HR. 1815Became Law
VA Home Loan Program Reform Act
Authorizes VA foreclosure-avoidance payments and creates a five-year partial claim program for defaulted or at-risk VA home loans
Plain-English overview
What this bill does
Authorizes VA foreclosure-avoidance payments and creates a five-year partial claim program for defaulted or at-risk VA home loans
Key points
- Establish partial claim program
- Require loss mitigation procedures
- Authorize foreclosure avoidance payments
- Direct report on buyer representation
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