38 U.S.C. § 3746 — Maturity of loans
submitted 45 years ago by Pub. L. 97-72 to r/title-38-VETERANS-BENEFITS · 84 words · no verdicts yet
This section addresses Maturity of loans. It states the requirements, powers, limits, or procedures set out in the section.
The maturity of a loan made or guaranteed under this subchapter that is used in whole or in part for the construction, conversion, or expansion of facilities or for acquisition of real property cannot exceed twenty years plus that additional reasonable time as the Secretary* may determine, at the time the loan is made, is required to complete the construction, acquisition, or expansion of that facilities. The maturity of any other loan made or guaranteed under this subchapter cannot exceed ten years.
The maturity of a loan made or guaranteed under this subchapter that is used in whole or in part for the construction, conversion, or expansion of facilities or for acquisition of real property may not exceed twenty years plus such additional reasonable time as the Secretary* may determine, at the time the loan is made, is required to complete the construction, acquisition, or expansion of such facilities. The maturity of any other loan made or guaranteed under this subchapter may not exceed ten years.
Source credit: (Added Pub. L. 97–72, title III, § 302(a), Nov. 3, 1981, 95 Stat. 1058, § 1846; amended Pub. L. 101–237, title III, § 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered § 3746, Pub. L. 102–83, § 5(a), Aug. 6, 1991, 105 Stat. 406.)
- 1981Enacted · Pub. L. 97-72 · 95 Stat. 1058
- 1989Amended · Pub. L. 101-237 · 103 Stat. 2077
- 1991Amended · Pub. L. 102-83 · 105 Stat. 406
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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