38 U.S.C. § 3745 — Interest on loans
submitted 45 years ago by Pub. L. 97-72 to r/title-38-VETERANS-BENEFITS · 91 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Loans guaranteed under this subchapter shall bear interest not in excess of such rate as the Secretary* may from time to time find the loan market demands. In establishing the rate of interest that shall be applicable to such loans, the Secretary shall consult with the Administrator of the Small Business Administration.
The rate of interest on any direct loan made by the Secretary under this subchapter may not exceed the maximum rate in effect under subsection (a) of this section at the time the direct loan is made.
Source credit: (Added Pub. L. 97–72, title III, § 302(a), Nov. 3, 1981, 95 Stat. 1058, § 1845; amended Pub. L. 101–237, title III, § 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered § 3745 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404–406; Pub. L. 103–446, title XII, § 1201(a)(3), Nov. 2, 1994, 108 Stat. 4682.)
- 1981Enacted · Pub. L. 97-72 · 95 Stat. 1058
- 1989Amended · Pub. L. 101-237 · 103 Stat. 2077
- 1991Amended · Pub. L. 102-83 · 105 Stat. 404
- 1994Amended · Pub. L. 103-446 · 108 Stat. 4682
A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-72 on 1981-11-03.
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