2016 US Code
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
| 38 U.S.C. § 3744 (2016) |
| §3744. Approval of loans by the Secretary |
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(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. |
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(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.) |
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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. |
| United States Code, 2012 Edition, Supplement 4, Title 38 - VETERANS' BENEFITS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 3744 |
| 2016 |
| January 6, 2017 |
| Yes |
| standard |
| 95 Stat. 1057 103 Stat. 2077 105 Stat. 406 |
| Public Law 97-72, Public Law 101-237, Public Law 102-83 |
