US HB1815

Secretary of Veterans Affairs authorized to pay loan holders amounts necessary to avoid foreclosure on VA-guaranteed home loans, obtain secured interest in properties, and require forbearance

Establishes "Partial Claim Program" allowing VA to purchase up to 25% of unpaid principal balance on defaulting loans (30% for those who missed payments between March 1, 2020 and May 1, 2025) to help veterans avoid foreclosure

Requires VA to prescribe mandatory loss mitigation procedures that loan holders must complete before the Secretary can purchase an entire defaulting loan

VA Secretary must submit report within 90 days on strategy to ensure veterans using VA home loans are not disadvantaged when securing real estate agent representation

Increases authorization for homeless veterans comprehensive service programs to $344 million for fiscal years 2025-2026 and $257.7 million annually through fiscal year 2030