National SecurityCongressional oversightGovernment lending and loan guaranteesReal estate businessVeterans' loans, housing, homeless programs