To codify processing timelines for applications for the assumption of a loan guaranteed by the Department of Veterans Affairs, to require the Inspector General of the Department to conduct an assessment of loan servicer compliance with such timelines, and for other purposes.
About This Bill
Committee
Latest Action · June 18, 2026
Referred to the House Committee on Veterans' Affairs.
This bill establishes a 45-calendar-day deadline for loan servicers to process applications from veterans seeking to assume VA-guaranteed home loans, and requires the VA to update guidance making clear this is a mandatory requirement rather than a guideline. The legislation affects veterans trying to take over existing VA loans from current owners, as well as loan servicers who handle these transactions. Within 30 days of the law's enactment, the VA must communicate to servicers that they cannot discourage veterans from assuming loans by suggesting the process will take longer than 45 days. The bill also directs the VA Inspector General to conduct a comprehensive assessment within 90 days and submit a detailed report to Congress within 18 months examining whether servicers are meeting the deadline, comparing denial rates between loan assumptions and new loans, investigating potential discrimination, and identifying operational barriers to timely processing. The Inspector General must also make anonymized data from this assessment publicly available.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.