§ 3712. Loans to purchase manufactured homes and lots

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.

1. 1970

   Veterans’ Housing Act of 197

   Pub. L. 91–506 § 5 · 84 Stat. 1108

   Enacted · 38 U.S.C. § 3712

   Added Pub. L. 91–506, § 5, Oct. 23, 1970, 84 Stat. 1110, § 1819

   Source evidence

   Code source credit
   Added Pub. L. 91–506, § 5, Oct. 23, 1970, 84 Stat. 1110, § 1819

   Enacted provision · exact public law section
   Sec. 5. Subchapter II of chapter 37 of title 38, United States Code, is amended by adding at the end thereof the following new section: “§ 1819. Loans to purchase mobile homes and mobile home lots “(a) Notwithstanding any other provision of this chapter, any veteran eligible for loan guaranty benefits under this chapter who has maximum home loan guaranty entitlement available for use shall be eligible for the mobile home loan guaranty benefit under this section. Use of the mobile home loan guaranty benefit provided by this section shall preclude the use of any home loan guaranty entitlement under any other section of this chapter until the mobile home loan guaranteed under this section has been paid in full. “(b) Subject to the limitations in subsection (d) of this section, a loan to purchase a mobile home under this section may include (or be augmented by a separate loan for) (1) an amount to finance the acquisition of a lot on which to place such home, and (2) an additional amount to pay expenses reasonably necessary for the appropriate preparation of such a lot, including, but not limited to, the installation of utility connections, sanitary facilities and paving, and the construction of a suitable pad. “(c) (1) Any loan to a veteran eligible under subsection (a) shall be guaranteed by the Administrator if (1) the loan is for the purpose of purchasing a new mobile home or for the purchase of a used mobile home which is the security for a prior loan guaranteed or made under this section or for a loan guaranteed, insured or made by another Federal agency, and (2) the loan complies in all other respects with the requirements of this section. Loans for such purpose (including those which will also finance the acquisition of a lot or site preparation as authorized by subsection (b) of this section) shall be submitted to the Administrator for approval prior to loan closing except that the Administrator may exempt any lender of a class listed in section 72 Stat. 1204; 73 Stat. 156. 1802(d) of this title from compliance with such prior approval requirement if he determines that the experience of such lender or class of lenders in mobile home financing warrants such exemption. “(2) Upon determining that a loan submitted for prior approval is eligible for guaranty under this section, the Administrator shall issue a commitment to guarantee such loan and shall thereafter guarantee the loan when made if such loan qualifies therefor in all respects. “(3) The Administrator’s guaranty shall not exceed 30 per centum of the loan, including any amount for lot acquisition and site preparation, and payment of such guaranty shall be made only after liquidation of the security for the loan and the filing of an accounting with the Administrator. In any such accounting the Administrator shall permit to be included therein accrued unpaid interest from the date of the first uncured default, to such cutoff date as the Administrator may establish, and he shall allow the holder of the loan to charge against the liquidation or resale proceeds, accrued interest from the cutoff date established to such further date as he may determine and such costs and expenses as he determines to 1 reasonable and proper. The liability of the United States under the guaranty provided for by this section shall decrease or increase pro rata with any decrease or increase of the amount of the unpaid portion of the obligation. “(d) (1) The Administrator shall establish a loan maximum for Maximum loan amounts. each type of loan authorized by this section. In the case of a new mobile home, the Administrator may establish a maximum loan amount based on the manufacturer’s invoice cost to the dealer and such other cost factors as the Administrator considers proper to take into account. In the case of a used mobile home, the Administrator shall establish a maximum loan amount based on his determination of the reasonable value of the property. In the case of any lot on which to place a mobile home financed through the assistance of this section and in the case of necessary site preparation, the loan amount shall not be increased by an amount in excess of the reasonable value of such lot or an amount appropriate to cover the cost of necessary site preparation or both, as determined by the Administrator. “(2) The maximum permissible loan amounts and the term for which the loans are made shall not exceed— “(A) $10,000 for twelve years and thirty-two days in the case of a loan covering the purchase of a mobile home only, and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation where the veteran owns the lot, or “(B) $15,000 (but not to exceed $10,000 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a mobile’home and an undeveloped lot on which to place such home, and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(C) $17,500 (but not to exceed $10,000 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a mobile home and a suitably developed lot on which to place such home. . , “(3) Such limitations set forth in paragraph (2) of this subsection on the amount and term of any loan shall not be deemed to preclude the Administrator, under regulations which he shall prescribe, from consenting to necessary advances for the protection of the security or the holder’s lien, or to a reasonable extension of the term or re amortization of such loan. “(e) No loan shall be guaranteed under this section unless— Conditions. “(1) the loan is repayable in approximately equal monthly installments; “(2) the terms of repayment bear a proper relationship to the veteran’s present and anticipated income and expenses, and the veteran is a satisfactory credit risk, taking into account the purpose of this program to make available lower cost housing to low and lower income veterans, especially those who have been recently discharged or released from active military, naval, or air service, who may not have previously established credit ratings; “(3) the loan is secured by a first lien on the mobile home and any lot acquired or improved with the proceeds of the loan; “(4) the amount of the loan, subject to the maximums established in subparagraph (d) of this section, is not in excess of the maximum amount prescribed by the Administrator; “(5) the veteran certifies, in such form as the Administrator shall prescribe, that he will personally occupy the property as his home; “(6) the mobile home is or will be placed on a site which meets specifications which the Administrator shall establish by regulation; and “(7) the interest rate to be charged on the loan does not exceed the permissible rate established by the Administrator. “(f) The Administrator shall establish such rate of interest for mobile home loans as he determines to be necessary in order to assure a reasonable supply of mobile home loan financing for veterans under this section. “(g) Entitlement to the loan guaranty benefit used under this section shall be restored a single time for any veteran by the Administrator provided the first loan has been repaid in full. “(h) The Administrator shall promulgate such regulations as he determines to be necessary or appropriate in order to fully implement the provisions of this section, and such regulations may specify which provisions in other sections of this chapter he determines should be applicable to loans guaranteed or made under this section. The Administrator shall have such powers and responsibilities in respect to matters arising under this section as he has in respect to loans made or guaranteed or under other sections of this chanter. “(i) No loan for the purchase of a mobile home shall be guaranteed under this section unless the mobile home and lot, if any, meet or exceed standards for planning, construction, and general acceptability as prescribed by the Administrator. Such standards shall be designed to encourage the maintenance and development of sites for mobile homes which will be attractive residential areas and which will be free from, and not substantially contribute to, adverse scenic or environmental conditions. For the purpose of assuring compliance with such standards, the Administrator shall from time to time inspect the manufacturing process of mobile homes to be sold to veterans and conduct random onsite inspections of mobile homes purchased with assistance under this chapter. “(j) The Administrator shall require the manufacturer to become a warrantor of any new mobile home which is approved for purchase with financing through the assistance of this chapter and to furnish to the purchaser a written warranty in such form as the Administrator shall require. Such warranty shall include (1) a specific statement that the mobile home meets the standards prescribed by the Administrator pursuant to the provisions of subsection (i) of this section ; and (2) a provision that the warrantor’s liability to the purchaser or owner is limited under the warranty to instances of substantial non-conformity to such standards which become evident within one year from date of purchase and as to which the purchaser or owner gives written notice to the warrantor not later than ten days after the end of the warranty period. The warranty prescribed herein shall be in addition to, and not in derogation of, all other rights and privileges which such purchaser or owner may have under any other law or instrument and shall so provide in the warranty document. “(k) Subject to notice and opportunity for a hearing, the Administrator is authorized to deny guaranteed or direct loan financing in the case of mobile homes constructed by any manufacturer who refuses to permit the inspections provided for in subsection (i) of this section; or in the case of mobile homes which are determined by the Administrator not to conform to the aforesaid standards; or where the manufacturer of mobile homes fails or is unable to discharge his obligations under the warranty. “(l) Subject to notice and opportunity for a hearing, the Administrator may refuse to approve as acceptable any site in a mobile home park or subdivision owned or operated by any person whose rental or sale methods, procedures, requirements, or practices are determined by the Administrator to be unfair or prejudicial to veterans renting or purchasing such sites. The Administrator may also refuse to guarantee or make direct loans for veterans to purchase mobile homes offered for sale by any dealer if substantial deficiencies have been discovered in such homes, or if he determines that there, has been a failure or indicated inability of the dealer to discharge contractual liabilities to veterans, or that the type of contract of sale or methods, procedures, or practices pursued by the dealer in the marketing of such properties have been unfair or prejudicial to veteran purchasers. “(m) The Administrator’s annual report to Congress shall, beginning Report to Congress. 12 months following the date of enactment of the Veterans’ Housing Act of 1970, include a report on operations under this section, including the results of inspections required by subsection (i) of this section, experience with compliance with the warranty required by subsection (j) of this section, and the experience regarding defaults and foreclosures. “(n) The provisions of section 1804(d) and section 1821 of this 72 Stat. 1206; 73 Stat. 156. chapter shall be fully applicable to lenders making guaranteed mobile home loans and holders of such loans. “(o) No loans shall be guaranteed or made by the Administrator Termination date. under the provisions of this section on and after July 1, 1975, except pursuant to commitments issued prior to such date.”

2. 1974

   Pub. L. 93–569 § 5(1) · 88 Stat. 1863

   1. Inserted · 38 U.S.C. § 3712(a)

      Pub. L. 93–569, § 5(1), inserted “or the mobile home lot loan guaranty benefit, or both,” after “loan guaranty benefit” wherever appearing

   2. Struck · 38 U.S.C. § 3712(a)

      Pub. L. 93–569, § 5(1), struck out “mobile home” before “loan guaranteed under this section”

   Source evidence

   Code amendment note
   Subsec. (a). Pub. L. 93–569, § 5(1), inserted “or the mobile home lot loan guaranty benefit, or both,” after “loan guaranty benefit” wherever appearing, and struck out “mobile home” before “loan guaranteed under this section”.

   Enacted provision · exact public law section
   (1) by inserting in subsection (a) “or the mobile home lot loan guaranty benefit, or both,” immediately after “loan guaranty benefit” each time it appears therein and by striking out “mobile home” immediately before “loan guaranteed” in the second sentence of such subsection;

3. 1974

   Pub. L. 93–569 § 5(2) · 88 Stat. 1863

   1. Amended · 38 U.S.C. § 3712(b)(1)

      Pub. L. 93–569, § 5(2), designated existing provisions as subsec. (b)(1)

   2. Redesignated · 38 U.S.C. § 3712(b)(1)

      Pub. L. 93–569, § 5(2), redesignated cls. (1) and (2) as (A) and (B), respectively

   Source evidence

   Code amendment note
   Subsec. (b)(1). Pub. L. 93–569, § 5(2), designated existing provisions as subsec. (b)(1) and redesignated cls. (1) and (2) as (A) and (B), respectively.

   Enacted provision · exact public law section
   (2) by amending subsection (b) as follows: (A) by inserting “(1)” immediately after “(b)”; (B) by redesignating clauses (1) and (2) as clauses (A) and (B), respectively; and (C) by adding at the end thereof a new paragraph as follows:

4. 1974

   Pub. L. 93–569 § 5(2) · 88 Stat. 1863

   Added · 38 U.S.C. § 3712(b)(2)

   Pub. L. 93–569, § 5(2), added par. (2)

   Source evidence

   Code amendment note
   Subsec. (b)(2). Pub. L. 93–569, § 5(2), added par. (2).

   Enacted provision · exact public law section
   (2) by amending subsection (b) as follows: (A) by inserting “(1)” immediately after “(b)”; (B) by redesignating clauses (1) and (2) as clauses (A) and (B), respectively; and (C) by adding at the end thereof a new paragraph as follows:

5. 1974

   Pub. L. 93–569 § 5(3) · 88 Stat. 1863

   1. Redesignated · 38 U.S.C. § 3712(c)(1)

      Pub. L. 93–569, § 5(3), (4), redesignated cls. (1) and (2) as (A) and (B), respectively, and in cl. (A) as so redesignated

   2. Inserted · 38 U.S.C. § 3712(c)(1)

      Pub. L. 93–569, § 5(3), (4), inserted provision relating to purchase of a lot on which to place a mobile home previously purchased by the veteran, whether or not such mobile home was purchased with a loan guaranteed, insured or made by another Federal agency

   3. Substituted · 38 U.S.C. § 3712(c)(1)

      Pub. L. 93–569, § 5(3), (4), substituted “or for the purchase of a used mobile home which meets or exceeds minimum requirements for construction, design, and general acceptability prescribed by the Administrator,” for “or for the purchase of a used mobile home which is the security for a prior loan guaranteed or made under this section or for a loan guaranteed, insured or made by another Federal agency.”

