yourstate.us
Home / United States / 38 U.S.C.
38 U.S.C. § 1961

Authority for higher interest rates for amounts payable to beneficiaries

United States · Title 38 — VETERANS’ BENEFITS · Status: effective

Get this as JSONEmbed this
Cite this
Citation
38 U.S.C. § 1961, Authority for higher interest rates for amounts payable to beneficiaries, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/472953
Permanent ID
ys:prov:472953@1
SHA-256
9e76c106a6d78d6ab7256a0a9cc36d8f96b9a09d8a548ee970817ed4245144d8

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

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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 96-128(H.R. 2282)1979-11-28
    An act to amend title 38, United States Code, to provide a cost-of-living increase in the rates of compensation paid to veterans with service-connected disabilities and in the rates of dependency and indemnity compensations paid to survivors of veterans, to modify certain veterans' life insurance programs, and to exempt Veterans' Administration home loans from State anti-usury laws; to provide for certain assistance in locating individuals who were exposed to occupational hazards during military service; and for other purposes.
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 102-83(H.R. 2525)1991-08-06
    Department of Veterans Affairs Codification Act
    House: no recorded tallySenate: no recorded tally