2017 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. 3743 - Liability on loans
| 38 U.S.C. § 3743 (2017) |
| §3743. Liability on loans |
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Each individual who has an ownership interest in a veterans' small business concern that is provided a direct loan under this subchapter, or that obtains a loan guaranteed under this subchapter, shall execute a note or other document evidencing the direct or guaranteed business loan, and such individuals shall be jointly and severally liable to the United States for the amount of such direct loan or, in the case of a guaranteed loan, for any amount paid by the Secretary on account of such loan. |
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(Added Pub. L. 97–72, title III, §302(a), Nov. 3, 1981, 95 Stat. 1057, §1843; amended Pub. L. 101–237, title III, §313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered §3743, Pub. L. 102–83, §5(a), Aug. 6, 1991, 105 Stat. 406.) |
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AMENDMENTS
1991—Pub. L. 102–83 renumbered section 1843 of this title as this section. 1989—Pub. L. 101–237 substituted "Secretary" for "Administrator". |
| 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 IV - SMALL BUSINESS LOANS Sec. 3743 - Liability on loans |
| section 3743 |
| 2017 |
| January 12, 2018 |
| Yes |
| standard |
| 95 Stat. 1057 103 Stat. 2077 105 Stat. 406 |
| Public Law 97-72, Public Law 101-237, Public Law 102-83 |