   Source evidence

   Code amendment note
   Subsec. (c)(1). Pub. L. 93–569, § 5(3), (4), redesignated cls. (1) and (2) as (A) and (B), respectively, and in cl. (A) as so redesignated, inserted provision relating to purchase of a lot on which to place a mobile home previously purchased by the veteran, whether or not such mobile home was purchased with a loan guaranteed, insured or made by another Federal agency, and substituted “or for the purchase of a used mobile home which meets or exceeds minimum requirements for construction, design, and general acceptability prescribed by the Administrator,” for “or for the purchase of a used mobile home which is the security for a prior loan guaranteed or made under this section or for a loan guaranteed, insured or made by another Federal agency.”

   Enacted provision · exact public law section
   (3) by redesignating clauses (1) and (2) of the first sentence of subsection (c) (1) as clauses (A) and (B) , respectively, and by striking out the word “and” at the end of clause (A), as redesignated, and inserting in lieu thereof “or the loan is for the purpose of purchasing a lot on which to place a mobile home previously purchased by the veteran, whether or not such mobile home was purchased with a loan guaranteed, insured or made by another Federal agency, and”;

6. 1974

   Pub. L. 93–569 § 5(5) · 88 Stat. 1863

   Substituted · 38 U.S.C. § 3712(d)(1)

   Pub. L. 93–569, § 5(5), substituted “, whether or not the mobile home was financed with assistance under this section, and in the case of necessary site preparation, the loan amount for such purposes may not exceed the reasonable value of such lot” for “financed through the assistance of this section and in the case of necessary site preparation, the loan amount shall not be increased by an amount in excess of the reasonable value of such lot”

   Source evidence

   Code amendment note
   Subsec. (d)(1). Pub. L. 93–569, § 5(5), substituted “, whether or not the mobile home was financed with assistance under this section, and in the case of necessary site preparation, the loan amount for such purposes may not exceed the reasonable value of such lot” for “financed through the assistance of this section and in the case of necessary site preparation, the loan amount shall not be increased by an amount in excess of the reasonable value of such lot”.

   Enacted provision · exact public law section
   (5) by amending the last sentence of paragraph (1) of subsection (d) to read as follows: “In the case of any lot on which to place a mobile home, whether or not the mobile home was financed with assistance under this section, and in the case of necessary site preparation, the loan amount for such purposes may not exceed the reasonable value of such lot or an amount appropriate to cover the cost of necessary site preparation or both, as determined by the Administrator.”;

7. 1974

   Pub. L. 93–569 § 5(6) · 88 Stat. 1863

   1. Substituted · 38 U.S.C. § 3712(d)(2)(A)

      Pub. L. 93–569, § 5(6), substituted “$12,500” for “$10,000,”

   2. Substituted · 38 U.S.C. § 3712(d)(2)(A)

      Pub. L. 93–569, § 5(6), substituted “single wide mobile home only” for “mobile home only,”

   Source evidence

   Code amendment note
   Subsec. (d)(2)(A). Pub. L. 93–569, § 5(6), substituted “$12,500” for “$10,000,” and “single wide mobile home only” for “mobile home only,”.

   Enacted provision · exact public law section
   (6) by striking out in subsection (d) (2) all of the paragraph Maximum permissible loan amounts. after “exceed—” and inserting in lieu thereof the following: “(A) $12,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessaiy site preparation where the veteran owns the lot, or “(B) $20,000 for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation where the veteran owns the lot, or “(C) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(D) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(E) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and a suitably developed lot on which to place such home, or “(F) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and a suitably developed lot on which to place such home, or “(G) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of only an undeveloped lot on which to place a mobile home owned by the veteran, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(H) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a suitably developed lot on which to place a mobile home owned by the veteran.”;

8. 1974

   Pub. L. 93–569 § 5(6) · 88 Stat. 1863

   Struck · 38 U.S.C. § 3712(d)(2)(B)

   Pub. L. 93–569, § 5(6), increased from $15,000 to $20,000, and from fifteen years and thirty-two days to twenty years and thirty-two days the amount and period of the loan, struck out the $10,000 maximum allowable amount for the mobile home, and restricted the amount of the loan to the purchase of a double-wide mobile home instead of a mobile home and undeveloped lot

   Source evidence

   Code amendment note
   Subsec. (d)(2)(B). Pub. L. 93–569, § 5(6), increased from $15,000 to $20,000, and from fifteen years and thirty-two days to twenty years and thirty-two days the amount and period of the loan, struck out the $10,000 maximum allowable amount for the mobile home, and restricted the amount of the loan to the purchase of a double-wide mobile home instead of a mobile home and undeveloped lot.

   Enacted provision · exact public law section
   (6) by striking out in subsection (d) (2) all of the paragraph Maximum permissible loan amounts. after “exceed—” and inserting in lieu thereof the following: “(A) $12,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessaiy site preparation where the veteran owns the lot, or “(B) $20,000 for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation where the veteran owns the lot, or “(C) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(D) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(E) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and a suitably developed lot on which to place such home, or “(F) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and a suitably developed lot on which to place such home, or “(G) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of only an undeveloped lot on which to place a mobile home owned by the veteran, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(H) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a suitably developed lot on which to place a mobile home owned by the veteran.”;

9. 1974

   Pub. L. 93–569 § 5(6) · 88 Stat. 1863

   1. Substituted · 38 U.S.C. § 3712(d)(2)(C)

      Pub. L. 93–569, § 5(6), substituted “$20,000” for “$17,500,”

   2. Substituted · 38 U.S.C. § 3712(d)(2)(C)

      Pub. L. 93–569, § 5(6), substituted “$12,500” for “$10,000,”

   3. Substituted · 38 U.S.C. § 3712(d)(2)(C)

      Pub. L. 93–569, § 5(6), substituted “single-wide mobile home” for “mobile home”

   4. Substituted · 38 U.S.C. § 3712(d)(2)(C)

      Pub. L. 93–569, § 5(6), substituted “an undeveloped lot” for “a suitably developed lot,”

   5. Inserted · 38 U.S.C. § 3712(d)(2)(C)

      Pub. L. 93–569, § 5(6), inserted provision including such amount as is appropriate to cover cost of site preparation

   Source evidence

   Code amendment note
   Subsec. (d)(2)(C). Pub. L. 93–569, § 5(6), substituted “$20,000” for “$17,500,” “$12,500” for “$10,000,” “single-wide mobile home” for “mobile home” and “an undeveloped lot” for “a suitably developed lot,” and inserted provision including such amount as is appropriate to cover cost of site preparation.

   Enacted provision · exact public law section
   (6) by striking out in subsection (d) (2) all of the paragraph Maximum permissible loan amounts. after “exceed—” and inserting in lieu thereof the following: “(A) $12,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessaiy site preparation where the veteran owns the lot, or “(B) $20,000 for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation where the veteran owns the lot, or “(C) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(D) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(E) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and a suitably developed lot on which to place such home, or “(F) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and a suitably developed lot on which to place such home, or “(G) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of only an undeveloped lot on which to place a mobile home owned by the veteran, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(H) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a suitably developed lot on which to place a mobile home owned by the veteran.”;

10. 1974

    Pub. L. 93–569 § 5(6) · 88 Stat. 1863

    Added · 38 U.S.C. § 3712(d)(2)(D)(H)

    Pub. L. 93–569, § 5(6), added subpars. (D) to (H)

    Source evidence

    Code amendment note
    Subsec. (d)(2)(D) to (H). Pub. L. 93–569, § 5(6), added subpars. (D) to (H).

    Enacted provision · exact public law section
    (6) by striking out in subsection (d) (2) all of the paragraph Maximum permissible loan amounts. after “exceed—” and inserting in lieu thereof the following: “(A) $12,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessaiy site preparation where the veteran owns the lot, or “(B) $20,000 for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home only and such additional amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation where the veteran owns the lot, or “(C) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(D) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and an undeveloped lot on which to place such home, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(E) $20,000 (but not to exceed $12,500 for the mobile home) for fifteen years and thirty-two days in the case of a loan covering the purchase of a single-wide mobile home and a suitably developed lot on which to place such home, or “(F) $27,500 (but not to exceed $20,000 for the mobile home) for twenty years and thirty-two days in the case of a loan covering the purchase of a double-wide mobile home and a suitably developed lot on which to place such home, or “(G) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of only an undeveloped lot on which to place a mobile home owned by the veteran, which includes such amount as is determined by the Administrator to be appropriate to cover the cost of necessary site preparation, or “(H) $7,500 for twelve years and thirty-two days in the case of a loan covering the purchase of a suitably developed lot on which to place a mobile home owned by the veteran.”;

11. 1974

    Pub. L. 93–569 § 5(7) · 88 Stat. 1863

    Inserted · 38 U.S.C. § 3712(e)(3)

    Pub. L. 93–569, § 5(7), inserted “purchased with the proceeds of the loan and on” after “mobile home”

    Source evidence

    Code amendment note
    Subsec. (e)(3). Pub. L. 93–569, § 5(7), inserted “purchased with the proceeds of the loan and on” after “mobile home”.

    Enacted provision · exact public law section
    (7) by amending clause (3) of subsection (e) to read as follows: “(3) the loan is secured by a first lien on the mobile home purchased with the proceeds of the loan and on any lot acquired or improved with the proceeds of the loan;”;

12. 1974

    Pub. L. 93–569 § 5(8) · 88 Stat. 1863

    Inserted · 38 U.S.C. § 3712(f)

    Pub. L. 93–569, § 5(8), inserted “and mobile home lot loans” after “loans”

    Source evidence

    Code amendment note
    Subsec. (f). Pub. L. 93–569, § 5(8), inserted “and mobile home lot loans” after “loans”.

    Enacted provision · exact public law section
    (8) by inserting in subsection (f) “and mobile home lot loans” after “loans”;

13. 1974

    Pub. L. 93–569 § 5(9) · 88 Stat. 1863

    Inserted · 38 U.S.C. § 3712(i)

    Pub. L. 93–569, § 5(9), inserted provision prohibiting the guarantee of a loan for the purchase of a lot on which to place a mobile home unless the lot meets prescribed standards

    Source evidence

    Code amendment note
    Subsec. (i). Pub. L. 93–569, § 5(9), inserted provision prohibiting the guarantee of a loan for the purchase of a lot on which to place a mobile home unless the lot meets prescribed standards.

    Enacted provision · exact public law section
    (9) by inserting in the first sentence of subsection (i) “and no loan for the purchase of a lot on which to place a mobile home owned by a veteran shall be guaranteed under this section unless the lot meets such standards prescribed for mobile home lots” after “Administrator”;

14. 1974

    Pub. L. 93–569 § 5(10) · 88 Stat. 1863

    Inserted · 38 U.S.C. § 3712(n)

    Pub. L. 93–569, § 5(10), inserted “and mobile home lot loans” after “mobile home loans”

    Source evidence

    Code amendment note
    Subsec. (n). Pub. L. 93–569, § 5(10), inserted “and mobile home lot loans” after “mobile home loans”.

    Enacted provision · exact public law section
    (10) by inserting in subsection (n) “and mobile home lot loans” immediately after “mobile home loans”; and

15. 1974

    Pub. L. 93–569 § 5(11) · 88 Stat. 1863

    Struck · 38 U.S.C. § 3712(o)

    Pub. L. 93–569, § 5(11), struck out subsec. (o) which prohibited the making or guaranteeing of loans on and after July 1, 1975, except upon prior commitment

    Source evidence

    Code amendment note
    Subsec. (o). Pub. L. 93–569, § 5(11), struck out subsec. (o) which prohibited the making or guaranteeing of loans on and after July 1, 1975, except upon prior commitment.

    Enacted provision · exact public law section
    (11) by striking out subsection (o) in its entirety.

16. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(20) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(c)(1)

    Pub. L. 94–324, § 7(20), substituted “the Administrator determines” for “he determines”

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 94–324, § 7(20), substituted “the Administrator determines” for “he determines”.

