38 U.S.C. · Veterans' Benefits
38 U.S.C. § 3745

Interest on loans

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

38 U.S.C. § 3745 — Interest on loans

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. 3745 - Interest on loans From the U.S. Government Publishing Office, www.gpo.gov

§3745. Interest on loans

(a) Loans guaranteed under this subchapter shall bear interest not in excess of such rate as the Secretary may from time to time find the loan market demands. In establishing the rate of interest that shall be applicable to such loans, the Secretary shall consult with the Administrator of the Small Business Administration. (b) The rate of interest on any direct loan made by the Secretary under this subchapter may not exceed the maximum rate in effect under subsection (a) of this section at the time the direct loan is made.

(Added Pub. L. 97–72, title III, §302(a), Nov. 3, 1981, 95 Stat. 1058, §1845; amended Pub. L. 101–237, title III, §313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered §3745 and amended Pub. L. 102–83, §§4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406; Pub. L. 103–446, title XII, §1201(a)(3), Nov. 2, 1994, 108 Stat. 4682.)

Editorial Notes

Amendments 1994—Subsec. (a). Pub. L. 103–446 substituted "Administrator" for "Secretary" before "of the Small Business Administration". 1991—Pub. L. 102–83, §5(a), renumbered section 1845 of this title as this section. Subsec. (a). Pub. L. 102–83, §4(b)(1), (2)(E), substituted "Secretary" for "Administrator" before "of the Small Business Administration". 1989—Pub. L. 101–237 substituted "Secretary" for "Administrator" wherever appearing other than third place it appears in subsec. (a).

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 38 U.S.C. § 3745 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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