Title 38 — Veterans’ Benefits
Part III · Chapter 37 — Housing and Small Business Loans
§ 3711. Direct loans to veterans
Statutory text
The Congress finds that housing credit for purposes specified in section 3710 or 3712 of this title is not and has not been generally available to veterans living in rural areas, or in small cities and towns not near large metropolitan areas. It is therefore the purpose of this section to provide housing credit for veterans living in such rural areas and such small cities and towns.
Whenever the Secretary finds that private capital is not generally available in any rural area or small city or town for the financing of loans guaranteed for purposes specified in section 3710 or 3712 of this title, the Secretary shall designate such rural area or small city or town as a “housing credit shortage area”. The Secretary shall, with respect to any such area, make, or enter into commitments to make, to any veteran eligible under this title, a loan for any or all of the purposes described in section 3710(a) or 3712 of this title (other than the refinancing of a loan under section 3710(a)(8) or 3712(a)(1)(F)).
No loan may be made under this section to a veteran unless the veteran shows to the satisfaction of the Secretary that—
the veteran is unable to obtain from a private lender in such housing credit shortage area, at an interest rate not in excess of the rate authorized for guaranteed home loans or manufactured home loans, as appropriate, a loan for such purpose for which the veteran is qualified under section 3710 or 3712 of this title, as appropriate; and
the veteran is unable to obtain a loan for such purpose from the Secretary of Agriculture under title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) or title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.).
Loans made under this section shall bear interest at a rate determined by the Secretary, not to exceed the rate authorized for guaranteed home loans, or manufactured home loans, as appropriate, and shall be subject to such requirements or limitations prescribed for loans guaranteed under this title as may be applicable.
Except for any loan made under this chapter for the purposes described in section 3712 of this title, the original principal amount of any loan made under this section shall not exceed an amount which bears the same ratio to $33,000 as the amount of guaranty to which the veteran is entitled under section 3710 of this title at the time the loan is made bears to $36,000; and the guaranty entitlement of any veteran who heretofore or hereafter has been granted a loan under this section shall be charged with an amount which bears the same ratio to $36,000 as the amount of the loan bears to $33,000.
The original principal amount of any loan made under this section for the purposes described in section 3712 of this title shall not exceed the amount that bears the same ratio to $33,000 as the amount of guaranty to which the veteran is entitled under such section at the time the loan is made bears to $20,000. The amount of the guaranty entitlement for purposes specified in section 3710 of this title of any veteran who is granted a loan under this section, or who before , was granted a loan under this section, shall be charged with the amount that bears the same ratio to $20,000 as the amount of the loan bears to $33,000.
No veteran may obtain loans under this section aggregating more than $33,000.
Loans made under this section shall be repaid in monthly installments, except that in the case of any such loan made for any of the purposes described in paragraphs (2), (3), or (4) of section 3710(a) of this title, the Secretary may provide that such loan shall be repaid in quarterly, semiannual, or annual installments.
In connection with any loan under this section, the Secretary may make advances in cash to pay taxes and assessments on the real estate, to provide for repairs, alterations, and improvements, and to meet the incidental expenses of the transaction. The Secretary shall determine the expenses incident to origination of loans made under this section, which expenses, or a reasonable flat allowance in lieu thereof, shall be paid by the veteran in addition to the loan closing costs.
The Secretary may sell, and shall offer for sale, to any person or entity approved for such purpose by the Secretary, any loan made under this section at a price which the Secretary determines to be reasonable under the conditions prevailing in the mortgage market when the agreement to sell the loan is made; and shall guarantee any loan thus sold subject to the same conditions, terms, and limitations which would be applicable were the loan guaranteed for purposes specified in section 3710 or 3712 of this title, as appropriate.
The Secretary may exempt dwellings constructed through assistance provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section 3704 of this title, and with respect to such dwellings may prescribe special minimum land planning and subdivision requirements which shall be in keeping with the general housing facilities in the locality but shall require that such dwellings meet minimum requirements of structural soundness and general acceptability.
The Secretary is authorized, without regard to the provisions of subsections (a), (b), and (c) of this section, to make or enter into a commitment to make a loan to any veteran to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title, if the veteran is determined to be eligible for the benefits of such chapter 21, and is eligible for loan guaranty benefits under this chapter.
If any builder or sponsor proposes to construct one or more dwellings in a housing credit shortage area, or in any area for a veteran who is determined to be eligible for assistance in acquiring a specially adapted housing unit under chapter 21 of this title, the Secretary may enter into commitment with such builder or sponsor, under which funds available for loans under this section will be reserved for a period not in excess of three months, or such longer period as the Secretary may authorize to meet the needs in any particular case, for the purpose of making loans to veterans to purchase such dwellings. Such commitment may not be assigned or transferred except with the written approval of the Secretary. The Secretary shall not enter into any such commitment unless such builder or sponsor pays a nonrefundable commitment fee to the Secretary in an amount determined by the Secretary, not to exceed 2 percent of the funds reserved for such builder or sponsor.
Whenever the Secretary finds that a dwelling with respect to which funds are being reserved under this subsection has been sold, or contracted to be sold, to a veteran eligible for a direct loan under this section, the Secretary shall enter into a commitment to make the veteran a loan for the purchase of such dwelling. With respect to any loan made to an eligible veteran under this subsection, the Secretary may make advances during the construction of the dwelling, up to a maximum in advances of (A) the cost of the land plus (B) 80 percent of the value of the construction in place.
Without regard to any other provision of this chapter, the Secretary may take or cause to be taken such action as in the Secretary’s judgment may be necessary or appropriate for or in connection with the custody, management, protection, and realization or sale of investments under this section, may determine the Secretary’s necessary expenses and expenditures, and the manner in which the same shall be incurred, allowed and paid, may make such rules, regulations, and orders as the Secretary may deem necessary or appropriate for carrying out the Secretary’s functions under this section and, except as otherwise expressly provided in this chapter, may employ, utilize, compensate, and, to the extent not inconsistent with the Secretary’s basic responsibilities under this chapter, delegate any of the Secretary’s functions under this section to such persons and such corporate or other agencies, including agencies of the United States, as the Secretary may designate.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 85–857 · 72 Stat. 1105
Enacted · 38 U.S.C. § 3711
Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1208, § 1811
Source evidence
Code source credit
Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1208, § 1811Pub. L. 86–665 § 2 · 74 Stat. 529
Substituted · 38 U.S.C. § 3711(h)
Pub. L. 86–665 substituted “1962” for “1960”
Source evidence
Code amendment note
Subsec. (h). Pub. L. 86–665 substituted “1962” for “1960”.Enacted provision · exact public law section
Sec. 2. Section 1811(h) of title 38, United States Code, is amended by striking out “1960” and inserting in lieu thereof “1962”.Pub. L. 87–84 § 2(a) · 75 Stat. 201
Substituted · 38 U.S.C. § 3711(d)(2); 38 U.S.C. § 3711(d)(3)
Pub. L. 87–84, § 2(a), substituted “$15,000” for “$13,500” wherever appearing
Source evidence
Code amendment note
Subsec. (d)(2), (3). Pub. L. 87–84, § 2(a), substituted “$15,000” for “$13,500” wherever appearing.Enacted provision · exact public law section
(a) Paragraphs (2) and (3) of subsection (d) of section 72 Stat. 1208. 1811 of title 38, United States Code, are amended by striking out “$13,600”, wherever it appears in such paragraphs, and inserting in lieu thereof “$15,000”.Pub. L. 87–84 § 2(b) · 75 Stat. 201
Substituted · 38 U.S.C. § 3711(h)
Pub. L. 87–84, § 2(b), substituted “to any veteran after the expiration of his entitlement pursuant to section 1803(a)(3) of this title except pursuant to a commitment issued by the Administrator before such entitlement expires” for “after July 25, 1962, except pursuant to commitments issued by the Administrator before that date.”
