Fabio
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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 38 U.S.C. § 1961 | Authority for higher interest rates for amounts payable to beneficiaries | us | united_states_code | code_section | 38 | VETERANS’ BENEFITS | 19 | INSURANCE | 1961 | 38 U.S.C. § 1961 | 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/s1961 | data/legal/raw/us/code/title-38/usc38.xml | 9cff66d45ce842e85081fbcbd57820c99a554d77ff5659e4bd4bffaf33dcc3e6 | 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 | 7ef73e043793937aee38007bc17573c7c87eccda22ad0b09a43414398e156b98 | 2026-07-04 | official |
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38 U.S.C. § 1961 - Authority for higher interest rates for amounts payable to beneficiaries
Text
Notwithstanding section 1944(b) of this title, if the beneficiary of an insurance policy issued under the provisions of this subchapter 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 such section. 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. Any such higher interest rate shall be paid on the unpaid balance of such monthly installments.
(Added Pub. L. 96–128, title III, § 303(a), Nov. 28, 1979, 93 Stat. 986, § 761; renumbered § 1961 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)
Notes
Editorial Notes
Amendments1991—Pub. L. 102–83, § 5(a), renumbered section 761 of this title as this section. Pub. L. 102–83, § 5(c)(1), substituted “1944(b)” for “744(b)”. Pub. L. 102–83, § 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. 96–128, set out as an Effective Date of 1979 Amendment note under section 1114 of this title.