    Enacted provision · exact public law section
    (20) by striking out in paragraphs (1) and (3) of section 1819(c) “he” wherever it appears and inserting in lieu thereof “the Administrator”;

17. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(c)(3)

    Pub. L. 94–324, §§ 5, 7(20), increased amount of Administrator’s guaranty from 30 per centum of the loan to 50 per centum of the loan and substituted “the Administrator” for “he” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 94–324, §§ 5, 7(20), increased amount of Administrator’s guaranty from 30 per centum of the loan to 50 per centum of the loan and substituted “the Administrator” for “he” wherever appearing.

18. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(21) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(d)(1)

    Pub. L. 94–324, § 7(21), substituted “the Administrator’s” for “his”

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 94–324, § 7(21), substituted “the Administrator’s” for “his”.

    Enacted provision · exact public law section
    (21) by striking out in paragraphs (1) and (3) of section 1819(d) “his” and “he” wherever they appear and inserting in lieu thereof “the Administrator’s” and “the Administrator”, respectively;

19. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(21) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(d)(3)

    Pub. L. 94–324, § 7(21), substituted “the Administrator shall” for “he shall”

    Source evidence

    Code amendment note
    Subsec. (d)(3). Pub. L. 94–324, § 7(21), substituted “the Administrator shall” for “he shall”.

    Enacted provision · exact public law section
    (21) by striking out in paragraphs (1) and (3) of section 1819(d) “his” and “he” wherever they appear and inserting in lieu thereof “the Administrator’s” and “the Administrator”, respectively;

20. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(22) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(e)(4)

    Pub. L. 94–324, § 7(22), substituted “subsection” for “subparagraph”

    Source evidence

    Code amendment note
    Subsec. (e)(4). Pub. L. 94–324, § 7(22), substituted “subsection” for “subparagraph”.

    Enacted provision · exact public law section
    (22) by striking out in paragraphs (4) and (5) of section 1819(e) “subparagraph”, “he”, and “his” and inserting in lieu thereof “subsection”, “the veteran”, and “the veteran’s”, respectively;

21. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(22) · 90 Stat. 720

    1. Substituted · 38 U.S.C. § 3712(e)(5)

       Pub. L. 94–324, § 7(22), substituted “the veteran will” for “he will”

    2. Substituted · 38 U.S.C. § 3712(e)(5)

       Pub. L. 94–324, § 7(22), substituted “the veteran’s” for “his”

    Source evidence

    Code amendment note
    Subsec. (e)(5). Pub. L. 94–324, § 7(22), substituted “the veteran will” for “he will” and “the veteran’s” for “his”.

    Enacted provision · exact public law section
    (22) by striking out in paragraphs (4) and (5) of section 1819(e) “subparagraph”, “he”, and “his” and inserting in lieu thereof “subsection”, “the veteran”, and “the veteran’s”, respectively;

22. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(23) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(f)

    Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines”

    Source evidence

    Code amendment note
    Subsec. (f). Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines”.

    Enacted provision · exact public law section
    (23) by striking out in subsections (f), (h), (k), and (1) of section 1819 “he” and “his” wherever they appear and inserting in lieu thereof “the Administrator” and “the manufacturer’s”, respectively;

23. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(23) · 90 Stat. 720

    1. Substituted · 38 U.S.C. § 3712(h)

       Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines”

    2. Substituted · 38 U.S.C. § 3712(h)

       Pub. L. 94–324, § 7(23), substituted “the Administrator has” for “he has”

    Source evidence

    Code amendment note
    Subsec. (h). Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines” in two places and “the Administrator has” for “he has”.

    Enacted provision · exact public law section
    (23) by striking out in subsections (f), (h), (k), and (1) of section 1819 “he” and “his” wherever they appear and inserting in lieu thereof “the Administrator” and “the manufacturer’s”, respectively;

24. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(23) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(k)

    Pub. L. 94–324, § 7(23), substituted “the manufacturer’s obligations” for “his obligations”

    Source evidence

    Code amendment note
    Subsec. (k). Pub. L. 94–324, § 7(23), substituted “the manufacturer’s obligations” for “his obligations”.

    Enacted provision · exact public law section
    (23) by striking out in subsections (f), (h), (k), and (1) of section 1819 “he” and “his” wherever they appear and inserting in lieu thereof “the Administrator” and “the manufacturer’s”, respectively;

25. 1976

    Veterans Housing Amendments Act of 1976

    Pub. L. 94–324 § 7(23) · 90 Stat. 720

    Substituted · 38 U.S.C. § 3712(l)

    Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines”

    Source evidence

    Code amendment note
    Subsec. (l). Pub. L. 94–324, § 7(23), substituted “the Administrator determines” for “he determines”.

    Enacted provision · exact public law section
    (23) by striking out in subsections (f), (h), (k), and (1) of section 1819 “he” and “his” wherever they appear and inserting in lieu thereof “the Administrator” and “the manufacturer’s”, respectively;

26. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(a) · 92 Stat. 1497

    Substituted · 38 U.S.C. § 3712(a)

    Pub. L. 95–476, § 107(a), substituted provisions that loans to eligible veterans could be guaranteed if such loans were for certain approved purposes, that such loans for any approved purpose could include an amount determined by the Administrator to be appropriate to cover the cost of necessary lot preparation, and that any loan under cls. (C) or (E) of par. (1) were to be considered one loan, evidenced either by a single instrument or separate instruments for the portions of the loan financing the purchase of the mobile home and the purchase and preparation of the lot for provision that any eligible veteran who had maximum entitlement available for use would be eligible for either the mobile home loan guaranty benefit or the mobile home lot loan guaranty benefit or both but that use of either would preclude use of any home loan guaranty entitlement under any other section until the loan guaranteed under this section had been paid in full

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 95–476, § 107(a), substituted provisions that loans to eligible veterans could be guaranteed if such loans were for certain approved purposes, that such loans for any approved purpose could include an amount determined by the Administrator to be appropriate to cover the cost of necessary lot preparation, and that any loan under cls. (C) or (E) of par. (1) were to be considered one loan, evidenced either by a single instrument or separate instruments for the portions of the loan financing the purchase of the mobile home and the purchase and preparation of the lot for provision that any eligible veteran who had maximum entitlement available for use would be eligible for either the mobile home loan guaranty benefit or the mobile home lot loan guaranty benefit or both but that use of either would preclude use of any home loan guaranty entitlement under any other section until the loan guaranteed under this section had been paid in full.

    Enacted provision · exact public law section
    (a) Subsections (a) and (b) of section 1819 are amended to read as follows: “(a) (1) Notwithstanding any other provision of this chapter, any loan to a veteran eligible for the benefits of this chapter, if made pursuant to the provisions of this section, may be guaranteed if such loan is for one of the following purposes: “(A) To purchase a lot on which to place a mobile home already owned by the veteran. “(B) To purchase a single-wide mobile home. “(C) To purchase a single-wide mobile home and a lot on which to place such home. “(D) To purchase a double-wide mobile home. “(E) To purchase a double-wide mobile home and a lot on which to place such home. “(2) A loan for any of the purposes described in paragraph (1) of this subsection may include an amount determined by the Administrator to be appropriate to cover the cost, of necessary preparation of a lot already owned or to be acquired by the veteran, including the costs of installing utility connections and sanitary facilities, of paving, and of constructing a suitable pad for the mobile home. “(3) Any loan made for the purposes described in clause (C) or (E) of paragraph (1) of this subsection shall be considered as part of one loan. The transaction may be evidenced by a single loan instrument or by separate loan instruments for (A) that portion of the loan which finances the purchase of the mobile home, and (B) that portion of the loan which finances the purchase of the lot and the necessary preparation of such lot. “(b) (1) Use of entitlement under this section for the purchase of a mobile home unit shall preclude the use of remaining entitlement for the purchase of an additional mobile home unit until the unit which secured the loan has been disposed of by the veteran or has been destroyed by fire or other natural hazard. “(2) The Administrator shall restore entitlement to all loan guaranty benefits under this chapter for the veteran when the conditions 38 USC 1802. prescribed in section 1802(b) of this title have been met.”.

27. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(a) · 92 Stat. 1497

    Substituted · 38 U.S.C. § 3712(b)(1)

    Pub. L. 95–476, § 107(a), substituted provision that use of benefit entitlement under this section for purchase of a mobile home unit would preclude use of any remainder of entitlement for purchase of an additional mobile home unit until the first unit had been disposed of or destroyed by natural hazard for provision that a loan to purchase a mobile home under this section could include amounts to finance purchase of lot and necessary preparation of lot

    Source evidence

    Code amendment note
    Subsec. (b)(1). Pub. L. 95–476, § 107(a), substituted provision that use of benefit entitlement under this section for purchase of a mobile home unit would preclude use of any remainder of entitlement for purchase of an additional mobile home unit until the first unit had been disposed of or destroyed by natural hazard for provision that a loan to purchase a mobile home under this section could include amounts to finance purchase of lot and necessary preparation of lot.

    Enacted provision · exact public law section
    (a) Subsections (a) and (b) of section 1819 are amended to read as follows: “(a) (1) Notwithstanding any other provision of this chapter, any loan to a veteran eligible for the benefits of this chapter, if made pursuant to the provisions of this section, may be guaranteed if such loan is for one of the following purposes: “(A) To purchase a lot on which to place a mobile home already owned by the veteran. “(B) To purchase a single-wide mobile home. “(C) To purchase a single-wide mobile home and a lot on which to place such home. “(D) To purchase a double-wide mobile home. “(E) To purchase a double-wide mobile home and a lot on which to place such home. “(2) A loan for any of the purposes described in paragraph (1) of this subsection may include an amount determined by the Administrator to be appropriate to cover the cost, of necessary preparation of a lot already owned or to be acquired by the veteran, including the costs of installing utility connections and sanitary facilities, of paving, and of constructing a suitable pad for the mobile home. “(3) Any loan made for the purposes described in clause (C) or (E) of paragraph (1) of this subsection shall be considered as part of one loan. The transaction may be evidenced by a single loan instrument or by separate loan instruments for (A) that portion of the loan which finances the purchase of the mobile home, and (B) that portion of the loan which finances the purchase of the lot and the necessary preparation of such lot. “(b) (1) Use of entitlement under this section for the purchase of a mobile home unit shall preclude the use of remaining entitlement for the purchase of an additional mobile home unit until the unit which secured the loan has been disposed of by the veteran or has been destroyed by fire or other natural hazard. “(2) The Administrator shall restore entitlement to all loan guaranty benefits under this chapter for the veteran when the conditions 38 USC 1802. prescribed in section 1802(b) of this title have been met.”.

28. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(a) · 92 Stat. 1497

    Substituted · 38 U.S.C. § 3712(b)(2)

    Pub. L. 95–476, § 107(a), substituted provision authorizing Administrator to restore full benefit entitlement to a veteran under this chapter when conditions prescribed in section 1802(b) of this title had been met for provision authorizing loans to purchase and prepare a mobile home lot when veteran already owned such a mobile home

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 95–476, § 107(a), substituted provision authorizing Administrator to restore full benefit entitlement to a veteran under this chapter when conditions prescribed in section 1802(b) of this title had been met for provision authorizing loans to purchase and prepare a mobile home lot when veteran already owned such a mobile home.

    Enacted provision · exact public law section
    (a) Subsections (a) and (b) of section 1819 are amended to read as follows: “(a) (1) Notwithstanding any other provision of this chapter, any loan to a veteran eligible for the benefits of this chapter, if made pursuant to the provisions of this section, may be guaranteed if such loan is for one of the following purposes: “(A) To purchase a lot on which to place a mobile home already owned by the veteran. “(B) To purchase a single-wide mobile home. “(C) To purchase a single-wide mobile home and a lot on which to place such home. “(D) To purchase a double-wide mobile home. “(E) To purchase a double-wide mobile home and a lot on which to place such home. “(2) A loan for any of the purposes described in paragraph (1) of this subsection may include an amount determined by the Administrator to be appropriate to cover the cost, of necessary preparation of a lot already owned or to be acquired by the veteran, including the costs of installing utility connections and sanitary facilities, of paving, and of constructing a suitable pad for the mobile home. “(3) Any loan made for the purposes described in clause (C) or (E) of paragraph (1) of this subsection shall be considered as part of one loan. The transaction may be evidenced by a single loan instrument or by separate loan instruments for (A) that portion of the loan which finances the purchase of the mobile home, and (B) that portion of the loan which finances the purchase of the lot and the necessary preparation of such lot. “(b) (1) Use of entitlement under this section for the purchase of a mobile home unit shall preclude the use of remaining entitlement for the purchase of an additional mobile home unit until the unit which secured the loan has been disposed of by the veteran or has been destroyed by fire or other natural hazard. “(2) The Administrator shall restore entitlement to all loan guaranty benefits under this chapter for the veteran when the conditions 38 USC 1802. prescribed in section 1802(b) of this title have been met.”.

29. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(b)(1) · 92 Stat. 1497

    Struck · 38 U.S.C. § 3712(c)(1)

    Pub. L. 95–476, § 107(b)(1), struck out provisions relating to eligible purposes of mobile home loans under this section

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 95–476, § 107(b)(1), struck out provisions relating to eligible purposes of mobile home loans under this section.

    Enacted provision · exact public law section
    (1) Paragraph (1) of subsection (c) of such section is amended to read as follows: “(1) Loans for any of the purposes authorized by subsection (a) of this section shall be submitted to the Administrator for approval prior to the closing of the loan, except that the Administrator may exempt any lender of a class listed in section 1802(d) of this title from compliance with such prior approval requirement if the Administrator determines that the experience of such lender or class of lenders in mobile home financing warrants such exemption.”.

30. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(b)(2) · 92 Stat. 1497

    Substituted · 38 U.S.C. § 3712(c)(3)

    Pub. L. 95–476, § 107(b)(2), substituted provision limiting liability of Administrator under loan guaranty to a maximum of lesser of 50 per centum of loan amount or maximum loan guaranty entitlement available, not to exceed $17,500, for provision limiting Administrator’s guaranty to a maximum of 50 per centum of loan amount

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 95–476, § 107(b)(2), substituted provision limiting liability of Administrator under loan guaranty to a maximum of lesser of 50 per centum of loan amount or maximum loan guaranty entitlement available, not to exceed $17,500, for provision limiting Administrator’s guaranty to a maximum of 50 per centum of loan amount.

    Enacted provision · exact public law section
    (2) Paragraph (3) of such subsection is amended by striking out the first sentence and inserting in lieu thereof the following new sentences: “The Administrator’s guaranty may not exceed the lesser of 50 per centum of the loan amount or the maximum loan guaranty entitlement available, not to exceed $17,500. Payment of a claim under such guaranty shall be made only after liquidation of the security for the loan and the filing of an accounting with the Administrator.”.

31. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(b)(3) · 92 Stat. 1497

    Added · 38 U.S.C. § 3712(c)(4)

    Pub. L. 95–476, § 107(b)(3), added par. (4)

    Source evidence

    Code amendment note
    Subsec. (c)(4). Pub. L. 95–476, § 107(b)(3), added par. (4).

    Enacted provision · exact public law section
    (3) Such subsection is further amended by adding at the end thereof the following new paragraph: “(4) The amount of guaranty entitlement available to a veteran under this section shall not be more than $17,500, less the amount of any such entitlement as may have been used under this section. Use of entitlement under section 1810 or 1811 of this title shall reduce entitlement available for use under this section to the same extent that entitlement available under such section 1810 is reduced below $17,500.”

32. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(c) · 92 Stat. 1497

    Struck · 38 U.S.C. § 3712(d)

    Pub. L. 95–476, § 107(c), struck out provisions establishing maximum loan amounts for guaranteed mobile home loans and increased maturity for single-wide mobile home loans and lot-only loans from 12 years and 32 days to 15 years and 32 days

    Source evidence

    Code amendment note
    Subsec. (d). Pub. L. 95–476, § 107(c), struck out provisions establishing maximum loan amounts for guaranteed mobile home loans and increased maturity for single-wide mobile home loans and lot-only loans from 12 years and 32 days to 15 years and 32 days.

    Enacted provision · exact public law section
    (c) Subsection (d) of such section is amended to read as follows: 38 USC 1802. “(d) (1) The maturity of any loan guaranteed under this section shall not be more than— “(A) fifteen years and thirty-two days, in the case of a loan for the purchase of— “(i) a lot; “(ii) a single-wide mobile home; or “(iii) a single-wide mobile home and a lot; or “(B) twenty years and thirty-two days, in the case of a loan for the purchase of— “(i) a double-wide mobile home; or “(ii) a double-wide mobile home and a lot. “(2) Nothing in paragraph (1) of this subsection shall preclude the Administrator, under regulations which the Administrator shall prescribe, from consenting to necessary advances for the protection of the security or the holders lien, to a reasonable extension of the term of such loan, or to a reasonable reamortization of such loan.”.

33. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(d) · 92 Stat. 1497

    Substituted · 38 U.S.C. § 3712(e)(4)

    Pub. L. 95–476, § 107(d), substituted provisions authorizing Administrator to determine reasonable maximum loan amounts for purchase of new or used mobile homes and purchase and preparation of mobile home lots for provision requiring, as a condition to guaranty, that loans not exceed certain maximum loan amounts for such purchases or preparation

    Source evidence

    Code amendment note
    Subsec. (e)(4). Pub. L. 95–476, § 107(d), substituted provisions authorizing Administrator to determine reasonable maximum loan amounts for purchase of new or used mobile homes and purchase and preparation of mobile home lots for provision requiring, as a condition to guaranty, that loans not exceed certain maximum loan amounts for such purchases or preparation.

    Enacted provision · exact public law section
    (d) Clause (4) of subsection (e) of such section is amended to read as follows: “(4) the amount of the loan to be paid by the veteran is not in excess of the amount determined to be reasonable, based upon— “(A) with respect to any portion of the loan to purchase a new mobile home, such cost factors as the Administrator considers proper to take into account; “(B) with respect to any portion of the loan to purchase a used mobile home, the reasonable value of the property, as determined by the Administrator; “(C) with respect to any portion of the loan to purchase a lot, the reasonable value or such lot, as determined by the Administrator; and “(D) with respect to any portion of the loan to cover the cost of necessary site preparation, an appropriate amount, as determined by the Administrator;”.

34. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    Redesignated · 38 U.S.C. § 3712(g)

    Pub. L. 95–476, § 107(e), redesignated subsec. (h) as (g). Former subsec. (g), limiting to a single time the restoration of loan guaranty entitlement for any veteran for the purchase of a mobile home, was struck out

    Source evidence

    Code amendment note
    Subsec. (g). Pub. L. 95–476, § 107(e), redesignated subsec. (h) as (g). Former subsec. (g), limiting to a single time the restoration of loan guaranty entitlement for any veteran for the purchase of a mobile home, was struck out.

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

35. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    1. Redesignated · 38 U.S.C. § 3712(h)(1)

       Pub. L. 95–476, § 107(e), (f), redesignated subsec. (i) as (h)(1)

    2. Redesignated · 38 U.S.C. § 3712(h)(1)

       Pub. L. 95–476, § 107(e), (f), struck out provision authorizing the Administrator to inspect the mobile home manufacturing process periodically as well as on-site inspections of existing mobile home units to assure compliance with certain standards of planning, construction, and general acceptability. Former subsec. (h) redesignated (g)

    Source evidence

    Code amendment note
    Subsec. (h)(1). Pub. L. 95–476, § 107(e), (f), redesignated subsec. (i) as (h)(1) and struck out provision authorizing the Administrator to inspect the mobile home manufacturing process periodically as well as on-site inspections of existing mobile home units to assure compliance with certain standards of planning, construction, and general acceptability. Former subsec. (h) redesignated (g).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

36. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(f) · 92 Stat. 1497

    Added · 38 U.S.C. § 3712(h)(2)

    Pub. L. 95–476, § 107(f), added par. (2)

    Source evidence

    Code amendment note
    Subsec. (h)(2). Pub. L. 95–476, § 107(f), added par. (2).

    Enacted provision · exact public law section
    (f) Subsection (h) of such section (as redesignated by subsection (e) of this section) is amended (1) by inserting “(1)” before “No loan”, (2) by striking out the third sentence of such subsection, and (3) by addin" at the end thereof the following new paragraph: “(2) (A) For the purpose of assuring compliance with the standards Inspection. prescribed under paragraph (1) of this subsection, the Administrator shall from time to time inspect the manufacturing process of manufacturers of mobile homes sold to veterans utilizing assistance under this chapter. For the purpose stated in the preceding sentence and for the additional purpose of monitoring safety factors involved in the installation of mobile homes purchased through the utilization of assistance under this chapter, the Administrator shall from time to time conduct random onsite inspections of mobile homes purchased through the utilization of such assistance. “(B) The Administrator may, with the agreement of the Secretary of Housing and Urban Development, delegate to the Secretary of Housing and Urban Development the duty of the Administrator under subparagraph (A) of this paragraph to inspect the manufacturing process of manufacturers of mobile homes, but any such delegation shall be subject to an agreement that the Secretary of Housing and Urban Development, upon the request of the Administrator, shall promptly provide the Administrator with the complete results of any inspection made by the Secretary pursuant to such delegation. The Administrator shall have the right to withdraw any delegation under the preceding sentence at any time and in whole or in part.”.

37. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    1. Redesignated · 38 U.S.C. § 3712(i)

       Pub. L. 95–476, § 107(e), (g)(1), redesignated subsec. (j) as (i)

    2. Redesignated · 38 U.S.C. § 3712(i)

       Pub. L. 95–476, § 107(e), (g)(1), substituted “subsection (h)” for “subsection (i)”. Former subsec. (i) redesignated (h)

    Source evidence

    Code amendment note
    Subsec. (i). Pub. L. 95–476, § 107(e), (g)(1), redesignated subsec. (j) as (i) and substituted “subsection (h)” for “subsection (i)”. Former subsec. (i) redesignated (h).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

38. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    1. Redesignated · 38 U.S.C. § 3712(j)

       Pub. L. 95–476, § 107(e), (g)(1), redesignated subsec. (k) as (j)

    2. Redesignated · 38 U.S.C. § 3712(j)

       Pub. L. 95–476, § 107(e), (g)(1), substituted “subsection (h)” for “subsection (i)”. Former subsec. (j) redesignated (i)

    Source evidence

    Code amendment note
    Subsec. (j). Pub. L. 95–476, § 107(e), (g)(1), redesignated subsec. (k) as (j) and substituted “subsection (h)” for “subsection (i)”. Former subsec. (j) redesignated (i).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

39. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    Redesignated · 38 U.S.C. § 3712(k)

    Pub. L. 95–476, § 107(e), redesignated subsec. (l) as (k). Former subsec. (k) redesignated (j)

    Source evidence

    Code amendment note
    Subsec. (k). Pub. L. 95–476, § 107(e), redesignated subsec. (l) as (k). Former subsec. (k) redesignated (j).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

40. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    1. Redesignated · 38 U.S.C. § 3712(l)

       Pub. L. 95–476, § 107(e), (g), redesignated subsec. (m) as (l)

    2. Redesignated · 38 U.S.C. § 3712(l)

       Pub. L. 95–476, § 107(e), (g), substituted “subsection (h)” and “subsection (i)” for “subsection (i)” and “subsection (j)”, respectively. Former subsec. (l) redesignated (k)

    Source evidence

    Code amendment note
    Subsec. (l). Pub. L. 95–476, § 107(e), (g), redesignated subsec. (m) as (l) and substituted “subsection (h)” and “subsection (i)” for “subsection (i)” and “subsection (j)”, respectively. Former subsec. (l) redesignated (k).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

41. 1978

    Veterans’ Housing Benefits Act of 1978

    Pub. L. 95–476 § 107(e) · 92 Stat. 1497

    Redesignated · 38 U.S.C. § 3712(m); 38 U.S.C. § 3712(n)

    Pub. L. 95–476, § 107(e), redesignated subsec. (n) as (m). Former subsec. (m) redesignated (l)

    Source evidence

    Code amendment note
    Subsecs. (m), (n). Pub. L. 95–476, § 107(e), redesignated subsec. (n) as (m). Former subsec. (m) redesignated (l).

    Enacted provision · exact public law section
    (e) Such section is further amended by striking out subsection (g) and by redesignating subsections (h), (i), (j), (k), (l), (m), and (n) as subsections (g), (h), (i), (j), (k), (l), and (m), respectively.