Source evidence
Code amendment note
Subsec. (h). Pub. L. 87–84, § 2(b), substituted “to any veteran after the expiration of his entitlement pursuant to section 1803(a)(3) of this title except pursuant to a commitment issued by the Administrator before such entitlement expires” for “after July 25, 1962, except pursuant to commitments issued by the Administrator before that date.”Enacted provision · exact public law section
(b) Subsection (h) of such section 1811 is amended to read as follows: “(h) No loan may be made under this section to any veteran after the expiration of his entitlement pursuant to section 1803(a)(3) of this title except pursuant to a commitment issued by the Administrator before such entitlement expires.”Pub. L. 88–402 · 78 Stat. 380
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 88–402 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest, for provisions which permitted Administrator to sell loans only at a price not less than par
Source evidence
Code amendment note
Subsec. (g). Pub. L. 88–402 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest, for provisions which permitted Administrator to sell loans only at a price not less than par.Veterans
Pub. L. 89–358 § 5(e) · 80 Stat. 12
Substituted · 38 U.S.C. § 3711(d)(2); 38 U.S.C. § 3711(d)(3)
Pub. L. 89–358 substituted “$17,500” for “$15,000” wherever appearing
Source evidence
Code amendment note
Subsec. (d)(2), (3), Pub. L. 89–358 substituted “$17,500” for “$15,000” wherever appearing.Enacted provision · exact public law section
(e) Section 1811(d) of such title is amended by striking out “$15,000” each place where it appears therein and inserting in lieu thereof in each such place “$17,500”.Veterans’ Pension and Readjustment Assistance Act of 1967
Pub. L. 90–77 § 404(a) · 81 Stat. 178
Changed · 38 U.S.C. § 3711(d)(2)
Pub. L. 90–77, § 404(a), authorized an increase in amount of direct loan limits from $17,500 to $25,000 where Administrator finds cost levels so require
Source evidence
Code amendment note
Subsec. (d)(2). Pub. L. 90–77, § 404(a), authorized an increase in amount of direct loan limits from $17,500 to $25,000 where Administrator finds cost levels so require.Enacted provision · exact public law section
(a) Section 1811 (d) (2) of title 38, United States Code, is amended by inserting before the period at the end thereof the following: “; except that the Administrator may increase the $17,500 limitations specified in this paragraph to an amount not to exceed $25,000 where he finds that cost levels so require”.Veterans’ Pension and Readjustment Assistance Act of 1967
Pub. L. 90–77 § 404(b) · 81 Stat. 178
Changed · 38 U.S.C. § 3711(d)(3)
Pub. L. 90–77, § 404(b), authorized an increase in aggregate amount of direct loans to $25,000 where Administrator finds cost levels so require
Source evidence
Code amendment note
Subsec. (d)(3). Pub. L. 90–77, § 404(b), authorized an increase in aggregate amount of direct loans to $25,000 where Administrator finds cost levels so require.Enacted provision · exact public law section
(b) Section 1811 (d) (3) of such title is amended by inserting before the period at the end thereof the following: “; except that the Administrator may increase such aggregate amount to an amount not to exceed $25,000 where he finds that cost levels so require”.Pub. L. 90–301 § 1(b) · 82 Stat. 113
Substituted · 38 U.S.C. § 3711(d)(2)
Pub. L. 90–301 substituted “$12,500” for “$7,500” in two places
Source evidence
Code amendment note
Subsec. (d)(2). Pub. L. 90–301 substituted “$12,500” for “$7,500” in two places.Enacted provision · exact public law section
(1) by amending paragraph (5) thereof to read as follows: “(5) the loan to be paid by the veteran for such property or for the cost of construction, repairs, or alterations, does not exceed the reasonable value thereof as determined by the Administrator; and,” andPub. L. 91–22 § 3 · 83 Stat. 32
Substituted · 38 U.S.C. § 3711(d)(2); 38 U.S.C. § 3711(d)(3)
Pub. L. 91–22 substituted “$21,000” for “$17,500” wherever appearing
Source evidence
Code amendment note
Subsec. (d)(2), (3). Pub. L. 91–22 substituted “$21,000” for “$17,500” wherever appearing.Enacted provision · exact public law section
Sec. 3. Section 1811 (d) of title 38, United States Code, is amended by striking out “$17,500” each place where it appears therein and inserting in lieu thereof in each such place “$21,000”.Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(1) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(a)
Pub. L. 91–506, § 4(1), substituted “1810 or 1819” for “1810”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 91–506, § 4(1), substituted “1810 or 1819” for “1810”.Enacted provision · exact public law section
(1) by striking out “1810” in subsection (a) and (b) inserting Post, p. 1110. in lieu thereof: “1810 or 1819”;Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(1) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 91–506, § 4(1), (2), substituted “1810 or 1819” for “1810” and provided that the Administrator make, or enter into commitments to make, to any eligible veteran, a loan for any of the purposes described in section 1819 dealing with loans to purchase mobile homes and lots as well as section 1810(a) dealing with the purchase or construction of homes
Source evidence
Code amendment note
Subsec. (b). Pub. L. 91–506, § 4(1), (2), substituted “1810 or 1819” for “1810” and provided that the Administrator make, or enter into commitments to make, to any eligible veteran, a loan for any of the purposes described in section 1819 dealing with loans to purchase mobile homes and lots as well as section 1810(a) dealing with the purchase or construction of homes.Enacted provision · exact public law section
(1) by striking out “1810” in subsection (a) and (b) inserting Post, p. 1110. in lieu thereof: “1810 or 1819”;Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(3) · 84 Stat. 1108
Inserted · 38 U.S.C. § 3711(c)(1); 38 U.S.C. § 3711(d)(1)
Pub. L. 91–506, § 4(3), (4), inserted reference to mobile home loans
Source evidence
Code amendment note
Subsecs. (c)(1), (d)(1). Pub. L. 91–506, § 4(3), (4), inserted reference to mobile home loans.Enacted provision · exact public law section
(3) by inserting after “guaranteed home loans” the phrase “or mobile home loans, as appropriate” in subsection (c) (1), and by striking out in such subsection “1810 of this title” and inserting in lieu thereof “1810 or 1819 of this title, as appropriate”;Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(5) · 84 Stat. 1108
Redesignated · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 91–506, § 4(5), redesignated subsec. (d)(2) as subsec. (d)(2)(A)
Substituted · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 91–506, § 4(5), substituted “Except for any loan made under this chapter for the purposes described in section 1819 of this title, the” for “The”
Source evidence
Code amendment note
Subsec. (d)(2)(A). Pub. L. 91–506, § 4(5), redesignated subsec. (d)(2) as subsec. (d)(2)(A) and substituted “Except for any loan made under this chapter for the purposes described in section 1819 of this title, the” for “The”.Enacted provision · exact public law section
(5) by striking out “The” in subsection (d)(2) and inserting in lieu thereof “(A) Except for any loan made under this chapter for the purposes described in section 1819 of this title, the”;Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(6) · 84 Stat. 1108
Inserted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 91–506, § 4(6), inserted provision limiting the original principal amount of any loan made under this section for the purchase of mobile homes and mobile home lots under section 1819 of this title to the amount specified by the Administrator pursuant to subsec. (d) of section 1819
Source evidence
Code amendment note
Subsec. (d)(2)(B). Pub. L. 91–506, § 4(6), inserted provision limiting the original principal amount of any loan made under this section for the purchase of mobile homes and mobile home lots under section 1819 of this title to the amount specified by the Administrator pursuant to subsec. (d) of section 1819.Enacted provision · exact public law section
