Rural Homeownership Continuity Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 5728 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 5728 To amend the Housing Act of 1949 to permit the assumption of loans under the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES October 10, 2025 Mr. Costa (for himself, Mr. Bacon, Mr. LaMalfa, Ms. Balint, Mr. Sherman, Ms. Salinas, Ms. Pettersen, Mrs. Beatty, and Mr. Valadao) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Housing Act of 1949 to permit the assumption of loans under the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Rural Homeownership Continuity Act of 2025''. SEC. 2. ASSUMPTION OF LOANS UNDER THE DOUG BEREUTER SECTION 502 SINGLE FAMILY HOUSING LOAN GUARANTEE PROGRAM. (a) In General.--Section 502(h)(10) of the Housing Act of 1949 (42 U.S.C. 1472(h)(10)) is amended to read as follows: ``(10) Assumption.-- ``(A) In general.--The Secretary may provide for the assumption of a current guaranteed loan made under this subsection by any individual qualified to receive a guaranteed loan under this subsection upon the transfer to that individual of the property for which the guaranteed loan was made. ``(B) Release from liability.--If a borrower of a guaranteed loan under this subsection transfers the property for which the guaranteed loan was made to an individual who assumes the guaranteed loan under subparagraph (A), the transferor, and any co-borrower or guarantor of the transferor, shall be relieved of liability with respect to the guaranteed loan. ``(C)