VA Home Loan Program Reform Act

Hozzl · 2025-03-19T03:08:21Z

Explore the details of House Bill 1815 VA Home Loan Program Reform Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

3/19/2025, 3:08 AM

Summary of Bill HR 1815

Bill 119 hr 1815, also known as the "Veterans Home Loan Default Prevention Act," aims to amend title 38 of the United States Code to give the Secretary of Veterans Affairs the authority to take specific actions in the event of a default on a home loan guaranteed by the Secretary.

The bill allows the Secretary to provide financial counseling and assistance to veterans who are at risk of defaulting on their home loans. This includes helping veterans explore options to avoid default, such as loan modifications or refinancing. Additionally, the Secretary is authorized to work with lenders to find solutions that will prevent foreclosure and help veterans stay in their homes.

Furthermore, the bill includes provisions to streamline the process for veterans to apply for assistance in the case of a default. This includes establishing clear guidelines for eligibility and ensuring that veterans receive timely and effective support. Overall, the goal of Bill 119 hr 1815 is to provide veterans with the necessary resources and support to prevent default on their home loans and avoid the devastating consequences of foreclosure. By empowering the Secretary of Veterans Affairs to take proactive measures, this legislation aims to protect the financial well-being of our nation's veterans and ensure they have access to stable housing.

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Current Status of Bill HR 1815

Bill HR 1815 is currently in the status of Bill Introduced since March 3, 2025. Bill HR 1815 was introduced during Congress 119 and was introduced to the House on March 3, 2025. Bill HR 1815's most recent activity was Subcommittee Hearings Held as of March 10, 2025

Bipartisan Support of Bill HR 1815

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1815

Primary Policy Focus

Alternate Title(s) of Bill HR 1815

To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes.To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes.

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Sponsors and Cosponsors of HR 1815

Derrick Van Orden

Wisconsin(Republican)

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