(6) by inserting immediately after subsection (d)(2) (as amended by clause (4) above) the following new paragraph: “(B) The original principal amount of any loan made under this section for the purposes described in section 1819 of this title shall not exceed the amount specified by the Administrator pursuant to subsection (d) of such section.”;Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(7) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 91–506, § 4(7), substituted “1810 or 1819 of this title, as appropriate” for “1810 of this title”
Source evidence
Code amendment note
Subsec. (g). Pub. L. 91–506, § 4(7), substituted “1810 or 1819 of this title, as appropriate” for “1810 of this title”.Enacted provision · exact public law section
(7) by striking out “1810 of this title” in subsection (g) and 78 Stat. 330. inserting in lieu thereof “1810 or 1819 of this title, as appropriate” ; andVeterans’ Housing Act of 197
Pub. L. 91–506 § 4(8) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(h)
Pub. L. 91–506, § 4(8), substituted provisions permitting Administrator to exempt dwellings constructed through assistance provided by this section from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability for provisions establishing a direct loan expiration date by reference to those for guaranteed loans
Source evidence
Code amendment note
Subsec. (h). Pub. L. 91–506, § 4(8), substituted provisions permitting Administrator to exempt dwellings constructed through assistance provided by this section from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability for provisions establishing a direct loan expiration date by reference to those for guaranteed loans.Enacted provision · exact public law section
(8) by striking out subsections (h), (i), and (j) and inserting in lieu thereof the following: “(h) The Administrator may exempt dwellings constructed through Minimum land planning requirements, exemption authority. assistance provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section 1804 of this title, and with respect to such dwellings may prescribe special minimum land planning and subdivision requirements which shall be in keeping with the general housing facilities in the locality but shall require that such dwellings meet minimum requirements of structural soundness and general acceptability. “(i) The Administrator is authorized, without regard to the provisions Housing for disabled veterans. of subsections (a), (b),and (c) of this sect ion, to make or enter into a commitment to make a loan to any veteran to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title, if the veteran is determined to be eligible for the benefits 72 Stat. 1167; 73 Stat. 472; Post, p. 1113. 38 USC 801. of such chapter 21, and is eligible for loan guaranty benefits under this chapter. “(j) (1) If any builder or sponsor proposes to construct one or more dwellings in a housing credit shortage area, or in any area for a veteran who is determined to be eligible for assistance in acquiring a 72 Stat. 1167; 73 stat. 472; Post, p. 1113. 33 USC 801. specially adapted housing unit under chapter 21 of this title, the Administrator may enter into commitment with such builder or sponsor, under which funds available for loans under this section will be reserved for a period not in excess of three months, or such longer period as the Administrator may authorize to meet the needs in any particular case, for the purpose of making loans to veterans to purchase such dwellings. Such commitment may not be assigned or transferred except with the written approval of the Administrator. The Administrator shall not enter into any such commitment unless such builder or sponsor pays a nonrefundable commitment fee to the Administrator in an amount determined by the Administrator, not to exceed 2 per cent mu of the funds reserved for such builder or sponsor. “(2) Whenever the Administrator finds that a dwelling with respect to which funds arc being reserved under this subsection has been sold, or contracted to be sold, to a veteran eligible for a direct loan under this section, the Administrator shall enter into a commitment to make the veteran a loan for the purchase of such dwelling. With respect to any loan made to an eligible veteran under this subsection, the Administrator may make advances during the construction of the dwelling, up to a maximum in advances of (A) the cost of the land plus (B) 80 per centum of the value of the construction in place.”Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(8) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(i)
Pub. L. 91–506, § 4(8), substituted provisions authorizing, Administrator to make or enter into a commitment to make, loans to assist disabled veterans in acquiring specially adapted housing if they are eligible for provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase dwellings in a housing credit shortage area provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved, authorizing the Administrator to make advances during construction of the dwelling, authorizing the Administrator to permit a private lender to purchase such loan, and permitting the Administrator to exempt dwellings constructed through assistance provided by this subsec. from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability
Source evidence
Code amendment note
Subsec. (i). Pub. L. 91–506, § 4(8), substituted provisions authorizing, Administrator to make or enter into a commitment to make, loans to assist disabled veterans in acquiring specially adapted housing if they are eligible for provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase dwellings in a housing credit shortage area provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved, authorizing the Administrator to make advances during construction of the dwelling, authorizing the Administrator to permit a private lender to purchase such loan, and permitting the Administrator to exempt dwellings constructed through assistance provided by this subsec. from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability.Enacted provision · exact public law section
(8) by striking out subsections (h), (i), and (j) and inserting in lieu thereof the following: “(h) The Administrator may exempt dwellings constructed through Minimum land planning requirements, exemption authority. assistance provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section 1804 of this title, and with respect to such dwellings may prescribe special minimum land planning and subdivision requirements which shall be in keeping with the general housing facilities in the locality but shall require that such dwellings meet minimum requirements of structural soundness and general acceptability. “(i) The Administrator is authorized, without regard to the provisions Housing for disabled veterans. of subsections (a), (b),and (c) of this sect ion, to make or enter into a commitment to make a loan to any veteran to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title, if the veteran is determined to be eligible for the benefits 72 Stat. 1167; 73 Stat. 472; Post, p. 1113. 38 USC 801. of such chapter 21, and is eligible for loan guaranty benefits under this chapter. “(j) (1) If any builder or sponsor proposes to construct one or more dwellings in a housing credit shortage area, or in any area for a veteran who is determined to be eligible for assistance in acquiring a 72 Stat. 1167; 73 stat. 472; Post, p. 1113. 33 USC 801. specially adapted housing unit under chapter 21 of this title, the Administrator may enter into commitment with such builder or sponsor, under which funds available for loans under this section will be reserved for a period not in excess of three months, or such longer period as the Administrator may authorize to meet the needs in any particular case, for the purpose of making loans to veterans to purchase such dwellings. Such commitment may not be assigned or transferred except with the written approval of the Administrator. The Administrator shall not enter into any such commitment unless such builder or sponsor pays a nonrefundable commitment fee to the Administrator in an amount determined by the Administrator, not to exceed 2 per cent mu of the funds reserved for such builder or sponsor. “(2) Whenever the Administrator finds that a dwelling with respect to which funds arc being reserved under this subsection has been sold, or contracted to be sold, to a veteran eligible for a direct loan under this section, the Administrator shall enter into a commitment to make the veteran a loan for the purchase of such dwelling. With respect to any loan made to an eligible veteran under this subsection, the Administrator may make advances during the construction of the dwelling, up to a maximum in advances of (A) the cost of the land plus (B) 80 per centum of the value of the construction in place.”Veterans’ Housing Act of 197
