This legislation, known as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025, expresses the sense of Congress that home foreclosure should be a last resort for veterans with Department of Veterans Affairs (VA) guaranteed loans. It urges the VA to fully utilize its existing authorities, particularly the Veterans Affairs Servicing Purchasing (VASP) program , to help veterans retain their homes. The bill specifically amends section 3732(a)(2)(A) of title 38, United States Code, to clarify that the VA Secretary shall carry out a program under which the VA may purchase delinquent loans from holders. This action allows the VA to pay the unpaid balance and receive an assignment of the loan, thereby strengthening its ability to intervene and prevent foreclosures for eligible veterans.
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Timeline
Introduced in House
Sponsor introductory remarks on measure. (CR H1433)
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Economic Opportunity.
Introduced in House
Sponsor introductory remarks on measure. (CR H1433)
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Economic Opportunity.
Armed Forces and National Security
FAIR Veterans Act of 2025
USA119th CongressHR-2963| House
| Updated: 5/12/2025
This legislation, known as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025, expresses the sense of Congress that home foreclosure should be a last resort for veterans with Department of Veterans Affairs (VA) guaranteed loans. It urges the VA to fully utilize its existing authorities, particularly the Veterans Affairs Servicing Purchasing (VASP) program , to help veterans retain their homes. The bill specifically amends section 3732(a)(2)(A) of title 38, United States Code, to clarify that the VA Secretary shall carry out a program under which the VA may purchase delinquent loans from holders. This action allows the VA to pay the unpaid balance and receive an assignment of the loan, thereby strengthening its ability to intervene and prevent foreclosures for eligible veterans.