42. 1980

    Veterans’ Disability Compensation and Housing Benefits Amendments of 1980

    Pub. L. 96–385 § 401(b)(1) · 94 Stat. 1528

    Added · 38 U.S.C. § 3712(a)(1)(F)

    Pub. L. 96–385, § 401(b)(1), added cl. (F)

    Source evidence

    Code amendment note
    Subsec. (a)(1)(F). Pub. L. 96–385, § 401(b)(1), added cl. (F).

    Enacted provision · exact public law section
    (1) by adding at the end of paragraph (1) the following new clause: “(F) To refinance in accordance with paragraph (4) of this subsection an existing loan guaranteed, insured, or made under this section.”; and

43. 1980

    Veterans’ Disability Compensation and Housing Benefits Amendments of 1980

    Pub. L. 96–385 § 401(b)(2) · 94 Stat. 1528

    Added · 38 U.S.C. § 3712(a)(4)

    Pub. L. 96–385, § 401(b)(2), added par. (4)

    Source evidence

    Code amendment note
    Subsec. (a)(4). Pub. L. 96–385, § 401(b)(2), added par. (4).

    Enacted provision · exact public law section
    (2) by adding at the end the following new paragraph: “(4) (A) For a loan to be guaranteed for the purpose specified in clause (F) of paragraph (1) of this subsection— “(i) the interest rate of the loan must be less than the interest rate of the loan being refinanced; “(ii) the loan must be secured by the same mobile home or mobile-home lot, or mobile home and mobile-home lot, as was the loan being refinanced and such mobile home (or a mobile home on such lot) must be owned and occupied by the veteran as such veteran’s home; “(iii) the amount of the loan may not exceed an amount equal to the sum of the balance of the loan being refinanced and such closing costs (including any discount permitted pursuant to section 1803(c)(3)(A) of this title) as may be authorized by the 38 USC 1803. Administrator, under regulations which the Administrator shall prescribe, to be included in such loan; “(iv) the amount of the guaranty of the loan may not exceed the original guaranty amount of the loan being refinanced; and “(v) the term of the loan may not exceed the original term of the loan being refinanced. “(B) A loan to a veteran may be guaranteed by the Veterans’ Loan guarantee. Administration under this chapter for the purpose specified in clause (F) of paragraph (1) of this subsection without regard to the amount of outstanding guaranty entitlement available for use by such veteran, and the amount of such veteran’s guaranty entitlement shall not be charged as a result of any guaranty provided for such purpose. For purposes of section 1802(b) of this title, such loan shall be deemed to 38 USC 1802. have been obtained with the guaranty entitlement used to obtain the loan being refinanced. “(C) If a veteran is deceased and if such veteran’s surviving spouse Surviving spouse. was a co-obligor under an existing loan previously guaranteed, insured, or made under this section, such surviving spouse shall, only for the purpose specified in clause (F) of paragraph (1) of this subsection, be deemed to be a veteran eligible for benefits under this chapter.”.

44. 1980

    Veterans’ Disability Compensation and Housing Benefits Amendments of 1980

    Pub. L. 96–385 § 402(c) · 94 Stat. 1528

    Substituted · 38 U.S.C. § 3712(c)(3); 38 U.S.C. § 3712(c)(4)

    Pub. L. 96–385, § 402(c), substituted “$20,000” for “$17,500” once in par. (3) and twice in par. (4)

    Source evidence

    Code amendment note
    Subsec. (c)(3), (4). Pub. L. 96–385, § 402(c), substituted “$20,000” for “$17,500” once in par. (3) and twice in par. (4).

    Enacted provision · exact public law section
    (c) Section 1819(c) is amended by striking out “$17,500” each place 38 USC 1819. it appears and inserting in lieu thereof “$20,000”.

45. 1981

    Veterans’ Disability Compensation, Housing, and Memorial Benefits Amendments of 1981

    Pub. L. 97–66 title V § 503 · 95 Stat. 1026

    Changed · 38 U.S.C. § 3712(d)(1)

    Pub. L. 97–66 increased from 15 years, 32 days to 20 years, 32 days the allowable maturity of a loan for purchase of a single-wide mobile home or a single-wide mobile home and a lot, from 20 years, 32 days to 23 years, 32 days the allowable maturity of a loan for purchase of a double-wide mobile home, and from 20 years, 32 days to 25 years, 32 days the allowable maturity of a loan for purchase of a double-wide mobile home and a lot

    Source evidence

    Code amendment note
    Subsec. (d)(1). Pub. L. 97–66 increased from 15 years, 32 days to 20 years, 32 days the allowable maturity of a loan for purchase of a single-wide mobile home or a single-wide mobile home and a lot, from 20 years, 32 days to 23 years, 32 days the allowable maturity of a loan for purchase of a double-wide mobile home, and from 20 years, 32 days to 25 years, 32 days the allowable maturity of a loan for purchase of a double-wide mobile home and a lot.

    Enacted provision · exact public law section
    Sec. 503. extensions of maximum terms of guaranteed loans for mobile-home purchases Paragraph (1) of section 1819(d) is amended to read as follows: “(1) The maturity of any loan guaranteed under this section shall not be more than— “(A) fifteen years and thirty-two days, in the case of a loan for the purchase of a lot; “(B) twenty years and thirty-two days, in the case of a loan for the purchase of— “(i) a single-wide mobile home; or “(ii) a single-wide mobile home and a lot; “(C) twenty-three years and thirty-two days, in the case of a loan for the purchase of a double-wide mobile home; or “(D) twenty-five years and thirty-two days, in the case of a loan for the purchase of a double-wide mobile home and a lot.”.

46. 1981

    Veterans’ Health Care, Training, and Small Business Loan Act of 1981

    Pub. L. 97–72 § 303(h) · 95 Stat. 1047

    Substituted · 38 U.S.C. § 3712(a)(1)

    Pub. L. 97–72, § 303(h), substituted “housing loan benefits” for “benefits”

    Source evidence

    Code amendment note
    Subsec. (a)(1). Pub. L. 97–72, § 303(h), substituted “housing loan benefits” for “benefits”.

    Enacted provision · exact public law section
    (h) Section 1819(a)(1) is amended by inserting “housing loan” after “eligible for the”.

47. 1981

    Veterans’ Health Care, Training, and Small Business Loan Act of 1981

    Pub. L. 97–72 § 303(i) · 95 Stat. 1047

    Substituted · 38 U.S.C. § 3712(b)(2)

    Pub. L. 97–72, § 303(i), substituted “housing loan benefits” for “loan guaranty benefits”

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 97–72, § 303(i), substituted “housing loan benefits” for “loan guaranty benefits”.

    Enacted provision · exact public law section
    (i) Section 1819(b)(2) is amended by striking out “loan guaranty” and inserting in lieu thereof “housing loan”.

48. 1982

    Pub. L. 97–295 § 4(66) · 96 Stat. 1287

    Substituted · 38 U.S.C. § 3712(l)

    Pub. L. 97–295 substituted “October 23, 1970” for “the date of enactment of the Veterans’ Housing Act of 1970”

    Source evidence

    Code amendment note
    Subsec. (l). Pub. L. 97–295 substituted “October 23, 1970” for “the date of enactment of the Veterans’ Housing Act of 1970”.

    Enacted provision · exact public law section
    (66) Sections 1818(b) and 1819(1) are amended by striking out “the date of enactment of the Veterans’ Housing Act of 1970” and substituting “October 23, 1970,” and “October 23, 1970”, respectively.

49. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(c)(2)(C) · 96 Stat. 1429

    Substituted · 38 U.S.C. § 3712

    Pub. L. 97–306, § 406(c)(2)(C), substituted “Loans to purchase manufactured homes and lots” for “Loans to purchase mobile homes and mobile home lots” in section catchline

    Source evidence

    Code amendment note
    Pub. L. 97–306, § 406(c)(2)(C), substituted “Loans to purchase manufactured homes and lots” for “Loans to purchase mobile homes and mobile home lots” in section catchline.

    Enacted provision · exact public law section
    (C) by amending the section heading to read as follows: “§ 1819. Loans to purchase manufactured homes and lots”.

50. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(c)(2)(A) · 96 Stat. 1429

    Substituted · 38 U.S.C. § 3712(a)(1)(A)(E)

    Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (a)(1)(A) to (E). Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing.

    Enacted provision · exact public law section
    (A) by striking out “mobile” each place it appears and inserting in lieu thereof “manufactured”;

51. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(a)(1) · 96 Stat. 1429

    Added · 38 U.S.C. § 3712(a)(1)(G)

    Pub. L. 97–306, § 406(a)(1), added cl. (G)

    Source evidence

    Code amendment note
    Subsec. (a)(1)(G). Pub. L. 97–306, § 406(a)(1), added cl. (G).

    Enacted provision · exact public law section
    (1) in paragraph (1), by adding at the end the following new clause: “(G) To refinance in accordance with paragraph (5) of this subsection an existing loan that was made for the purchase of, and that is secured by, a manufactured home and to purchase a lot on which such manufactured home is or will be placed.”;

52. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(a)(2) · 96 Stat. 1429

    1. Inserted · 38 U.S.C. § 3712(a)(2)

       Pub. L. 97–306, § 406(a)(2), (c)(2)(A), inserted “(other than the refinancing under clause (F) of such paragraph of an existing loan)” after “subsection”

    2. Substituted · 38 U.S.C. § 3712(a)(2)

       Pub. L. 97–306, § 406(a)(2), (c)(2)(A), substituted “manufactured” for “mobile”

    Source evidence

    Code amendment note
    Subsec. (a)(2). Pub. L. 97–306, § 406(a)(2), (c)(2)(A), inserted “(other than the refinancing under clause (F) of such paragraph of an existing loan)” after “subsection” and substituted “manufactured” for “mobile”.

    Enacted provision · exact public law section
    (2) in paragraph (2), by inserting “(other than the refinancing under clause (F) of such paragraph of an existing loan)” after “subsection”;

53. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(a)(3) · 96 Stat. 1429

    1. Substituted · 38 U.S.C. § 3712(a)(3)

       Pub. L. 97–306, § 406(a)(3), (c)(2)(A), substituted “(C), (E), or (G)” for “(C) or (E)”

    2. Substituted · 38 U.S.C. § 3712(a)(3)

       Pub. L. 97–306, § 406(a)(3), (c)(2)(A), substituted “manufactured” for “mobile”

    Source evidence

    Code amendment note
    Subsec. (a)(3). Pub. L. 97–306, § 406(a)(3), (c)(2)(A), substituted “(C), (E), or (G)” for “(C) or (E)”, and “manufactured” for “mobile”.

    Enacted provision · exact public law section
    (3) in paragraph (3), by striking out “(C) or (E)” and inserting in lieu thereof “(C), (E), or (G)”; and

54. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(c)(2)(A) · 96 Stat. 1429

    1. Substituted · 38 U.S.C. § 3712(a)(4)(A)(ii)

       Pub. L. 97–306, § 406(c)(2)(A), (B), substituted “manufactured” for “mobile” wherever appearing

    2. Substituted · 38 U.S.C. § 3712(a)(4)(A)(ii)

       Pub. L. 97–306, § 406(c)(2)(A), (B), substituted “manufactured-home” for “mobile-home” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (a)(4)(A)(ii). Pub. L. 97–306, § 406(c)(2)(A), (B), substituted “manufactured” for “mobile”, wherever appearing and “manufactured-home” for “mobile-home” wherever appearing.

    Enacted provision · exact public law section
    (A) by striking out “mobile” each place it appears and inserting in lieu thereof “manufactured”;

55. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(a)(4) · 96 Stat. 1429

    Added · 38 U.S.C. § 3712(a)(5)

    Pub. L. 97–306, § 406(a)(4), added par. (5)

    Source evidence

    Code amendment note
    Subsec. (a)(5). Pub. L. 97–306, § 406(a)(4), added par. (5).