Pub. L. 91–506 § 4(8) · 84 Stat. 1108
Substituted · 38 U.S.C. § 3711(j)
Pub. L. 91–506, § 4(8), substituted provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase housing in a housing credit shortage area, or in any area for a disabled veteran eligible for specially adapted housing, provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved and authorizing the Administrator to make advances during construction of the dwelling for provisions authorizing the Administrator to process loan applications notwithstanding the assistance of the Voluntary Home Mortgage Credit Committee in trying to place such loans with private lenders, authorizing the Administrator to complete the processing of such loan applications unless he is notified by such Committee that it was able to place any such loan with a private lender, and defining “working days”
Source evidence
Code amendment note
Subsec. (j). Pub. L. 91–506, § 4(8), substituted provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase housing in a housing credit shortage area, or in any area for a disabled veteran eligible for specially adapted housing, provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved and authorizing the Administrator to make advances during construction of the dwelling for provisions authorizing the Administrator to process loan applications notwithstanding the assistance of the Voluntary Home Mortgage Credit Committee in trying to place such loans with private lenders, authorizing the Administrator to complete the processing of such loan applications unless he is notified by such Committee that it was able to place any such loan with a private lender, and defining “working days”.Enacted provision · exact public law section
(8) by striking out subsections (h), (i), and (j) and inserting in lieu thereof the following: “(h) The Administrator may exempt dwellings constructed through Minimum land planning requirements, exemption authority. assistance provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section 1804 of this title, and with respect to such dwellings may prescribe special minimum land planning and subdivision requirements which shall be in keeping with the general housing facilities in the locality but shall require that such dwellings meet minimum requirements of structural soundness and general acceptability. “(i) The Administrator is authorized, without regard to the provisions Housing for disabled veterans. of subsections (a), (b),and (c) of this sect ion, to make or enter into a commitment to make a loan to any veteran to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title, if the veteran is determined to be eligible for the benefits 72 Stat. 1167; 73 Stat. 472; Post, p. 1113. 38 USC 801. of such chapter 21, and is eligible for loan guaranty benefits under this chapter. “(j) (1) If any builder or sponsor proposes to construct one or more dwellings in a housing credit shortage area, or in any area for a veteran who is determined to be eligible for assistance in acquiring a 72 Stat. 1167; 73 stat. 472; Post, p. 1113. 33 USC 801. specially adapted housing unit under chapter 21 of this title, the Administrator may enter into commitment with such builder or sponsor, under which funds available for loans under this section will be reserved for a period not in excess of three months, or such longer period as the Administrator may authorize to meet the needs in any particular case, for the purpose of making loans to veterans to purchase such dwellings. Such commitment may not be assigned or transferred except with the written approval of the Administrator. The Administrator shall not enter into any such commitment unless such builder or sponsor pays a nonrefundable commitment fee to the Administrator in an amount determined by the Administrator, not to exceed 2 per cent mu of the funds reserved for such builder or sponsor. “(2) Whenever the Administrator finds that a dwelling with respect to which funds arc being reserved under this subsection has been sold, or contracted to be sold, to a veteran eligible for a direct loan under this section, the Administrator shall enter into a commitment to make the veteran a loan for the purchase of such dwelling. With respect to any loan made to an eligible veteran under this subsection, the Administrator may make advances during the construction of the dwelling, up to a maximum in advances of (A) the cost of the land plus (B) 80 per centum of the value of the construction in place.”Pub. L. 92–66 · 85 Stat. 173
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 92–66 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable under prevailing conditions in the mortgage market when agreement to sell loan is made, for provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest
Source evidence
Code amendment note
Subsec. (g). Pub. L. 92–66 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable under prevailing conditions in the mortgage market when agreement to sell loan is made, for provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest.Pub. L. 93–569 § 4 · 88 Stat. 1863
Substituted · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 93–569 substituted “$17,500” for “$12,500” wherever appearing
Source evidence
Code amendment note
Subsec. (d)(2)(A). Pub. L. 93–569 substituted “$17,500” for “$12,500” wherever appearing.Enacted provision · exact public law section
Sec. 4. Section 1811(d) (2) (A) of title 38, United States Code, is amended by striking out “$12,500” wherever it appears and inserting in lieu thereof “$17,500"”.Veterans Housing Amendments Act of 1976
Pub. L. 94–324 § 7(12) · 90 Stat. 720
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 94–324, § 7(12), substituted “the Administrator shall” for “he shall”
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 94–324, § 7(12), substituted “The Administrator” for “He”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 94–324, § 7(12), substituted “the Administrator shall” for “he shall” and “The Administrator” for “He”.Enacted provision · exact public law section
(12) by striking out. in section 1811(b) “he” and “He” and inserting in lieu thereof “the Administrator” and “The Administrator”, respectively;Veterans Housing Amendments Act of 1976
Pub. L. 94–324 § 7(13) · 90 Stat. 720
Substituted · 38 U.S.C. § 3711(c)
Pub. L. 94–324, § 7(13), substituted “the veteran” for “he” wherever appearing
Source evidence
Code amendment note
Subsec. (c). Pub. L. 94–324, § 7(13), substituted “the veteran” for “he” wherever appearing.Enacted provision · exact public law section
(13) by striking out in section 1811(c) “he” wherever it appears and inserting in lien thereof “the veteran”;Veterans Housing Amendments Act of 1976
Pub. L. 94–324 § 3(1) · 90 Stat. 720
Substituted · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 94–324, § 3(1), substituted “$33,000” for “$21,000” wherever appearing
Struck · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 94–324, § 3(1), struck out provision authorizing Administrator to increase limitations specified upon finding that cost levels so required
Source evidence
Code amendment note
Subsec. (d)(2)(A). Pub. L. 94–324, § 3(1), substituted “$33,000” for “$21,000” wherever appearing and struck out provision authorizing Administrator to increase limitations specified upon finding that cost levels so required.Enacted provision · exact public law section
(1) by striking out in paragraph (2)(A) “$21,000” the first time it appears and inserting in lieu thereof “$33,000”, by striking out in paragraph (2)(A) “$21,000”, the second time it appears and all that follows thereafter and inserting in lieu thereof “$33,000.”; andVeterans Housing Amendments Act of 1976
Pub. L. 94–324 § 3(2) · 90 Stat. 720
Struck · 38 U.S.C. § 3711(d)(3)
Pub. L. 94–324, § 3(2), increased aggregate amount of loans that a veteran is eligible to receive under this section from $21,000 to $33,000 and struck out provision authorizing Administrator to increase specific limitations upon such loans
Source evidence
Code amendment note
