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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. § 3744 Approval of loans by the Secretary us united_states_code code_section 38 VETERANS BENEFITS 37 HOUSING AND SMALL BUSINESS LOANS 3744 38 U.S.C. § 3744 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/s3744 data/legal/raw/us/code/title-38/usc38.xml 8773923b9487eada197fddfc0b7d147eb10c6f10e979792bc23e2679717855fd 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 4fdd0e0c05bc266c153a5733726944d624bd03c6c659523854842df9f860a0b0 2026-07-04 official
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38 U.S.C. § 3744 - Approval of loans by the Secretary

Text

(a) Except as provided in subsection (b) of this section, a loan may not be guaranteed under this subchapter unless, before the closing of the loan, it is submitted to the Secretary for approval and the Secretary grants approval.

(b) The Secretary may exempt any lender of a class of lenders listed in section 3702(d) of this title from the prior approval requirement in subsection (a) of this section if the Secretary determines that the experience of such lender or class of lenders warrants such exemption.

(c) The Secretary may at any time upon thirty days notice require loans to be made by any lender or class of lenders under this subchapter to be submitted to the Secretary for prior approval. No guaranty shall exist with respect to any such loan unless evidence of the guaranty is issued by the Secretary.

(Added Pub. L. 9772, title III, § 302(a), Nov. 3, 1981, 95 Stat. 1057, § 1844; amended Pub. L. 101237, title III, § 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered § 3744 and amended Pub. L. 10283, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406.)

Notes

Editorial Notes

Amendments1991—Pub. L. 10283, § 5(a), renumbered section 1844 of this title as this section. Subsec. (b). Pub. L. 10283, § 5(c)(1), substituted “3702(d)” for “1802(d)”. 1989—Pub. L. 101237 substituted “Secretary” for “Administrator” in section catchline and wherever appearing in text.