38 U.S.C. § 3703
Basic provisions relating to loan guaranty and insurance
United States · Title 38 — VETERANS’ BENEFITS · Status: effective
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- Citation
- 38 U.S.C. § 3703, Basic provisions relating to loan guaranty and insurance, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/473290
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Full text
Any loan to a veteran eligible for benefits under this chapter, if made for any of the purposes specified in section 3710 of this title and in compliance with the provisions of this chapter, is automatically guaranteed by the United States in an amount not to exceed the lesser of—
In this subparagraph:
The provisions of the Servicemen’s Readjustment Act of 1944 which were in effect before April 1, 1958, with respect to the interest chargeable on loans made or guaranteed under such Act shall, notwithstanding the provisions of paragraph (1) of this subsection, continue to be applicable—
This section shall not be construed to prohibit a veteran from paying to a lender any reasonable discount required by such lender, when the proceeds from the loan are to be used—
In guaranteeing or insuring loans under this chapter, the Secretary may elect whether to require that such loans bear interest at a rate that is—
The Secretary may guarantee loans with provisions for various rates of amortization corresponding to anticipated variations in family income. With respect to any loan guaranteed under this subparagraph—
Any real estate housing loan (other than for repairs, alterations, or improvements) shall be secured by a first lien on the realty. In determining whether a loan is so secured, the Secretary may either disregard or allow for subordination to a superior lien created by a duly recorded covenant running with the realty in favor of either of the following:
The exemption from liability provided by paragraph (1) of this subsection shall not apply 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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- A bill to amend title 38 of the United States Code relating to basic provisions of the loan guaranty program for veterans.House: no recorded tallySenate: no recorded tally
- 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
- An act to amend title 38, United States Code, to provide cost-of-living increases in the rates of compensation for veterans with service-connected disabilities and in the rates of dependency and indemnity compensation for surviving spouses and children of veterans, to provide for limited grants for special home adaptations for certain severely disabled veterans, to provide for Veterans' Administration guaranties for loans to refinance certain existing veterans' home loans and to increase the maximum loan guaranties for home loans made to veterans, and to provide for the confidentiality of certain Veterans' Administration medical quality assurance records; and for other purposes.House: no recorded tallySenate: no recorded tally
- Veterans' Disability Compensation, Housing, and Memorial Benefits Amendments of 1981House: 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
- Veterans' Compensation, Education, and Employment Amendments of 1982House: 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' Home Loan Program Improvements and Property Rehabilitation Act of 1987House: no recorded tallySenate: no recorded tally
- Veterans' Home Loan Program Emergency Amendments of 1988House: 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
- To amend title 38, United States Code, with respect to veterans programs for housing and memorial affairs, and for other purposes.House: no recorded tallySenate: 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' Compensation Rates Codification Act of 1993House: no recorded tallySenate: no recorded tally
- Uniformed Services Employment and Reemployment Rights Act of 1994House: no recorded tallySenate: no recorded tally
- An Act to amend title 38, United States Code, to extend the authority of the Secretary of Veterans Affairs to carry out certain programs and activities, and for other purposes.House: 403–0Senate: no recorded tally
- Veterans Programs Enhancement Act of 1998House: no recorded tallySenate: no recorded tally
- Veterans Education and Benefits Expansion Act of 2001House: 416–0Senate: no recorded tally
- Veterans Benefits Improvement Act of 2002House: no recorded tallySenate: no recorded tally
- Veterans Benefits Improvement Act of 2004House: no recorded tallySenate: no recorded tally
- Veterans' Benefits Improvement Act of 2008House: no recorded tallySenate: no recorded tally
- Helping Families Save Their Homes Act of 2009
- Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012House: 380–0Senate: no recorded tally
- Blue Water Navy Vietnam Veterans Act of 2019House: 410–0Senate: no recorded tally