Subsec. (d)(3). Pub. L. 94–324, § 3(2), increased aggregate amount of loans that a veteran is eligible to receive under this section from $21,000 to $33,000 and struck out provision authorizing Administrator to increase specific limitations upon such loans.Enacted provision · exact public law section
(2) by striking out in paragraph (3) “$21,000;” and all that follows thereafter and inserting in lieu thereof “$33,000.”.Veterans Housing Amendments Act of 1976
Pub. L. 94–324 § 7(14) · 90 Stat. 720
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 94–324, § 7(14), substituted “the Administrator” for “him” and “he” wherever appearing
Source evidence
Code amendment note
Subsec. (g). Pub. L. 94–324, § 7(14), substituted “the Administrator” for “him” and “he” wherever appearing.Enacted provision · exact public law section
(14) by striking out in section 1811(g) “him” and “he” and inserting in lieu thereof “the Administrator”;Veterans Housing Amendments Act of 1976
Pub. L. 94–324 § 7(15) · 90 Stat. 720
Substituted · 38 U.S.C. § 3711(k)
Pub. L. 94–324, § 7(15), substituted “the Administrator’s” for “his” wherever appearing
Substituted · 38 U.S.C. § 3711(k)
Pub. L. 94–324, § 7(15), substituted “as the Administrator” for “as he” wherever appearing
Source evidence
Code amendment note
Subsec. (k). Pub. L. 94–324, § 7(15), substituted “the Administrator’s” for “his” wherever appearing and “as the Administrator” for “as he” wherever appearing.Enacted provision · exact public law section
(15) by striking out in section 1811 (k) “his” and “he” wherever they appear and inserting in lieu thereof “the Administrator’s” and “the Administrator”, respectively;Veterans’ Housing Benefits Act of 1978
Pub. L. 95–476 § 105(b)(1) · 92 Stat. 1497
Substituted · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 95–476, § 105(b)(1), substituted “$25,000” for “$17,500” in two places
Source evidence
Code amendment note
Subsec. (d)(2)(A). Pub. L. 95–476, § 105(b)(1), substituted “$25,000” for “$17,500” in two places.Enacted provision · exact public law section
(1) Subparagraph (A) of section 1811(d)(2) is amended by 38 USC 1811. striking out “$17,500” both places it appears and inserting in lieu thereof “$25,000”.Veterans’ Housing Benefits Act of 1978
Pub. L. 95–476 § 105(b)(2) · 92 Stat. 1497
Substituted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 95–476, § 105(b)(2), substituted formula for determining maximum amount of original principal of any loan made under this section for purposes of section 1819 of this title for provision that such original amount was not to exceed amount specified by Administrator pursuant to section 1819(d) of this title
Inserted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 95–476, § 105(b)(2), inserted provision relating to amount of guaranty entitlement under section 1810(c) of this title
Source evidence
Code amendment note
Subsec. (d)(2)(B). Pub. L. 95–476, § 105(b)(2), substituted formula for determining maximum amount of original principal of any loan made under this section for purposes of section 1819 of this title for provision that such original amount was not to exceed amount specified by Administrator pursuant to section 1819(d) of this title and inserted provision relating to amount of guaranty entitlement under section 1810(c) of this title.Enacted provision · exact public law section
(2) Subparagraph (B) of such section is amended by striking out “specified by the Administrator” and all that follows in such subparagraph and inserting in lieu thereof “that bears the same ratio to $33,000 as the amount of guaranty to which the veteran is entitled under such section at the time the loan is made bears to $17,500. The amount of the guaranty entitlement under section 1810(c) of this title of any veteran who is granted a loan under this section, or who before the date of the enactment of the Veterans’ Housing Benefits Act of 1978 was granted a loan under this section, shall be charged with the amount that bears the same ratio to $17,500 as the amount of the loan bears to $33,000.”.Veterans’ Disability Compensation and Housing Benefits Amendments of 1980
Pub. L. 96–385 § 401(c)(2) · 94 Stat. 1528
Inserted · 38 U.S.C. § 3711(b)
Pub. L. 96–385, § 401(c)(2), inserted “(other than the refinancing of a loan under section 1810(a)(8) or 1819(a)(1)(F))” after “section 1810(a) or 1819 of this title”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 96–385, § 401(c)(2), inserted “(other than the refinancing of a loan under section 1810(a)(8) or 1819(a)(1)(F))” after “section 1810(a) or 1819 of this title”.Enacted provision · exact public law section
(2) The second sentence of section 1811(b) is amended by inserting “(other than the refinancing of a loan under section 1810(a)(8) or 1819(a)(1)(F))” after “section 1810(a) or 1819 of this title”.Veterans’ Disability Compensation and Housing Benefits Amendments of 1980
Pub. L. 96–385 § 402(b) · 94 Stat. 1528
Substituted · 38 U.S.C. § 3711(d)(2)
Pub. L. 96–385, § 402(b), substituted in two places “$27,500” for “$25,000” in two places in subpar. (B)
Substituted · 38 U.S.C. § 3711(d)(2)
Pub. L. 96–385, § 402(b), substituted in two places “$20,000” for “$17,500” in two places in subpar. (B)
Source evidence
Code amendment note
Subsec. (d)(2). Pub. L. 96–385, § 402(b), substituted in two places “$27,500” for “$25,000” in subpar. (A) and “$20,000” for “$17,500” in two places in subpar. (B).Enacted provision · exact public law section
(b) Section 1811(d)(2) is amended— 38 USC 1811. (1) by striking out “$25,000” both places it appears in subparagraph (A) and inserting in lieu thereof “$27,500”; and (2) by striking out “$17,500” both places it appears in subparagraph (B) and inserting in lieu thereof “$20,000”.Pub. L. 97–295 § 4(65)(A) · 96 Stat. 1287
Substituted · 38 U.S.C. § 3711(c)(2)
Pub. L. 97–295, § 4(65)(A), substituted “title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) or title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.)” for “sections 1000–1029 of title 7 or under sections 1471–1483 of title 42”
Source evidence
Code amendment note
Subsec. (c)(2). Pub. L. 97–295, § 4(65)(A), substituted “title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) or title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.)” for “sections 1000–1029 of title 7 or under sections 1471–1483 of title 42”.Enacted provision · exact public law section
(A) in subsection (c)(2), by striking out “sections 1000–1029 of title 7 or under sections 1471–1483 of title 42” and substituting “title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) or title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.)”;Pub. L. 97–295 § 4(65)(B) · 96 Stat. 1287
Substituted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 97–295, § 4(65)(B), substituted “October 18, 1978,” for “the date of the enactment of the Veterans’ Housing Benefits Act of 1978”
Source evidence
Code amendment note
Subsec. (d)(2)(B). Pub. L. 97–295, § 4(65)(B), substituted “October 18, 1978,” for “the date of the enactment of the Veterans’ Housing Benefits Act of 1978”.Enacted provision · exact public law section
(B) in subsection (d)(2)(B), by striking out “the date of the enactment of the Veterans’ Housing Benefits Act of 1978” and substituting “October 18, 1978,”; andPub. L. 97–295 § 4(65)(C) · 96 Stat. 1287
Substituted · 38 U.S.C. § 3711(j)
Pub. L. 97–295, § 4(65)(C), substituted “percent” for “per centum” wherever appearing
Source evidence
Code amendment note
Subsec. (j). Pub. L. 97–295, § 4(65)(C), substituted “percent” for “per centum” wherever appearing.Enacted provision · exact public law section
(C) in subsection (j), by striking out “per centum” wherever it appears and substituting “percent”.Veterans’ Compensation, Education, and Employment Amendments of 1982
Pub. L. 97–306 § 406(c)(1) · 96 Stat. 1429
Substituted · 38 U.S.C. § 3711(c)(1)
Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”
Source evidence
Code amendment note
Subsec. (c)(1). Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”.Enacted provision · exact public law section
(1) Section 1811 is amended by striking out “mobile home” in 38 USC 1811. subsections (c)(1) and (d)(1) and inserting in lieu thereof “manufactured home”.Veterans’ Compensation, Education, and Employment Amendments of 1982
Pub. L. 97–306 § 406(c)(1) · 96 Stat. 1429
Substituted · 38 U.S.C. § 3711(d)(1)
Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”
Source evidence
Code amendment note
Subsec. (d)(1). Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”.Enacted provision · exact public law section
