HR 1815 - 119Became Public Law No: 119-31.
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Government lending and loan guarantees
Secretary of a portion of indebtedness under the guaranteed loan secretary of a portion of indebtedness under the guaranteed loan
Secretary of a portion of indebtedness under the loan secretary of a portion of indebtedness under the loan
Real estate business
Veterans' loans, housing, homeless programs
/external-xref> of title 38, United States Code, is not at a disadvantage when attempting to secure representation by a real estate agent or broker. Such strategy may include amendments to section 36.4313 of title 38, Code of Federal Regula
Armed Forces and National Security
Armed Forces and National Security
Armed Forces and National Security
g ``each of fiscal years 2015 through 2024''; and (2) by adding at the end the following new paragraphs: ``(8) $344,000,000 for each of fiscal years 2025 and 2026. ``(9) $257,700,000 for each fiscal year thereafter.''. Union Calendar No. 77
2024''; and (2) by adding at the end the following new paragraphs: ``(8) $344,000,000 for each of fiscal years 2025 and 2026. ``(9) $257,700,000 for each fiscal year thereafter.''. Union Calendar No. 77 119th CONGRESS 1st Session H. R. 181
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VA Home Loan Program Reform Act This bill authorizes the Department of Veterans Affairs (VA) to take certain actions in cases of default on home loans under the VA home loan program and establishes a partial claim program. First, the bill authorizes the VA to pay the holder of a loan guaranteed by the VA an amount necessary to avoid the foreclosure of the loan, provided that the holder of the loan and the veteran obligated on the loan execute documents to ensure the VA obtains a secured interest in the property covered by the loan. The VA must prescribe loss mitigation procedures to help prevent the foreclosure of such a home loan. The VA may not take specified administrative actions (e.g., consent to the modification of loan terms) until the sequence of mitigation options has been completed. Next, the bill establishes a five-year Partial Claim Program under which the VA may make a partial claim (purchase a portion of the indebtedness) on VA loans for primary residences that are in default or at imminent risk of default. Individuals who default on loans for which the VA has made a partial claim under this program must be liable to the VA for any loss resulting from the default. Finally, the VA must report to Congress on its strategy to ensure that veterans who purchase homes under the VA home loan program are not at a disadvantage when attempting to secure representation by a real estate agent or broker.
Signed by President.
Signed by President.
Became Public Law No: 119-31.
Became Public Law No: 119-31.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
Senate Committee on Veterans' Affairs discharged by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Passed Senate without amendment by Voice Vote. (consideration: CR S4373-4374)
Received in the Senate and Read twice and referred to the Committee on Veterans' Affairs.
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-104.
Placed on the Union Calendar, Calendar No. 77.
Mr. Bost moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H2126-2129)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1815.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2126-2127)
Motion to reconsider laid on the table Agreed to without objection.
Committee Consideration and Mark-up Session Held
Subcommittee Consideration and Mark-up Session Held
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Subcommittee Hearings Held