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38 U.S.C. · Veterans' Benefits
38 U.S.C. § 3744

Approval of loans by the Secretary

Ch. 37 — HOUSING AND SMALL BUSINESS LOANS
Title 38 U.S.C. ● ACTIVE Primary Source Ch. 37
Statutory Text

38 U.S.C. § 3744 — Approval of loans by the Secretary

U.S.C. Title 38 - VETERANS' BENEFITS 38 U.S.C. United States Code, 2023 Edition Title 38 - VETERANS' BENEFITS PART III - READJUSTMENT AND RELATED BENEFITS CHAPTER 37 - HOUSING AND SMALL BUSINESS LOANS SUBCHAPTER IV - SMALL BUSINESS LOANS Sec. 3744 - Approval of loans by the Secretary From the U.S. Government Publishing Office, www.gpo.gov

§3744. Approval of loans by the Secretary

(a) Except as provided in subsection (b) of this section, a loan may not be guaranteed under this subchapter unless, before the closing of the loan, it is submitted to the Secretary for approval and the Secretary grants approval. (b) The Secretary may exempt any lender of a class of lenders listed in section 3702(d) of this title from the prior approval requirement in subsection (a) of this section if the Secretary determines that the experience of such lender or class of lenders warrants such exemption. (c) The Secretary may at any time upon thirty days' notice require loans to be made by any lender or class of lenders under this subchapter to be submitted to the Secretary for prior approval. No guaranty shall exist with respect to any such loan unless evidence of the guaranty is issued by the Secretary.

(Added Pub. L. 97–72, title III, §302(a), Nov. 3, 1981, 95 Stat. 1057, §1844; amended Pub. L. 101–237, title III, §313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered §3744 and amended Pub. L. 102–83, §5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)

Editorial Notes

Amendments 1991—Pub. L. 102–83, §5(a), renumbered section 1844 of this title as this section. Subsec. (b). Pub. L. 102–83, §5(c)(1), substituted "3702(d)" for "1802(d)". 1989—Pub. L. 101–237 substituted "Secretary" for "Administrator" in section catchline and wherever appearing in text.

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC38-SEC-AB09FB
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boisestandard.org
Citation
38 U.S.C. § 3744
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Federal — United States
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PRIMARY-SOURCE
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f0d6c75b228b3c86...
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The statutory text of 38 U.S.C. § 3744 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 38 U.S.C. § 3743 38 U.S.C. § 3745 →
Ch. 37 — HOUSING AND SMALL BUSINESS LOANS
38 U.S.C. § 370138 U.S.C. § 370238 U.S.C. § 370338 U.S.C. § 370438 U.S.C. § 370538 U.S.C. § 370638 U.S.C. § 370738 U.S.C. § 3707A38 U.S.C. § 370838 U.S.C. § 370938 U.S.C. § 371038 U.S.C. § 371138 U.S.C. § 371238 U.S.C. § 371338 U.S.C. § 371438 U.S.C. § 371538 U.S.C. § 372038 U.S.C. § 372138 U.S.C. § 372238 U.S.C. § 372338 U.S.C. § 372638 U.S.C. § 372738 U.S.C. § 372838 U.S.C. § 372938 U.S.C. § 373038 U.S.C. § 373138 U.S.C. § 373238 U.S.C. § 373338 U.S.C. § 373438 U.S.C. § 3735
38 U.S.C. — public domain ← All Legislation
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