The cap is 30 percent for payments missed between March 2020 and May 2025
To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes, section 3, Sec. 3.
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The cap is 30 percent for payments missed between March 2020 and May 2025
The document says “may not”Who acts: Secretary of Veterans AffairsHow: statuteSec. 3 in the PDF
What the document says
“In the case of an individual who failed to make a payment on a loan guaranteed under this chapter during the period beginning on March 1, 2020 and ending on May 1, 2025, the amount of a partial claim under this section may not exceed 30 percent of the unpaid principal balance of the guaranteed loan as of the date that the initial partial claim is made.”
For a borrower who missed a payment at any point between March 1, 2020 and May 1, 2025, the cap is 30 percent instead of 25, measured as of the date of the initial partial claim.
What the document actually says
“In the case of an individual who failed to make a payment on a loan guaranteed under this chapter during the period beginning on March 1, 2020 and ending on May 1, 2025, the amount of a partial claim under this section may not exceed 30 percent of the unpaid principal balance of the guaranteed loan as of the date that the initial partial claim is made.”
That sentence, in plain words
Some people get a higher limit. It is for those who missed a payment in a set stretch of time.
What this is about
The stretch runs from March 1, 2020 to May 1, 2025. For them the VA can buy up to three tenths of what is owed.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
VA Home Loan Program Reform Act, Public Law 119-31, sec. 3, 139 Stat. 476 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ31/html/PLAW-119publ31.htm
This page
“The cap is 30 percent for payments missed between March 2020 and May 2025,” VA Home Loan Program Reform Act, section 3, Sec. 3. Read the Mandate, https://readthemandate.org/va-home-loan-program-reform-act/proposal/sec03-cap-30-percent-for-missed-payments/ (retrieved October 10, 2026).
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