arrow_back Back to App

Limits on VA Home Loan Program to prevent defaults

This act introduces new limits on the Department of Veterans Affairs' (VA) ability to purchase defaulted home loans. This means the VA can only intervene to help a limited number of veterans avoid foreclosure each year. Additionally, the VA must develop a plan to sell previously acquired loans to private entities.
Key points
The Department of Veterans Affairs (VA) can purchase a maximum of 250 defaulted home loans per fiscal year to help veterans avoid foreclosure.
The VA must create a plan to sell all loans acquired on or after May 31, 2024, to non-government entities.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1814
Sponsor: Rep. Van Orden, Derrick [R-WI-3]
Process start date: 2025-03-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Restoring the VA Home Loan Program in Perpetuity Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1814.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-03.

What are the main provisions?

Key points include:

  • The Department of Veterans Affairs (VA) can purchase a maximum of 250 defaulted home loans per fiscal year to help veterans avoid foreclosure.
  • The VA must create a plan to sell all loans acquired on or after May 31, 2024, to non-government entities.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Van Orden, Derrick [R-WI-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Opportunity.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Benefits Real Estate