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US HB2963
Bill
Status
4/7/2025
Primary Sponsor
Mark Takano
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AI Summary
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Expresses that foreclosure on homes purchased by veterans with VA-guaranteed loans should be a last resort
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Urges the Department of Veterans Affairs to use its authority under 38 U.S.C. § 3732(a)(2) and other legal authorities to help veterans keep their homes
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Amends 38 U.S.C. § 3732(a)(2)(A) to clarify that the Secretary shall establish the Veterans Affairs Servicing Purchasing (VASP) program
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Authorizes the VA Secretary to pay loan holders the unpaid balance plus accrued interest and receive assignment of the loan and security under the VASP program
Legislative Description
FAIR Veterans Act of 2025 Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025
Armed forces and national security
Last Action
Referred to the Subcommittee on Economic Opportunity.
5/12/2025