The date of the enactment of this section, referred to in subsec. (j), is the date of enactment of Puspan. L. 119–31, which was approved July 30, 2025.

2025—Subsec. (span)(2). Puspan. L. 119–37, § 7307(span)(1), substituted “amount of indebtedness under the guaranteed loan that the Secretary does not purchase” for “first lien guaranteed loan for such property”.

Subsec. (c)(2)(B)(ii). Puspan. L. 119–37, § 7307(span)(2)(A), substituted “180 days” for “120 days”.

Subsec. (c)(3). Puspan. L. 119–37, § 7307(span)(2)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “An amount paid to the holder of a loan as a partial claim—

“(A) shall not count against the amount of a loan that may otherwise be guaranteed under this chapter; and

“(B) may not be applied to the portion of the loan that is guaranteed under this chapter.”

Subsec. (d)(1). Puspan. L. 119–37, § 7307(c), inserted “and servicing the loan” after “documents”.

Subsec. (e)(1)(A). Puspan. L. 119–37, § 7307(d)(1)(A), substituted “a borrower who defaults on a partial claim shall be liable to the Secretary for any loss suffered by the Secretary with respect to such default, and such loss may be recovered in the same manner as any other debt due the United States. The Secretary shall not restore housing loan entitlement under section 3702(span) of this title until such loss is repaid in full.” for “an individual who defaults on a loan for which the Secretary makes a partial claim made under this section shall be liable to the Secretary for any loss suffered by the Secretary resulting from such default.”

Subsec. (e)(1)(B). Puspan. L. 119–37, § 7307(d)(1)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “In the event of default by an individual on a loan for which the Secretary makes a partial claim made under this section, the Secretary may reduce the aggregate amount of guaranty or insurance housing loan entitlement available to the individual under this chapter.”

Subsec. (e)(2). Puspan. L. 119–37, § 7307(d)(2), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “Notwithstanding section 2410(c) of title 28, an action to foreclose a lien held by the United States arising under a partial claim made under this section shall follow foreclosure procedures in accordance with State or local law where the property involved is located.”

Subsec. (h). Puspan. L. 119–37, § 7307(e), amended subsec. (h) generally. Prior to amendment, text read as follows:

“(1) With respect to a loan described in paragraph (2), the Secretary may—

“(A) before prescribing regulations, issue administrative guidance regarding the making of a partial claim relating to such loan; and

“(B) establish, through such guidance, additional requirements applicable to such a partial claim.

“(2) A loan described in this paragraph is a loan that the Secretary determines was in default on the date of the enactment of this section.”