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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 38 U.S.C. § 1926 Authority for higher interest rates for amounts payable to beneficiaries us united_states_code code_section 38 VETERANS BENEFITS 19 INSURANCE 1926 38 U.S.C. § 1926 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc38@119-100.zip /us/usc/t38/s1926 data/legal/raw/us/code/title-38/usc38.xml 1eb3180734bba1364f3c6ae87b4fc9489ec89b4c892faf9f3820e1f7f8be34aa 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 95359abfcbe26d9958111d242e64bb7284e0f5b68271ef6af9c774acf52a49ae 2026-07-04 official
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38 U.S.C. § 1926 - Authority for higher interest rates for amounts payable to beneficiaries

Text

Notwithstanding sections 1902, 1923, and 1925 of this title, if the beneficiary of an insurance policy receives the proceeds of such policy under a settlement option under which such proceeds are paid in equal monthly installments over a limited period of months, the interest that may be added to each such installment may be at a rate that is higher than the interest rate prescribed in the appropriate section of this subchapter. The Secretary may from time to time establish a higher interest rate under the preceding sentence only in accordance with a determination that such higher rate is administratively and actuarially sound for the program of insurance concerned. Any such higher interest rate shall be paid on the unpaid balance of such monthly installments.

(Added Pub. L. 96128, title III, § 302(a), Nov. 28, 1979, 93 Stat. 986, § 726; renumbered § 1926 and amended Pub. L. 10283, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404406.)

Notes

Editorial Notes

Amendments1991—Pub. L. 10283, § 5(a), renumbered section 726 of this title as this section. Pub. L. 10283, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725”. Pub. L. 10283, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator”.

Statutory Notes and Related Subsidiaries

Effective DateSection effective Nov. 28, 1979, see section 601(b) of Pub. L. 96128, set out as an Effective Date of 1979 Amendment note under section 1114 of this title.