    Enacted provision · exact public law section
    (4) by adding at the end the following new paragraph: “(5) (A) For a loan to be guaranteed for the purpose specified in paragraph (1)(G) of this subsection— “(i) the loan must be secured by the same manufactured home as was the loan being refinanced and such manufactured home must be owned and occupied by the veteran as such veteran’s home; and “(ii) the amount of the loan may not exceed an amount equal to the sum of— “(I) the purchase price of the lot, “(II) the amount (if any) determined by the Administrator to be appropriate under paragraph (2) of this subsection to cover the cost of necessary preparation of such lot, “(III) the balance of the loan being refinanced, and “(IV) such closing costs (including any discount permitted Infra. pursuant to section 1803(c)(3)(E) of this title) as may be authorized by the Administrator, under regulations which the Administrator shall prescribe, to be included in such loan. “(B) When a loan is made to a veteran for the purpose specified in paragraph (1)(G) of this subsection, and the loan being refinanced was guaranteed, insured, or made under this section, the portion of the loan made for the purpose of refinancing such loan may be guaranteed by the Veterans’ Administration under this chapter without regard to the amount of outstanding guaranty entitlement available for use by such veteran, and the amount of such veteran’s guaranty entitlement shall not be charged as a result of any guaranty provided for such portion of such loan. For the purposes of section 1802(b) of this title, such portion of such loan shall be deemed to have been obtained with the guaranty entitlement used to obtain the loan being refinanced.”.

56. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(c)(2)(A) · 96 Stat. 1429

    Substituted · 38 U.S.C. § 3712(b)(1)(c)(1)(d)(1)(B)(C)(D)(e)(3)(4)(A)(B)(6)(f)(h)(k)

    Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing

    Source evidence

    Code amendment note
    Subsecs. (b)(1), (c)(1), (d)(1)(B), (C), (D), (e)(3), (4)(A), (B), (6), (f), (h) to (k). Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing.

    Enacted provision · exact public law section
    (A) by striking out “mobile” each place it appears and inserting in lieu thereof “manufactured”;

57. 1982

    Veterans’ Compensation, Education, and Employment Amendments of 1982

    Pub. L. 97–306 § 406(c)(2)(A) · 96 Stat. 1429

    Substituted · 38 U.S.C. § 3712(m)

    Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (m). Pub. L. 97–306, § 406(c)(2)(A), substituted “manufactured” for “mobile” wherever appearing.

    Enacted provision · exact public law section
    (A) by striking out “mobile” each place it appears and inserting in lieu thereof “manufactured”;

58. 1984

    Veterans’ Compensation and Program Improvements Amendments of 1984

    Pub. L. 98–223 title II § 205(b) · 98 Stat. 37

    Inserted · 38 U.S.C. § 3712(a)(5)

    Pub. L. 98–223 inserted “or section 1810(a)(9)(B)(ii) of this title” after “paragraph (1)(G) of this subsection” in two places

    Source evidence

    Code amendment note
    Subsec. (a)(5). Pub. L. 98–223 inserted “or section 1810(a)(9)(B)(ii) of this title” after “paragraph (1)(G) of this subsection” in two places.

    Enacted provision · exact public law section
    (b) Section 1819(a)(5) is amended by inserting “or section 96 Stat. 1444. 38 USC 1819. 1810(a)(9)(B)(ii) of this title” after “paragraph (1)(G) of this subsection” both places it appears.

59. 1986

    Pub. L. 99–576 title IV § 402(c)(2) · 100 Stat. 3248

    Inserted · 38 U.S.C. § 3712(e)(2)

    Pub. L. 99–576 inserted “as determined in accordance with the regulations prescribed under section 1810(g) of this title and” after “credit risk”

    Source evidence

    Code amendment note
    Subsec. (e)(2). Pub. L. 99–576 inserted “as determined in accordance with the regulations prescribed under section 1810(g) of this title and” after “credit risk”.

    Enacted provision · exact public law section
    (2) Section 1819(e)(2) is amended by inserting “as determined in accordance with the regulations prescribed under section 1810(g) of this title and” after “credit risk,”.

60. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 7(b)(1) · 101 Stat. 1315

    Struck · 38 U.S.C. § 3712(a)(4)(A)(ii)

    Pub. L. 100–198, § 7(b)(1), struck out “and such manufactured home (or a manufactured home on such lot) must be owned and occupied by the veteran as such veteran’s home” before semicolon at end

    Source evidence

    Code amendment note
    Subsec. (a)(4)(A)(ii). Pub. L. 100–198, § 7(b)(1), struck out “and such manufactured home (or a manufactured home on such lot) must be owned and occupied by the veteran as such veteran’s home” before semicolon at end.

    Enacted provision · exact public law section
    (1) in clause (ii), by striking out “and such” and all that follows through “veteran’s home”;

61. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 7(b)(2) · 101 Stat. 1315

    Added · 38 U.S.C. § 3712(a)(4)(A)(vi)

    Pub. L. 100–198, § 7(b)(2)–(4), added cl. (vi)

    Source evidence

    Code amendment note
    Subsec. (a)(4)(A)(vi). Pub. L. 100–198, § 7(b)(2)–(4), added cl. (vi).

    Enacted provision · exact public law section
    (2) in clause (iv), by striking out “and”;

62. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 8(b)(1) · 101 Stat. 1315

    Inserted · 38 U.S.C. § 3712(a)(5)(A)(i)

    Pub. L. 100–198, § 8(b)(1), inserted “(except as provided in section 1804(c)(2) of this title)” after “by the veteran”

    Source evidence

    Code amendment note
    Subsec. (a)(5)(A)(i). Pub. L. 100–198, § 8(b)(1), inserted “(except as provided in section 1804(c)(2) of this title)” after “by the veteran”.

    Enacted provision · exact public law section
    (1) Section 1819(a)(5)(A)(i) is amended by inserting “(except as provided in section 1804(c)(2) of this title)” after “by the veteran”.

63. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 3(b)(1) · 101 Stat. 1315

    Amended · 38 U.S.C. § 3712(c)(3)

    Pub. L. 100–198, § 3(b)(1), amended first sentence generally. Prior to amendment, first sentence read as follows: “The Administrator’s guaranty may not exceed the lesser of 50 per centum of the loan amount or the maximum loan guaranty entitlement available, not to exceed $20,000.”

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 100–198, § 3(b)(1), amended first sentence generally. Prior to amendment, first sentence read as follows: “The Administrator’s guaranty may not exceed the lesser of 50 per centum of the loan amount or the maximum loan guaranty entitlement available, not to exceed $20,000.”

    Enacted provision · exact public law section
    (1) in paragraph (3), by striking out the first sentence and inserting in lieu thereof the following: “The Administrator’s guaranty may not exceed 40 percent of the loan, or $20,000, whichever is less, reduced by the amount of entitlement pre-viously used by the veteran under this chapter and not restored as a result of the exclusion in section 1802(b) of this title.”; and

64. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 3(b)(2) · 101 Stat. 1315

    Amended · 38 U.S.C. § 3712(c)(4)

    Pub. L. 100–198, § 3(b)(2), amended first sentence generally. Prior to amendment, first sentence read as follows: “The amount of guaranty entitlement available to a veteran under this section shall not be more than $20,000, less the amount of any such entitlement as may have been used under this section.”

    Source evidence

    Code amendment note
    Subsec. (c)(4). Pub. L. 100–198, § 3(b)(2), amended first sentence generally. Prior to amendment, first sentence read as follows: “The amount of guaranty entitlement available to a veteran under this section shall not be more than $20,000, less the amount of any such entitlement as may have been used under this section.”

    Enacted provision · exact public law section
    (2) in paragraph (4), by striking out the first sentence and inserting in lieu thereof “The amount of any loan guaranteed under this section shall not exceed an amount equal to 95 percent of the purchase price of the property securing such loan.”

65. 1987

    Veterans’ Home Loan Program Improvements and Property Rehabilitation Act of 1987

    Pub. L. 100–198 § 8(b)(2) · 101 Stat. 1315

    Inserted · 38 U.S.C. § 3712(e)(5)

    Pub. L. 100–198, § 8(b)(2), inserted before semicolon at end “; except that the requirement of this clause shall not apply (A) in the case of a guaranteed loan that is for the purpose described in paragraph (1)(F) of subsection (a), or (B) in the case described in section 1804(c)(2)”

    Source evidence

    Code amendment note
    Subsec. (e)(5). Pub. L. 100–198, § 8(b)(2), inserted before semicolon at end “; except that the requirement of this clause shall not apply (A) in the case of a guaranteed loan that is for the purpose described in paragraph (1)(F) of subsection (a), or (B) in the case described in section 1804(c)(2)”.

    Enacted provision · exact public law section
    (2) Section 1819(e)(5) is amended by inserting before the semicolon the following: “; except that the requirement of this clause shall not apply (A) in the case of a guaranteed loan that is for the purpose described in paragraph (1)(F) of subsection (a), or (B) in the case described in section 1804(c)(2)”.

66. 1988

    Veterans’ Home Loan Program Emergency Amendments of 1988

    Pub. L. 100–253 § 3(b)(1) · 102 Stat. 20

    Substituted · 38 U.S.C. § 3712(c)(3)

    Pub. L. 100–253, § 3(b)(1), substituted “the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran” for “40 percent of the loan, or $20,000, whichever is less, reduced by the amount of entitlement previously used by the veteran under this chapter and not restored as a result of the exclusion in section 1802(b) of this title”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 100–253, § 3(b)(1), substituted “the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran” for “40 percent of the loan, or $20,000, whichever is less, reduced by the amount of entitlement previously used by the veteran under this chapter and not restored as a result of the exclusion in section 1802(b) of this title”.

    Enacted provision · exact public law section
    (1) in paragraph (3), by amending the first sentence to read as follows: “The Administrator’s guaranty may not exceed the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran.”;

67. 1988

    Veterans’ Home Loan Program Emergency Amendments of 1988

    Pub. L. 100–253 § 3(b)(2) · 102 Stat. 20

    Substituted · 38 U.S.C. § 3712(c)(4)

    Pub. L. 100–253, § 3(b)(2), substituted “maximum amount of guaranty entitlement available to a veteran under this section shall be $20,000 reduced by the amount of any such entitlement previously used by the veteran” for “amount of any loan guaranteed under this section shall not exceed an amount equal to 95 percent of the purchase price of the property securing such loan”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 100–253, § 3(b)(2), substituted “maximum amount of guaranty entitlement available to a veteran under this section shall be $20,000 reduced by the amount of any such entitlement previously used by the veteran” for “amount of any loan guaranteed under this section shall not exceed an amount equal to 95 percent of the purchase price of the property securing such loan”.

    Enacted provision · exact public law section
    (2) in paragraph (4), by amending the first sentence to read as follows: “The maximum amount of guaranty entitlement available to a veteran under this section shall be $20,000 reduced by the amount of any such entitlement previously used by the veteran.”; and

68. 1988

    Veterans’ Home Loan Program Emergency Amendments of 1988

    Pub. L. 100–253 § 3(b)(3) · 102 Stat. 20

    Added · 38 U.S.C. § 3712(c)(5)

    Pub. L. 100–253, § 3(b)(3), added par. (5)

    Source evidence

    Code amendment note
    Subsec. (c)(5). Pub. L. 100–253, § 3(b)(3), added par. (5).

    Enacted provision · exact public law section
    (3) by adding at the end the following new paragraph: “(5) The amount of any loan guaranteed under this section shall not exceed an amount equal to 95 percent of the purchase price of the property securing the loan.”.

69. 1988

    Veterans

    Pub. L. 100–322 § 415(b)(4)(C) · 102 Stat. 487

    Changed · 38 U.S.C. § 3712

    Pub. L. 100–322, § 415(b)(4)(C), renumbered section 1819 of this title as this section

    Source evidence

    Code amendment note
    Pub. L. 100–322, § 415(b)(4)(C), renumbered section 1819 of this title as this section.

    Enacted provision · exact public law section
    (C) Section 1819, as amended by subparagraphs (A) and (B) of this paragraph, is redesignated as section 1812 and transferred so that it will appear following section 1811.

70. 1988

    Veterans

    Pub. L. 100–322 § 415(b)(4)(A) · 102 Stat. 487

    Substituted · 38 U.S.C. § 3712(a)(4)(C); 38 U.S.C. § 3712(a)(b)(1); 38 U.S.C. § 3712(a)(c)(2)

    Pub. L. 100–322, § 415(b)(4)(A), substituted “for purposes specified in this section” for “under this section”

    Source evidence

    Code amendment note
    Subsecs. (a)(4)(C), (b)(1), (c)(2). Pub. L. 100–322, § 415(b)(4)(A), substituted “for purposes specified in this section” for “under this section”.

