HR 5728 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Rural Homeownership Continuity Act of 2025
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.
Summary
This bill amends the Housing Act of 1949 to allow borrowers to transfer their USDA-guaranteed rural housing loans to qualified buyers under the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program. When a property is transferred and the new owner assumes the loan, the original borrower and any co-borrowers or guarantors are relieved of liability. The bill authorizes the Secretary of Agriculture to allow loan servicers to charge fees for transaction costs associated with assumptions. The changes apply to loans guaranteed under the Section 502 program on or after the bill's enactment.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Costa, Jim [D-CA-21] (D-CA)
8 cosponsors
Money behind the sponsor
Top reported contributors to Jim Costa’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $25,300
- CALIFORNIA STRATEGIES $13,900
- FORHAN COMPANY $13,200
- SAN JOAQUIN VALLEY COLLEGE $11,300
- CDM $7,300
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Jim Costa → · Outside spending →
Actions (2)
- Oct 10, 2025 Referred to the House Committee on Financial Services. · house
- Oct 10, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
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) Assumption of obligations, rights, and interests.—The Secretary shall provide in each assumption under subparagraph (A) for the assumption of the obligations, rights, and interests under the terms of the guaranteed loan or such other terms as the Secretary determines appropriate.”.
(b) Applicability.—The amendment made by subsection (a) shall apply with respect to loans guaranteed under section 502 of the Housing Act of 1949 (42 U.S.C. 1472) on or after the date of enactment of this Act.
(c) Rulemaking.—The Secretary of Agriculture may issue a rule to allow servicers of loans guaranteed under section 502 of the Housing Act of 1949 (42 U.S.C. 1472) to charge fees to borrowers for transaction costs associated with the loan. <all>
Comments