38 U.S.C. § 3702
Basic entitlement
United States · Title 38 — VETERANS’ BENEFITS · Status: effective
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- Citation
- 38 U.S.C. § 3702, Basic entitlement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/473289
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Full text
The veterans described in paragraph (2) of this subsection are eligible for the housing loan benefits of this chapter. In the case of any veteran who served on active duty during two or more of the periods specified in paragraph (2) for which eligibility for the housing loan benefits under this chapter may be granted, entitlement derived from service during the most recent such period (A) shall cancel any unused entitlement derived from service during any earlier such period, and (B) shall be reduced by the amount by which entitlement from service during any earlier such period has been used to obtain a direct, guaranteed, or insured housing loan—
The veterans referred to in the first sentence of paragraph (1) of this subsection are the following:
Each veteran, other than a veteran described in clause (A) or (B) of this paragraph, who—
In computing the aggregate amount of guaranty or insurance housing loan entitlement available to a veteran under this chapter, the Secretary may exclude the amount of guaranty or insurance housing loan entitlement used for any guaranteed, insured, or direct loan under the following circumstances:
In a case not covered by paragraph (1) or (2)—
Any housing loan at least 20 percent of which is guaranteed under this chapter may be made by any national bank or Federal savings and loan association, or by any bank, trust company, building and loan association, or insurance company, organized or authorized to do business in the District of Columbia. Any such loan may be so made without regard to the limitations and restrictions of any other law relating to—
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. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Veterans Housing Act of 1974House: no recorded tallySenate: no recorded tally
- Veterans Housing Amendments Act of 1976House: no recorded tallySenate: no recorded tally
- Veterans' Housing Benefits Act of 1978House: no recorded tallySenate: no recorded tally
- Veterans' Health Care, Training, and Small Business Loan Act of 1981House: no recorded tallySenate: no recorded tally
- A bill to amend titles 10, 14, 37, and 38, United States Code, to codify recent law and to improve the Code.House: no recorded tallySenate: no recorded tally
- An act to amend title 38, United States Code, to increase the rates of compensation for disabled veterans and the rates of dependency and indemnity compensation for survivors; to express the sense of the Congress that increases in the rates of compensation should take effect on December 1 beginning in fiscal year 1985, and for other purposes.House: no recorded tallySenate: no recorded tally
- Veterans' Benefits and Services Act of 1988House: no recorded tallySenate: no recorded tally
- Veterans' Benefits Amendments of 1989House: no recorded tallySenate: no recorded tally
- Persian Gulf Conflict Supplemental Authorization and Personnel Benefits Act of 1991House: 396–4Senate: no recorded tally
- Department of Veterans Affairs Health-Care Personnel Act of 1991House: 399–0Senate: no recorded tally
- Department of Veterans Affairs Codification ActHouse: no recorded tallySenate: no recorded tally
- Veterans Home Loan Program Amendments of 1992House: no recorded tallySenate: no recorded tally
- Veterans' Benefits Improvements Act of 1994House: no recorded tallySenate: no recorded tally
- Veterans Programs Enhancement Act of 1998House: no recorded tallySenate: no recorded tally
- Veterans Millennium Health Care and Benefits ActHouse: 369–46Senate: no recorded tally
- Veterans Education and Benefits Expansion Act of 2001House: 416–0Senate: no recorded tally
- Veterans Benefits Act of 2003House: 399–0Senate: no recorded tally
- Hubbard ActHouse: no recorded tallySenate: no recorded tally
- Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020House: no recorded tallySenate: no recorded tally