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Referred to the House Committee on Veterans' Affairs.
Introduced March 3, 2025 by Derrick Van Orden · Last progress March 3, 2025
Limits the Department of Veterans Affairs to acquiring no more than 250 home loans each fiscal year under its Servicer Purchaser Program and requires a plan to sell any loans it acquires. It also aligns related law with this new limit.
Within 180 days of enactment, the VA must submit a report that includes a detailed plan to sell loans the agency acquired on or after May 31, 2024. This aims to control the size of the VA’s loan portfolio and add transparency and an exit strategy for purchased loans.