119-HR2963

Bill is currently in: House
Path to Law
House Senate President

119th CONGRESS

1st Session

H. R. 2963

1. Short title
2. Sense of Congress regarding Department of Veterans Affairs exercise of authority under Veterans Affairs Servicing Purchasing program

1. Short title

This Act may be cited as the "Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025" or the "FAIR Veterans Act of 2025".

2. Sense of Congress regarding Department of Veterans Affairs exercise of authority under Veterans Affairs Servicing Purchasing program

(a) Sense of Congress - It is the sense of Congress that—

(1) - the foreclosure on a home purchased by a veteran with a loan guaranteed by the Department of Veterans Affairs should be the last resort; and

(2) - the Department should use the authority under section 3732(a)(2) of title 38, United States Code, and other authorities under the laws administered by the Secretary to help as many veterans as possible keep their homes.

(b) Clarification regarding VASP program - Section 3732(a)(2)(A) of title 38, United States Code, is amended by striking "Before" and inserting "The Secretary shall carry out a program under which the Secretary may pay the holder of the obligation the unpaid balance of the obligation plus accrued interest and receive an assignment of the loan and security. To participate in the program, before".