38 CFR 11.102
§ 11.102 Term of note.
United States · 38 CFR — Pensions, Bonuses, and Veterans' Relief · Status: effective
Cite this
- Citation
- 38 CFR 11.102, § 11.102 Term of note, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/164109
- Permanent ID
ys:prov:164109@1- SHA-256
bff8554c964d1feb34a20b5b88e59082255d657919c6b95d27c29964cad973bc
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
All loans will be for a period of one year and if not paid will be automatically extended from year to year for periods of one year in the amount of the principal plus interest accrued to the end of the immediately preceding expired loan year, which total amount shall automatically become a new principal each year provided a loan may be paid off at any time by the payment of principal and accrued interest, but in no event will interest accruing after September 30, 1931, be deducted in final settlement of a certificate except as provided in § 11.93(b).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.