(1) Section 1811 is amended by striking out “mobile home” in 38 USC 1811. subsections (c)(1) and (d)(1) and inserting in lieu thereof “manufactured home”.Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987
Pub. L. 100–198 § 3(c) · 101 Stat. 1315
Substituted · 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 100–198 substituted “$36,000” for “$27,500” in two places
Source evidence
Code amendment note
Subsec. (d)(2)(A). Pub. L. 100–198 substituted “$36,000” for “$27,500” in two places.Enacted provision · exact public law section
(c) Direct Loans.— Section 1811(d)(2)(A) is amended by striking out “$27,500” each place it appears and inserting in lieu thereof “$36,000”.Veterans
Pub. L. 100–322 § 415(c)(5)(A) · 102 Stat. 487
Substituted · 38 U.S.C. § 3711(a)
Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”.Enacted provision · exact public law section
(A) by striking out “1819” each place it appears and inserting in lieu thereof “1812”; andVeterans
Pub. L. 100–322 § 415(c)(5) · 102 Stat. 487
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 100–322, § 415(c)(5), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 100–322, § 415(c)(5), (d)(2)(A), substituted “section 1810(a) or 1812” for “section 1810(a) or 1819”
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 100–322, § 415(c)(5), (d)(2)(A), substituted “section 1812(a)(1)(F)” for “section 1819(a)(1)(F)”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 100–322, § 415(c)(5), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”, “section 1810(a) or 1812” for “section 1810(a) or 1819”, and “section 1812(a)(1)(F)” for “section 1819(a)(1)(F)”.Enacted provision · exact public law section
(5) Section 1811 is amended— (A) by striking out “1819” each place it appears and inserting in lieu thereof “1812”; and (B) in subsection (b), by striking out “1819(a)(1)(F)” and inserting in lieu thereof “1812(a)(1)(F)”.Veterans
Pub. L. 100–322 § 415(c)(5)(A) · 102 Stat. 487
Substituted · 38 U.S.C. § 3711(c)(1); 38 U.S.C. § 3711(d)(2)(A)
Pub. L. 100–322, § 415(c)(5)(A), substituted “1812” for “1819”
Source evidence
Code amendment note
Subsecs. (c)(1), (d)(2)(A). Pub. L. 100–322, § 415(c)(5)(A), substituted “1812” for “1819”.Enacted provision · exact public law section
(A) by striking out “1819” each place it appears and inserting in lieu thereof “1812”; andVeterans
Pub. L. 100–322 § 415(c)(5)(A) · 102 Stat. 487
Substituted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(B), substituted “1812” for “1819”
Substituted · 38 U.S.C. § 3711(d)(2)(B)
Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(B), substituted “for purposes specified in section 1810” for “under section 1810(c)”
Source evidence
Code amendment note
Subsec. (d)(2)(B). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(B), substituted “1812” for “1819” and “for purposes specified in section 1810” for “under section 1810(c)”.Enacted provision · exact public law section
(A) by striking out “1819” each place it appears and inserting in lieu thereof “1812”; andVeterans
Pub. L. 100–322 § 415(c)(5)(A) · 102 Stat. 487
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”
Source evidence
Code amendment note
Subsec. (g). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”.Enacted provision · exact public law section
(A) by striking out “1819” each place it appears and inserting in lieu thereof “1812”; andVeterans Home Loan Indemnity and Restructuring Act of 1989
Pub. L. 101–237 title III § 313(b)(1) · 103 Stat. 2062
Substituted · 38 U.S.C. § 3711(b)(d)(1)(e)(k)
Pub. L. 101–237 substituted “Secretary” and “Secretary’s” for “Administrator” and “Administrator’s”, respectively, wherever appearing
Source evidence
Code amendment note
Subsecs. (b) to (d)(1), (e) to (k). Pub. L. 101–237 substituted “Secretary” and “Secretary’s” for “Administrator” and “Administrator’s”, respectively, wherever appearing.Enacted provision · exact public law section
(1) Chapters 23, 24, and 37 are amended by striking out “Administrator” and “Administrator’s” each place such terms appear (other than in sections 906(e)(2) and 1812(h)(2)(B) and in section 1845(a) the third place “Administrator” appears) and inserting in lieu thereof “Secretary” and “Secretary’s”, respectively.Pub. L. 102–83 § 5(a) · 105 Stat. 378
Changed · 38 U.S.C. § 3711
Pub. L. 102–83, § 5(a), renumbered section 1811 of this title as this section
Source evidence
Code amendment note
Pub. L. 102–83, § 5(a), renumbered section 1811 of this title as this section.Enacted provision · exact public law section
(a) Redesignation of Sections to Conform to Chapter Numbers.— Each section contained in any of chapters 11 through 23 is redesignated by replacing the first digit of the section number with the number of the chapter containing that section. Each section contained in any of chapters 24 through 42 is redesignated so that the first two digits of the section number of that section are the same as the chapter number of the chapter containing that section.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(a)
Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”
Source evidence
Code amendment note
Subsec. (a). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 102–83, § 5(c)(1), substituted “3710(a) or 3712” for “1810(a) or 1812”
Substituted · 38 U.S.C. § 3711(b)
Pub. L. 102–83, § 5(c)(1), substituted “3710(a)(8) or 3712(a)(1)(F))” for “1810(a)(8) or 1812(a)(1)(F))”
Source evidence
Code amendment note
Subsec. (b). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”, “3710(a) or 3712” for “1810(a) or 1812”, and “3710(a)(8) or 3712(a)(1)(F))” for “1810(a)(8) or 1812(a)(1)(F))”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(c)(1)
Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”
Source evidence
Code amendment note
Subsec. (c)(1). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(d)(2)
Pub. L. 102–83, § 5(c)(1), substituted “3712” for “1812” in subpars. (A) and (B)
Substituted · 38 U.S.C. § 3711(d)(2)
Pub. L. 102–83, § 5(c)(1), substituted “3710” for “1810” in subpars. (A) and (B)
Source evidence
Code amendment note
Subsec. (d)(2). Pub. L. 102–83, § 5(c)(1), substituted “3712” for “1812” and “3710” for “1810” in subpars. (A) and (B).Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(e)
Pub. L. 102–83, § 5(c)(1), substituted “3710(a)” for “1810(a)”
Source evidence
Code amendment note
Subsec. (e). Pub. L. 102–83, § 5(c)(1), substituted “3710(a)” for “1810(a)”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(g)
Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”
Source evidence
Code amendment note
Subsec. (g). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(h)
Pub. L. 102–83, § 5(c)(1), substituted “3704” for “1804”
Source evidence
Code amendment note
Subsec. (h). Pub. L. 102–83, § 5(c)(1), substituted “3704” for “1804”.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378
Substituted · 38 U.S.C. § 3711(k)
Pub. L. 102–83, § 5(c)(1), substituted “3723” for “1823” in two places
Source evidence
Code amendment note
Subsec. (k). Pub. L. 102–83, § 5(c)(1), substituted “3723” for “1823” in two places.Enacted provision · exact public law section
(1) Each provision of title 38, United States Code, that contains a reference to a section redesignated by subsection (a) is amended so that the reference refers to the section as redesignated.Pub. L. 105–368 title VI § 602(e)(1)(B) · 112 Stat. 3315
Struck · 38 U.S.C. § 3711(k)
Pub. L. 105–368 struck out “and section 3723 of this title” after “functions under this section” in two places
Source evidence
Code amendment note
Subsec. (k). Pub. L. 105–368 struck out “and section 3723 of this title” after “functions under this section” in two places.Enacted provision · exact public law section
(B) Section 3711(k) is amended by striking “and section 3723 of this title” both places it appears.Effective date note
Amendment by Pub. L. 105–368 effective Oct. 1, 1998, see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.
62 of 65 references resolved to an enrolled provision · 3 partial
Editorial Notes
References in Text
Title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.), referred to in subsec. (c)(2), probably means title III of Pub. L. 87–128, , 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to chapter 50 (§ 1921 et seq.) of Title 7, Agriculture. For complete classification of this Act to the Code, see Short Title note set out under section 1921 of Title 7 and Tables.