    Enacted provision · exact public law section
    (A) Section 1819 is amended by striking out “under this section” each place it appears in subsections (a)(4)(C), (b)(1), (c)(2), (c)(4), (d)(1), (e), (f), (g) (except where it appears in the second sentence), and (h)(1) and inserting in lieu thereof “for purposes specified in this section”.

71. 1988

    Veterans

    Pub. L. 100–322 § 415(b)(4)(B)(i) · 102 Stat. 487

    Inserted · 38 U.S.C. § 3712(c)(3)

    Pub. L. 100–322, § 415(b)(4)(B)(i), inserted “as specified in paragraph (4) of this subsection” before period at end

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 100–322, § 415(b)(4)(B)(i), inserted “as specified in paragraph (4) of this subsection” before period at end.

    Enacted provision · exact public law section
    (i) in the first sentence of paragraph (3) by inserting before the period the following: “as specified in paragraph (4) of this subsection”;

72. 1988

    Veterans

    Pub. L. 100–322 § 415(b)(4)(A) · 102 Stat. 487

    1. Substituted · 38 U.S.C. § 3712(c)(4)

       Pub. L. 100–322, § 415(b)(4)(A), (B)(ii), (iii), substituted “for purposes specified in this section” for “under this section”

    2. Substituted · 38 U.S.C. § 3712(c)(4)

       Pub. L. 100–322, § 415(b)(4)(A), (B)(ii), (iii), substituted “for purposes specified in section 1810” for “under section 1810”

    3. Substituted · 38 U.S.C. § 3712(c)(4)

       Pub. L. 100–322, § 415(b)(4)(A), (B)(ii), (iii), substituted “for purposes specified in such section 1810” for “under such section 1810”

    Source evidence

    Code amendment note
    Subsec. (c)(4). Pub. L. 100–322, § 415(b)(4)(A), (B)(ii), (iii), substituted “for purposes specified in this section” for “under this section” in two places, “for purposes specified in section 1810” for “under section 1810”, and “for purposes specified in such section 1810” for “under such section 1810”.

    Enacted provision · exact public law section
    (A) Section 1819 is amended by striking out “under this section” each place it appears in subsections (a)(4)(C), (b)(1), (c)(2), (c)(4), (d)(1), (e), (f), (g) (except where it appears in the second sentence), and (h)(1) and inserting in lieu thereof “for purposes specified in this section”.

73. 1988

    Veterans

    Pub. L. 100–322 § 415(b)(4)(A) · 102 Stat. 487

    Substituted · 38 U.S.C. § 3712(d)(1)(e)(g)(h)(1)

    Pub. L. 100–322, § 415(b)(4)(A), substituted “for purposes specified in this section” for “under this section”

    Source evidence

    Code amendment note
    Subsecs. (d)(1), (e) to (g), (h)(1). Pub. L. 100–322, § 415(b)(4)(A), substituted “for purposes specified in this section” for “under this section”.

    Enacted provision · exact public law section
    (A) Section 1819 is amended by striking out “under this section” each place it appears in subsections (a)(4)(C), (b)(1), (c)(2), (c)(4), (d)(1), (e), (f), (g) (except where it appears in the second sentence), and (h)(1) and inserting in lieu thereof “for purposes specified in this section”.

74. 1989

    Veterans Home Loan Indemnity and Restructuring Act of 1989

    Pub. L. 101–237 § 313(b)(1) · 103 Stat. 2062

    Substituted · 38 U.S.C. § 3712(a)(h)(2)(A)

    Pub. L. 101–237, § 313(b)(1), substituted “Secretary” and “Secretary’s” for “Administrator” and “Administrator’s”, respectively, wherever appearing

    Source evidence

    Code amendment note
    Subsecs. (a) to (h)(2)(A). Pub. L. 101–237, § 313(b)(1), 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.

75. 1989

    Veterans Home Loan Indemnity and Restructuring Act of 1989

    Pub. L. 101–237 § 313(b)(7) · 103 Stat. 2062

    1. Substituted · 38 U.S.C. § 3712(h)(2)(B)

       Pub. L. 101–237, § 313(b)(7), substituted “Secretary of Housing and Urban Development pursuant” for “Secretary pursuant”

    2. Substituted · 38 U.S.C. § 3712(h)(2)(B)

       Pub. L. 101–237, § 313(b)(7), substituted “Secretary of Veterans Affairs” for “Administrator” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (h)(2)(B). Pub. L. 101–237, § 313(b)(7), substituted “Secretary of Housing and Urban Development pursuant” for “Secretary pursuant” and substituted “Secretary of Veterans Affairs” for “Administrator” wherever appearing.

    Enacted provision · exact public law section
    (7) Section 1812(h)(2)(B) is amended— (A) by striking out “Secretary pursuant” and inserting in lieu thereof “Secretary of Housing and Urban Development pursuant”; and (B) by striking out “Administrator” each place it appears and inserting in lieu thereof “Secretary of Veterans Affairs”.

76. 1989

    Veterans Home Loan Indemnity and Restructuring Act of 1989

    Pub. L. 101–237 § 313(b)(1) · 103 Stat. 2062

    Substituted · 38 U.S.C. § 3712(i)(l)

    Pub. L. 101–237, § 313(b)(1), substituted “Secretary” and “Secretary’s” for “Administrator” and “Administrator’s”, respectively, wherever appearing

    Source evidence

    Code amendment note
    Subsecs. (i) to (l). Pub. L. 101–237, § 313(b)(1), 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.

77. 1990

    Omnibus Budget Reconciliation Act of 1990

    Pub. L. 101–508 title VIII § 8031(a) · 104 Stat. 1388

    Amended · 38 U.S.C. § 3712(c)(3)

    Pub. L. 101–508 amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The Secretary’s guaranty may not exceed the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran as specified in paragraph (4) of this subsection. Payment of a claim under such guaranty shall be made only after liquidation of the security for the loan and the filing of an accounting with the Secretary. In any such accounting the Secretary shall permit to be included therein accrued unpaid interest from the date of the first uncured default to such cutoff date as the Secretary may establish, and the Secretary shall allow the holder of the loan to charge against the liquidation or resale proceeds, accrued interest from the cutoff date established to such further date as the Secretary may determine and such costs and expenses as the Secretary determines to be reasonable and proper. The liability of the United States under the guaranty provided for by this section shall decrease or increase pro rata with any decrease or increase of the amount of the unpaid portion of the obligation.”

    Source evidence

    Code amendment note
    Subsec. (c)(3). Pub. L. 101–508 amended par. (3) generally. Prior to amendment, par. (3) read as follows: “The Secretary’s guaranty may not exceed the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran as specified in paragraph (4) of this subsection. Payment of a claim under such guaranty shall be made only after liquidation of the security for the loan and the filing of an accounting with the Secretary. In any such accounting the Secretary shall permit to be included therein accrued unpaid interest from the date of the first uncured default to such cutoff date as the Secretary may establish, and the Secretary shall allow the holder of the loan to charge against the liquidation or resale proceeds, accrued interest from the cutoff date established to such further date as the Secretary may determine and such costs and expenses as the Secretary determines to be reasonable and proper. The liability of the United States under the guaranty provided for by this section shall decrease or increase pro rata with any decrease or increase of the amount of the unpaid portion of the obligation.”

    Enacted provision · exact public law section
    (a) In General.— Paragraph (3) of section 1812(c) of title 38, United States Code, is amended to read as follows: “(3) (A) The Secretary’s guaranty may not exceed the lesser of (i) the lesser of $20,000 or 40 percent of the loan, or (ii) the maximum amount of the guaranty entitlement available to the veteran as specified in paragraph (4) of this subsection. “(B) A claim under the Secretary’s guaranty shall, at the election of the holder of a loan, be made by the filing of an accounting with the Secretary— “(i) within a reasonable time after the receipt by such holder of an appraisal by the Secretary of the value of the security for the loan; or “(ii) after liquidation of the security for the loan. “(C) If the holder of a loan applies for payment of a claim under clause (i) of subparagraph (B) of this paragraph, the amount of such claim payable by the Secretary shall be the lesser of— “(i) the amount equal to the excess, if any, of the total indebtedness over the amount of the appraisal referred to in such clause; or “(ii) the amount equal to the guaranty under this section. “(D) If the holder of a loan files for payment of a claim under clause (ii) of subparagraph (B) this paragraph, the amount of such claim payable by the Secretary shall be the lesser of— “(i) the amount equal to the excess, if any, of the total indebtedness over the greater of the value of the property securing the loan, as determined by the Secretary, or the amount of the liquidation or resale proceeds; or “(ii) the amount equal to the guaranty under this section. “(E) In any accounting filed pursuant to subparagraph (B)(ii) of this subsection, the Secretary shall permit to be included therein accrued unpaid interest from the date of the first uncured default to such cutoff date as the Secretary may establish, and the Secretary shall allow the holder of the loan to charge against the liquidation or resale proceeds accrued interest from the cutoff date established to such further date as the Secretary may determine and such costs and expenses as the Secretary determines to be reasonable and proper. “(F) The liability of the United States under the guaranty provided for by this paragraph shall decrease or increase pro rata with any decrease or increase of the amount of the unpaid portion of the obligation.”.

    Effective date note
    Pub. L. 101–508, title VIII, § 8031(b), Nov. 5, 1990, 104 Stat. 1388–348, provided that: “The amendment made by this section [amending this section] shall apply to claims filed with the Secretary of Veterans Affairs on or after the date of the enactment of this Act [Nov. 5, 1990].”

78. 1991

    Pub. L. 102–54 § 14(c)(8)(A) · 105 Stat. 267

    Substituted · 38 U.S.C. § 3712(c)(5)

    Pub. L. 102–54, § 14(c)(8)(A), substituted “for purposes specified in this section” for “under this section”

    Source evidence

    Code amendment note
    Subsec. (c)(5). Pub. L. 102–54, § 14(c)(8)(A), substituted “for purposes specified in this section” for “under this section”.

    Enacted provision · exact public law section
    (A) in subsection (c)(5), by striking out “under this section” and inserting in lieu thereof “for purposes specified in this section”; and

79. 1991

    Pub. L. 102–54 § 14(c)(8)(B) · 105 Stat. 267

    Struck · 38 U.S.C. § 3712(l)

    Pub. L. 102–54, § 14(c)(8)(B), struck out “, beginning 12 months following October 23, 1970,” after “shall”

    Source evidence

    Code amendment note
    Subsec. (l). Pub. L. 102–54, § 14(c)(8)(B), struck out “, beginning 12 months following October 23, 1970,” after “shall”.

    Enacted provision · exact public law section
    (B) in subsection (1), by striking out “, beginning 12 months following October 23, 1970,”.

80. 1991

    Pub. L. 102–83 § 5(a) · 105 Stat. 378

    Changed · 38 U.S.C. § 3712

    Pub. L. 102–83, § 5(a), renumbered section 1812 of this title as this section

    Source evidence

    Code amendment note
    Pub. L. 102–83, § 5(a), renumbered section 1812 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.

81. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(a)(4)(A)(iii)

    Pub. L. 102–83, § 5(c)(1), substituted “3703(c)(3)(A)” for “1803(c)(3)(A)”

    Source evidence

    Code amendment note
    Subsec. (a)(4)(A)(iii). Pub. L. 102–83, § 5(c)(1), substituted “3703(c)(3)(A)” for “1803(c)(3)(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.

82. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(a)(4)(B)

    Pub. L. 102–83, § 5(c)(1), substituted “3702(b)” for “1802(b)”

    Source evidence

    Code amendment note
    Subsec. (a)(4)(B). Pub. L. 102–83, § 5(c)(1), substituted “3702(b)” for “1802(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.

83. 1991

    Pub. L. 102–83 § 4(a)(2)(A)(v) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(a)(4)(B)

    Pub. L. 102–83, § 4(a)(2)(A)(v), substituted “Secretary” for “Veterans’ Administration”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 102–83, § 4(a)(2)(A)(v), substituted “Secretary” for “Veterans’ Administration”.

    Enacted provision · exact public law section
    (v) Paragraphs (4)(B) and (5)(B) of section 1812(a).

84. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    1. Substituted · 38 U.S.C. § 3712(a)(5)(A)

       Pub. L. 102–83, § 5(c)(1), substituted “3710(a)(9)(B)(ii)” for “1810(a)(9)(B)(ii)” in cl. (ii)(IV)

    2. Substituted · 38 U.S.C. § 3712(a)(5)(A)

       Pub. L. 102–83, § 5(c)(1), substituted “3704(c)(2)” for “1804(c)(2)” in cl. (ii)(IV)

    3. Substituted · 38 U.S.C. § 3712(a)(5)(A)

       Pub. L. 102–83, § 5(c)(1), substituted “3703(c)(3)(E)” for “1803(c)(3)(E)” in cl. (ii)(IV)

    Source evidence

    Code amendment note
    Subsec. (a)(5)(A). Pub. L. 102–83, § 5(c)(1), substituted “3710(a)(9)(B)(ii)” for “1810(a)(9)(B)(ii)” in introductory provisions, “3704(c)(2)” for “1804(c)(2)” in cl. (i), and “3703(c)(3)(E)” for “1803(c)(3)(E)” in cl. (ii)(IV).

    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.

85. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    1. Substituted · 38 U.S.C. § 3712(a)(5)(B)

       Pub. L. 102–83, § 5(c)(1), substituted “3710(a)(9)(B)(ii)” for “1810(a)(9)(B)(ii)”

    2. Substituted · 38 U.S.C. § 3712(a)(5)(B)

       Pub. L. 102–83, § 5(c)(1), substituted “3702(b)” for “1802(b)”

    Source evidence

    Code amendment note
    Subsec. (a)(5)(B). Pub. L. 102–83, § 5(c)(1), substituted “3710(a)(9)(B)(ii)” for “1810(a)(9)(B)(ii)” and “3702(b)” for “1802(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.

86. 1991

    Pub. L. 102–83 § 4(a)(2)(A)(v) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(a)(5)(B)

    Pub. L. 102–83, § 4(a)(2)(A)(v), substituted “Secretary” for “Veterans’ Administration”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 102–83, § 4(a)(2)(A)(v), substituted “Secretary” for “Veterans’ Administration”.

    Enacted provision · exact public law section
    (v) Paragraphs (4)(B) and (5)(B) of section 1812(a).

87. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(b)(2)

    Pub. L. 102–83, § 5(c)(1), substituted “3702(b)” for “1802(b)”

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 102–83, § 5(c)(1), substituted “3702(b)” for “1802(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.

88. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(c)(1)

    Pub. L. 102–83, § 5(c)(1), substituted “3702(d)” for “1802(d)”

    Source evidence

    Code amendment note
    Subsec. (c)(1). Pub. L. 102–83, § 5(c)(1), substituted “3702(d)” for “1802(d)”.

    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.

89. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    1. Substituted · 38 U.S.C. § 3712(c)(4)

       Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3711” for “1810 or 1811”

    2. Substituted · 38 U.S.C. § 3712(c)(4)

       Pub. L. 102–83, § 5(c)(1), substituted “3710” for “1810”

    Source evidence

    Code amendment note
    Subsec. (c)(4). Pub. L. 102–83, § 5(c)(1), substituted “3710 or 3711” for “1810 or 1811” and “3710” for “1810”.

    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.

90. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(e)(2)

    Pub. L. 102–83, § 5(c)(1), substituted “3710(g)” for “1810(g)”

    Source evidence

    Code amendment note
    Subsec. (e)(2). Pub. L. 102–83, § 5(c)(1), substituted “3710(g)” for “1810(g)”.

    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.

91. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    Substituted · 38 U.S.C. § 3712(e)(5)

    Pub. L. 102–83, § 5(c)(1), substituted “3704(c)(2)” for “1804(c)(2)”

    Source evidence

    Code amendment note
    Subsec. (e)(5). Pub. L. 102–83, § 5(c)(1), substituted “3704(c)(2)” for “1804(c)(2)”.

    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.

92. 1991

    Pub. L. 102–83 § 5(c)(1) · 105 Stat. 378

    1. Substituted · 38 U.S.C. § 3712(m)

       Pub. L. 102–83, § 5(c)(1), substituted “3704(d)” for “1804(d)”

    2. Substituted · 38 U.S.C. § 3712(m)

       Pub. L. 102–83, § 5(c)(1), substituted “3721” for “1821”

    Source evidence

    Code amendment note
    Subsec. (m). Pub. L. 102–83, § 5(c)(1), substituted “3704(d)” for “1804(d)” and “3721” for “1821”.

    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.

93. 1992

    Veterans Home Loan Program Amendments of 1992

    Pub. L. 102–547 § 6(2) · 106 Stat. 3633

    Amended · 38 U.S.C. § 3712(a)(4)(A)(iv)

    Pub. L. 102–547 amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “the amount of the guaranty of the loan may not exceed the original guaranty amount of the loan being refinanced;”

    Source evidence

    Code amendment note
    Subsec. (a)(4)(A)(iv). Pub. L. 102–547 amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: “the amount of the guaranty of the loan may not exceed the original guaranty amount of the loan being refinanced;”.

    Enacted provision · exact public law section
    (2) in section 3712(a)(4), by amending subparagraph (A)(iv) to read as follows: “(iv) notwithstanding section 3703(a)(1) of this title, the amount of the guaranty of the loan may not exceed the greater of (I) the original guaranty amount of the loan being refinanced, or (II) 25 percent of the loan;”.

94. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 1201(e)(14)(A)(i) · 108 Stat. 4645

    Inserted · 38 U.S.C. § 3712(c)(3)(D)

    Pub. L. 103–446, § 1201(e)(14)(A)(i), inserted “of” after “subparagraph (B)” in introductory provisions

    Source evidence

    Code amendment note
    Subsec. (c)(3)(D). Pub. L. 103–446, § 1201(e)(14)(A)(i), inserted “of” after “subparagraph (B)” in introductory provisions.

    Enacted provision · exact public law section
    (i) by inserting “of’ in subparagraph (D) after “subparagraph (B)”; and

95. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 1201(e)(14)(A)(ii) · 108 Stat. 4645

    Substituted · 38 U.S.C. § 3712(c)(3)(E)

    Pub. L. 103–446, § 1201(e)(14)(A)(ii), substituted “subparagraph (B)(ii) of this paragraph” for “subparagraph (B)(ii) of this subsection”

    Source evidence

    Code amendment note
    Subsec. (c)(3)(E). Pub. L. 103–446, § 1201(e)(14)(A)(ii), substituted “subparagraph (B)(ii) of this paragraph” for “subparagraph (B)(ii) of this subsection”.

    Enacted provision · exact public law section
    (ii) by striking out “of this subsection” in subparagraph (E) and inserting in lieu thereof “of this paragraph”; and

96. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 906(a) · 108 Stat. 4645

    Amended · 38 U.S.C. § 3712(h)(2)

    Pub. L. 103–446, § 906(a), amended par. (2) generally. Prior to amendment, par. (2) required the Secretary to inspect the manufacturing process of manufacturers of manufactured homes sold to veterans and provided for the delegation of that function to the Secretary of Housing and Urban Development

    Source evidence

    Code amendment note
    Subsec. (h)(2). Pub. L. 103–446, § 906(a), amended par. (2) generally. Prior to amendment, par. (2) required the Secretary to inspect the manufacturing process of manufacturers of manufactured homes sold to veterans and provided for the delegation of that function to the Secretary of Housing and Urban Development.

    Enacted provision · exact public law section
    (a) Certification of Conformity With Standards.— Paragraph (2) of subsection (h) of section 3712 is amended to read 38 USC 3712. as follows: “(2) Any manufactured housing unit properly displaying a certification of conformity to all applicable Federal manufactured home construction and safety standards pursuant to section 616 of the National Manufactured Housing Construction and Safety Standards Act of 1974 (42 U.S.C. 5415) shall be deemed to meet the standards required by paragraph (1).”.

97. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 906(b) · 108 Stat. 4645

    Substituted · 38 U.S.C. § 3712(j)

    Pub. L. 103–446, § 906(b), substituted “in the case of—” and pars. (1) to (3) for “in the case of manufactured homes constructed by any manufacturer who refuses to permit the inspections provided for in subsection (h) of this section; or in the case of manufactured homes which are determined by the Secretary not to conform to the aforesaid standards; or where the manufacturer of manufactured homes fails or is unable to discharge the manufacturer’s obligations under the warranty.”

    Source evidence

    Code amendment note
    Subsec. (j). Pub. L. 103–446, § 906(b), substituted “in the case of—” and pars. (1) to (3) for “in the case of manufactured homes constructed by any manufacturer who refuses to permit the inspections provided for in subsection (h) of this section; or in the case of manufactured homes which are determined by the Secretary not to conform to the aforesaid standards; or where the manufacturer of manufactured homes fails or is unable to discharge the manufacturer’s obligations under the warranty.”

    Enacted provision · exact public law section
    (b) Repeal of Inspection Requirements.— Subsection (j) of such section is amended by striking out “in the case of” the first place it appears and all that follows and inserting in lieu thereof “in the case of— “(1) manufactured homes constructed by a manufacturer who fails or is unable to discharge the manufacturer’s obligations under the warranty; “(2) manufactured homes which are determined by the Secretary not to conform to the standards provided for in subsection (h); or “(3) a manufacturer of manufactured homes who has engaged in procedures or practices determined by the Secretary to be unfair or prejudicial to veterans or the Government.”.

98. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 906(c) · 108 Stat. 4645

    Struck · 38 U.S.C. § 3712(l)

    Pub. L. 103–446, § 906(c), struck out “the results of inspections required by subsection (h) of this section,” after “including” and “of this section” after “subsection (i)”

    Source evidence

    Code amendment note
    Subsec. (l). Pub. L. 103–446, § 906(c), struck out “the results of inspections required by subsection (h) of this section,” after “including” and “of this section” after “subsection (i)”.

    Enacted provision · exact public law section
    (c) Elimination of Reporting Requirement.— Subsection (1) of such section is amended— (1) by striking out “the results of inspections required by subsection (h) of this section,”; and (2) by striking out “of this section,”.

99. 1994

    Veterans’ Benefits Improvements Act of 1994

    Pub. L. 103–446 § 1201(e)(14)(B) · 108 Stat. 4645

    Substituted · 38 U.S.C. § 3712(m)

    Pub. L. 103–446, § 1201(e)(14)(B), substituted “sections 3704(d) and 3721 of this title” for “section 3704(d) and section 3721 of this chapter”

    Source evidence

    Code amendment note
    Subsec. (m). Pub. L. 103–446, § 1201(e)(14)(B), substituted “sections 3704(d) and 3721 of this title” for “section 3704(d) and section 3721 of this chapter”.

    Enacted provision · exact public law section
    (B) in subsection (m), by striking out “section 3704(d) and section 3721 of this chapter” and inserting in lieu thereof “sections 3704(d) and 3721 of this title”.

100. 1995

     Federal Reports Elimination and Sunset Act of 1995

     Pub. L. 104–66 title I § 1141(b) · 109 Stat. 707

     1. Redesignated · 38 U.S.C. § 3712(l); 38 U.S.C. § 3712(m)

        Pub. L. 104–66 redesignated subsec. (m) as (l)

     2. Struck · 38 U.S.C. § 3712(l); 38 U.S.C. § 3712(m)

        Pub. L. 104–66 struck out former subsec. (l) which read as follows: “The Secretary’s annual report to Congress shall include a report on operations under this section, including experience with compliance with the warranty required by subsection (i) and the experience regarding defaults and foreclosures.”

     Source evidence

     Code amendment note
     Subsecs. (l), (m). Pub. L. 104–66 redesignated subsec. (m) as (l) and struck out former subsec. (l) which read as follows: “The Secretary’s annual report to Congress shall include a report on operations under this section, including experience with compliance with the warranty required by subsection (i) and the experience regarding defaults and foreclosures.”

     Enacted provision · exact public law section
     (b) Report on Loans To Purchase Manufactured Homes.— Section 3712 of title 38, United States Code, is amended— (1) by striking out subsection (1); and (2) by redesignating subsection (m) as subsection (1).

101. 2021

     William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021

     Pub. L. 116–283 div. A title IX § 926(a)(48) · 134 Stat. 3388

     Substituted · 38 U.S.C. § 3712(e)(2)

     Pub. L. 116–283 substituted “air, or space service” for “or air service”

     Source evidence

     Code amendment note
     Subsec. (e)(2). Pub. L. 116–283 substituted “air, or space service” for “or air service”.

     Enacted provision · exact public law section
     (48) Section 3712(e)(2).

127 of 128 references resolved to an enrolled provision · 1 partial