2017 US Code
Title 38 - Veterans' Benefits
Part III - Readjustment and Related Benefits
Chapter 37 - Housing and Small Business Loans
Subchapter III - Administrative Provisions
Sec. 3728 - Exemption from State anti-usury provisions
38 U.S.C. § 3728 (2017) |
§3728. Exemption from State anti-usury provisions |
If, under any law of the United States, loans and mortgages insured under title I or title II of the National Housing Act are exempt from the application of the provisions of any State constitution or law (1) limiting the rate or amount of interest, discount points, or other charges which may be charged, taken, received, or reserved by lenders, (2) restricting the manner of calculating such interest (including prohibition of the charging of interest on interest), or (3) requiring a minimum amortization of principal, then loans guaranteed or insured under this chapter are also exempt from the application of such provisions. |
(Added Pub. L. 96–128, title IV, §401(a), Nov. 28, 1979, 93 Stat. 986, §1828; amended Pub. L. 97–66, title V, §501(b), Oct. 17, 1981, 95 Stat. 1032; renumbered §3728, Pub. L. 102–83, §5(a), Aug. 6, 1991, 105 Stat. 406.) |
REFERENCES IN TEXT
The National Housing Act, referred to in text, is act June 27, 1934, ch. 847, 48 Stat. 1246, as amended. Titles I and II of the Act are classified generally to subchapters I (§1702 et seq.) and II (§1707 et seq.), respectively, of chapter 13 of Title 12, Banks and Banking. For complete classification of this Act to the Code, see section 1701 of Title 12 and Tables. AMENDMENTS1991—Pub. L. 102–83 renumbered section 1828 of this title as this section. 1981—Pub. L. 97–66 designated as cl. (1) existing provisions relating to the limiting of rates or amounts of interest, discount points, or other charges which may be charged, taken, received, or reserved by lenders, and added cls. (2) and (3). EFFECTIVE DATE OF 1981 AMENDMENTAmendment by Pub. L. 97–66 effective Oct. 17, 1981, see section 701(b)(1) of Pub. L. 97–66, set out as a note under section 1114 of this title. EFFECTIVE DATESection effective Nov. 28, 1979, see section 601(b) of Pub. L. 96–128, set out as an Effective Date of 1979 Amendment note under section 1114 of this title. |
United States Code, 2012 Edition, Supplement 5, 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 III - ADMINISTRATIVE PROVISIONS Sec. 3728 - Exemption from State anti-usury provisions |
section 3728 |
2017 |
January 12, 2018 |
Yes |
standard |
48 Stat. 1246 93 Stat. 986 95 Stat. 1032 105 Stat. 406 |
Public Law 96-128, Public Law 97-66, Public Law 102-83 |