The Housing Act of 1949, referred to in subsec. (c)(2), is act July 15, 1949, ch. 338, 63 Stat. 413. Title V of the Housing Act of 1949 is classified generally to subchapter III (§ 1471 et seq.) of chapter 8A of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 1441 of Title 42 and Tables.
Amendments1960–1998 · 19 rounds
1998
Subsec. (k). Pub. L. 105–368 struck out “and section 3723 of this title” after “functions under this section” in two places.
1991
Pub. L. 102–83, § 5(a), renumbered section 1811 of this title as this section.
Subsec. (a). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.
Subsec. (b). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”, “3710(a) or 3712” for “1810(a) or 1812”, and “3710(a)(8) or 3712(a)(1)(F))” for “1810(a)(8) or 1812(a)(1)(F))”.
Subsec. (c)(1). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.
Subsec. (d)(2). Pub. L. 102–83, § 5(c)(1), substituted “3712” for “1812” and “3710” for “1810” in subpars. (A) and (B).
Subsec. (e). Pub. L. 102–83, § 5(c)(1), substituted “3710(a)” for “1810(a)”.
Subsec. (g). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3712” for “1810 or 1812”.
Subsec. (h). Pub. L. 102–83, § 5(c)(1), substituted “3704” for “1804”.
Subsec. (k). Pub. L. 102–83, § 5(c)(1), substituted “3723” for “1823” in two places.
1989
Subsecs. (b) to (d)(1), (e) to (k). Pub. L. 101–237 substituted “Secretary” and “Secretary’s” for “Administrator” and “Administrator’s”, respectively, wherever appearing.
1988
Subsec. (a). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”.
Subsec. (b). Pub. L. 100–322, § 415(c)(5), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”, “section 1810(a) or 1812” for “section 1810(a) or 1819”, and “section 1812(a)(1)(F)” for “section 1819(a)(1)(F)”.
Subsecs. (c)(1), (d)(2)(A). Pub. L. 100–322, § 415(c)(5)(A), substituted “1812” for “1819”.
Subsec. (d)(2)(B). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(B), substituted “1812” for “1819” and “for purposes specified in section 1810” for “under section 1810(c)”.
Subsec. (g). Pub. L. 100–322, § 415(c)(5)(A), (d)(2)(A), substituted “for purposes specified in section 1810 or 1812” for “under section 1810 or 1819”.
1987
Subsec. (d)(2)(A). Pub. L. 100–198 substituted “$36,000” for “$27,500” in two places.
1982
Subsec. (c)(1). Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”.
Subsec. (c)(2). Pub. L. 97–295, § 4(65)(A), substituted “title III of the Consolidated Farm and Rural Development Act (7 U.S.C. 1921 et seq.) or title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.)” for “sections 1000–1029 of title 7 or under sections 1471–1483 of title 42”.
Subsec. (d)(1). Pub. L. 97–306, § 406(c)(1), substituted “manufactured home” for “mobile home”.
Subsec. (d)(2)(B). Pub. L. 97–295, § 4(65)(B), substituted “,” for “the date of the enactment of the Veterans’ Housing Benefits Act of 1978”.
Subsec. (j). Pub. L. 97–295, § 4(65)(C), substituted “percent” for “per centum” wherever appearing.
1980
Subsec. (b). Pub. L. 96–385, § 401(c)(2), inserted “(other than the refinancing of a loan under section 1810(a)(8) or 1819(a)(1)(F))” after “section 1810(a) or 1819 of this title”.
Subsec. (d)(2). Pub. L. 96–385, § 402(b), substituted in two places “$27,500” for “$25,000” in subpar. (A) and “$20,000” for “$17,500” in two places in subpar. (B).
1978
Subsec. (d)(2)(A). Pub. L. 95–476, § 105(b)(1), substituted “$25,000” for “$17,500” in two places.
Subsec. (d)(2)(B). Pub. L. 95–476, § 105(b)(2), substituted formula for determining maximum amount of original principal of any loan made under this section for purposes of section 1819 of this title for provision that such original amount was not to exceed amount specified by Administrator pursuant to section 1819(d) of this title and inserted provision relating to amount of guaranty entitlement under section 1810(c) of this title.
1976
Subsec. (b). Pub. L. 94–324, § 7(12), substituted “the Administrator shall” for “he shall” and “The Administrator” for “He”.
Subsec. (c). Pub. L. 94–324, § 7(13), substituted “the veteran” for “he” wherever appearing.
Subsec. (d)(2)(A). Pub. L. 94–324, § 3(1), substituted “$33,000” for “$21,000” wherever appearing and struck out provision authorizing Administrator to increase limitations specified upon finding that cost levels so required.
Subsec. (d)(3). Pub. L. 94–324, § 3(2), increased aggregate amount of loans that a veteran is eligible to receive under this section from $21,000 to $33,000 and struck out provision authorizing Administrator to increase specific limitations upon such loans.
Subsec. (g). Pub. L. 94–324, § 7(14), substituted “the Administrator” for “him” and “he” wherever appearing.
Subsec. (k). Pub. L. 94–324, § 7(15), substituted “the Administrator’s” for “his” wherever appearing and “as the Administrator” for “as he” wherever appearing.
1974
Subsec. (d)(2)(A). Pub. L. 93–569 substituted “$17,500” for “$12,500” wherever appearing.
1971
Subsec. (g). Pub. L. 92–66 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable under prevailing conditions in the mortgage market when agreement to sell loan is made, for provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest.
1970
Subsec. (a). Pub. L. 91–506, § 4(1), substituted “1810 or 1819” for “1810”.
Subsec. (b). Pub. L. 91–506, § 4(1), (2), substituted “1810 or 1819” for “1810” and provided that the Administrator make, or enter into commitments to make, to any eligible veteran, a loan for any of the purposes described in section 1819 dealing with loans to purchase mobile homes and lots as well as section 1810(a) dealing with the purchase or construction of homes.
Subsecs. (c)(1), (d)(1). Pub. L. 91–506, § 4(3), (4), inserted reference to mobile home loans.
Subsec. (d)(2)(A). Pub. L. 91–506, § 4(5), redesignated subsec. (d)(2) as subsec. (d)(2)(A) and substituted “Except for any loan made under this chapter for the purposes described in section 1819 of this title, the” for “The”.
Subsec. (d)(2)(B). Pub. L. 91–506, § 4(6), inserted provision limiting the original principal amount of any loan made under this section for the purchase of mobile homes and mobile home lots under section 1819 of this title to the amount specified by the Administrator pursuant to subsec. (d) of section 1819.
Subsec. (g). Pub. L. 91–506, § 4(7), substituted “1810 or 1819 of this title, as appropriate” for “1810 of this title”.
Subsec. (h). Pub. L. 91–506, § 4(8), substituted provisions permitting Administrator to exempt dwellings constructed through assistance provided by this section from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability for provisions establishing a direct loan expiration date by reference to those for guaranteed loans.
Subsec. (i). Pub. L. 91–506, § 4(8), substituted provisions authorizing, Administrator to make or enter into a commitment to make, loans to assist disabled veterans in acquiring specially adapted housing if they are eligible for provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase dwellings in a housing credit shortage area provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved, authorizing the Administrator to make advances during construction of the dwelling, authorizing the Administrator to permit a private lender to purchase such loan, and permitting the Administrator to exempt dwellings constructed through assistance provided by this subsec. from the minimum land planning and subdivision requirements of this title so long as such dwellings meet minimum requirements of structural soundness and general acceptability.
