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Veterans Housing Stability: New Program to Prevent Loan Defaults and Foreclosures.

This act introduces a new program to help veterans facing difficulties with their housing loan payments. It allows the government to cover a portion of the debt to prevent default and foreclosure, aiming to stabilize veterans' housing situations.
Key points
A new "Partial Claim Program" will assist veterans in financial distress by covering a portion of their mortgage debt.
The government can pay up to 25% of the unpaid loan balance (or 30% for delinquent individuals or disaster areas) to prevent home loss.
Veterans will repay this portion of the debt, interest-free, typically at loan maturity.
The act introduces civil penalties for loan holders who knowingly make false statements under the program.
It encourages a moratorium on foreclosures until the Partial Claim Program is fully operational.
Administrative expenses related to the partial claim will not be charged to the veteran.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1921
Sponsor: Sen. Blunt Rochester, Lisa [D-DE]
Process start date: 2025-05-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Veterans Housing Stability Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_1921.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-05-22.

What are the main provisions?

Key points include:

  • A new "Partial Claim Program" will assist veterans in financial distress by covering a portion of their mortgage debt.
  • The government can pay up to 25% of the unpaid loan balance (or 30% for delinquent individuals or disaster areas) to prevent home loss.
  • Veterans will repay this portion of the debt, interest-free, typically at loan maturity.
  • The act introduces civil penalties for loan holders who knowingly make false statements under the program.
  • It encourages a moratorium on foreclosures until the Partial Claim Program is fully operational.
  • Administrative expenses related to the partial claim will not be charged to the veteran.
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 Sen. Blunt Rochester, Lisa [D-DE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits Real Estate