Subsec. (j). Pub. L. 91–506, § 4(8), substituted provisions authorizing Administrator to reserve funds available for loans to enable veterans to purchase housing in a housing credit shortage area, or in any area for a disabled veteran eligible for specially adapted housing, provided the builder pays a nonrefundable commitment fee, not to exceed 2 percent of the funds reserved and authorizing the Administrator to make advances during construction of the dwelling for provisions authorizing the Administrator to process loan applications notwithstanding the assistance of the Voluntary Home Mortgage Credit Committee in trying to place such loans with private lenders, authorizing the Administrator to complete the processing of such loan applications unless he is notified by such Committee that it was able to place any such loan with a private lender, and defining “working days”.
1969
Subsec. (d)(2), (3). Pub. L. 91–22 substituted “$21,000” for “$17,500” wherever appearing.
1968
Subsec. (d)(2). Pub. L. 90–301 substituted “$12,500” for “$7,500” in two places.
1967
Subsec. (d)(2). Pub. L. 90–77, § 404(a), authorized an increase in amount of direct loan limits from $17,500 to $25,000 where Administrator finds cost levels so require.
Subsec. (d)(3). Pub. L. 90–77, § 404(b), authorized an increase in aggregate amount of direct loans to $25,000 where Administrator finds cost levels so require.
1966
Subsec. (d)(2), (3), Pub. L. 89–358 substituted “$17,500” for “$15,000” wherever appearing.
1964
Subsec. (g). Pub. L. 88–402 substituted provisions authorizing Administrator to sell loans at a price which he determines to be reasonable but not less than 98 per centum of unpaid principal balance, plus full amount of accrued interest, and if loans are offered to an investor in a package or block of two or more loans at not less than 98 per centum of aggregate unpaid principal balance of loans included in such package or block, plus full amount of accrued interest, for provisions which permitted Administrator to sell loans only at a price not less than par.
1961
Subsec. (d)(2), (3). Pub. L. 87–84, § 2(a), substituted “$15,000” for “$13,500” wherever appearing.
Subsec. (h). Pub. L. 87–84, § 2(b), substituted “to any veteran after the expiration of his entitlement pursuant to section 1803(a)(3) of this title except pursuant to a commitment issued by the Administrator before such entitlement expires” for “after , except pursuant to commitments issued by the Administrator before that date.”
1960
Subsec. (h). Pub. L. 86–665 substituted “1962” for “1960”.
Statutory Notes and Related Subsidiaries
Effective Date of 1998 Amendment
Amendment by Pub. L. 105–368 effective , see section 602(f) of Pub. L. 105–368, set out as a note under section 2106 of this title.
Effective Date of 1987 Amendment
Amendment by section 3(c) of Pub. L. 100–198 applicable to loans closed on or after , but not applicable to any loan for which a guaranty commitment is made on or before , see section 3(d) of Pub. L. 100–198, set out as a note under section 3703 of this title.
Effective Date of 1980 Amendment
Amendment by sections 401(c)(2) and 402(b) of Pub. L. 96–385 effective , and , respectively, see section 601(b), (d) of Pub. L. 96–385, set out as a note under section 1114 of this title.
Effective Date of 1978 Amendment
Amendment by Pub. L. 95–476 effective , see section 108(a) of Pub. L. 95–476, set out as a note under section 3702 of this title.
Effective Date of 1976 Amendment
Amendment by sections 3 and 7(12)–(15) of Pub. L. 94–324 effective , and , respectively, see section 9(a), (b) of Pub. L. 94–324, set out as a note under section 3701 of this title.
Effective Date of 1974 Amendment
Amendment by Pub. L. 93–569 effective , see section 10 of Pub. L. 93–569, set out as a note under section 3702 of this title.
Effective Date of 1967 Amendment
Amendment by Pub. L. 90–77 effective first day of first calendar month which begins more than ten days after , see section 405 of Pub. L. 90–77, set out as a note under section 101 of this title.
Credits
1958–1998 · 21 acts
- 1958Pub. L. 85–857, , 72 Stat. 1208, § 1811
- 1960Pub. L. 86–665, § 2, , 74 Stat. 531
- 1961Pub. L. 87–84, § 2, , 75 Stat. 201
- 1964Pub. L. 88–402, , 78 Stat. 380
- 1966Pub. L. 89–358, § 5(e), , 80 Stat. 26
- 1967Pub. L. 90–77, title IV, § 404, , 81 Stat. 190
- 1968Pub. L. 90–301, § 1(b), , 82 Stat. 113
- 1969Pub. L. 91–22, § 3, , 83 Stat. 32
- 1970Pub. L. 91–506, § 4, , 84 Stat. 1109
- 1971Pub. L. 92–66, , 85 Stat. 173
- 1974Pub. L. 93–569, § 4, , 88 Stat. 1864
- 1976Pub. L. 94–324, §§ 3, 7(12)–(15), , 90 Stat. 720, 721
- 1978Pub. L. 95–476, title I, § 105(b), , 92 Stat. 1499
- 1980Pub. L. 96–385, title IV, §§ 401(c)(2), 402(b), , 94 Stat. 1533
- 1982Pub. L. 97–295, § 4(65), , 96 Stat. 1309
- 1982Pub. L. 97–306, title IV, § 406(c)(1), , 96 Stat. 1445
- 1987Pub. L. 100–198, § 3(c), , 101 Stat. 1316
- 1988Pub. L. 100–322, title IV, § 415(c)(5), (d)(2) , 102 Stat. 551, 552
- 1989Pub. L. 101–237, title III, § 313(b)(1), , 103 Stat. 2077
- 1991renumbered § 3711 and amended Pub. L. 102–83, § 5(a), (c)(1), , 105 Stat. 406
- 1998Pub. L. 105–368, title VI, § 602(e)(1)(B), , 112 Stat. 3346.
Show as published
(Pub. L. 85–857, , 72 Stat. 1208, § 1811; Pub. L. 86–665, § 2, , 74 Stat. 531; Pub. L. 87–84, § 2, , 75 Stat. 201; Pub. L. 88–402, , 78 Stat. 380; Pub. L. 89–358, § 5(e), , 80 Stat. 26; Pub. L. 90–77, title IV, § 404, , 81 Stat. 190; Pub. L. 90–301, § 1(b), , 82 Stat. 113; Pub. L. 91–22, § 3, , 83 Stat. 32; Pub. L. 91–506, § 4, , 84 Stat. 1109; Pub. L. 92–66, , 85 Stat. 173; Pub. L. 93–569, § 4, , 88 Stat. 1864; Pub. L. 94–324, §§ 3, 7(12)–(15), , 90 Stat. 720, 721; Pub. L. 95–476, title I, § 105(b), , 92 Stat. 1499; Pub. L. 96–385, title IV, §§ 401(c)(2), 402(b), , 94 Stat. 1533; Pub. L. 97–295, § 4(65), , 96 Stat. 1309; Pub. L. 97–306, title IV, § 406(c)(1), , 96 Stat. 1445; Pub. L. 100–198, § 3(c), , 101 Stat. 1316; Pub. L. 100–322, title IV, § 415(c)(5), (d)(2) , 102 Stat. 551, 552; Pub. L. 101–237, title III, § 313(b)(1), , 103 Stat. 2077; renumbered § 3711 and amended Pub. L. 102–83, § 5(a), (c)(1), , 105 Stat. 406; Pub. L. 105–368, title VI, § 602(e)(1)(B), , 112 Stat. 3346.)