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38 U.S.C. § 3727 — Expenditures to correct or compensate for structural defects in mortgaged homes
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Secretary is authorized, with respect to any property improved by a one- to four-family dwelling inspected during construction by the Department of Veterans Affairs or the Federal Housing Administration which the Secretary finds to have structural defects seriously affecting the livability of the property, to make expenditures for (1) correcting such defects, (2) paying the claims of the owner of the property arising from such defects, or (3) acquiring title to the property; except that such authority of the Secretary shall exist only (A) if the owner requests assistance under this section not later than four years (or such shorter time as the Secretary may prescribe) after the mortgage loan was made, guaranteed, or insured, and (B) if the property is encumbered by a mortgage which is made, guaranteed, or insured under this chapter after May 7, 1968.
**(b)** The Secretary shall by regulation prescribe the terms and conditions under which expenditures and payments may be made under the provisions of this section, and the Secretary’s decisions regarding such expenditures or payments, and the terms and conditions under which the same are approved or disapproved, shall be final and conclusive, and shall not be subject to judicial review.
**(c)** The Secretary is authorized to make expenditures for the purposes of this section from the fund established pursuant to [section 3722 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section3722&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 3727
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Source file: Laws/federal/codes/united-states-code/title-38/section-3727-expenditures-to-correct-or-compensate-for-structural-defects-in-mortgage--49b06ac029.md
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Source location: Title 38, Chapter 37, § 3727; chapter-037-housing-and-small-business-loans.md
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**(a)** The Secretary is authorized, with respect to any property improved by a one- to four-family dwelling inspected during construction by the Department of Veterans Affairs or the Federal Housing Administration which the Secretary finds to have structural defects seriously affecting the livability of the property, to make expenditures for (1) correcting such defects, (2) paying the claims of the owner of the property arising from such defects, or (3) acquiring title to the property; except that such authority of the Secretary shall exist only (A) if the owner requests assistance under this section not later than four years (or such shorter time as the Secretary may prescribe) after the mortgage loan was made, guaranteed, or insured, and (B) if the property is encumbered by a mortgage which is made, guaranteed, or insured under this chapter after May 7, 1968.
**(b)** The Secretary shall by regulation prescribe the terms and conditions under which expenditures and payments may be made under the provisions of this section, and the Secretary’s decisions regarding such expenditures or payments, and the terms and conditions under which the same are approved or disapproved, shall be final and conclusive, and shall not be subject to judicial review.
**(c)** The Secretary is authorized to make expenditures for the purposes of this section from the fund established pursuant to [section 3722 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section3722&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** For the purpose of this chapter, the term “housing loan” means a loan for any of the purposes specified by sections 3710(a) and 3712(a)(1) of this title.
**(b)** For the purposes of housing loans under this chapter—
(1) The term “World War II” (A) means the period beginning on September 16, 1940, and ending on July 25, 1947, and (B) includes, in the case of any veteran who enlisted or reenlisted in a Regular component of the Armed Forces after October 6, 1945, and before October 7, 1946, the period of the first such enlistment or reenlistment.
(2) The term “veteran” includes the surviving spouse of any veteran (including a person who died in the active military, naval, air, or space service) who died from a service-connected disability, but only if such surviving spouse is not eligible for benefits under this chapter on the basis of the spouse’s own active duty. The active duty or service in the Selected Reserve of the deceased spouse shall be deemed to have been active duty or service in the Selected Reserve by such surviving spouse for the purposes of this chapter.
(3) The term “veteran” also includes, for purposes of home loans, the spouse of any member of the Armed Forces serving on active duty who is listed, pursuant to [section 556 of title 37](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title37-section556&num=0&edition=prelim), United States Code, and regulations issued thereunder, by the Secretary concerned in one or more of the following categories and has been so listed for a total of more than ninety days: (A) missing in action, (B) captured in line of duty by a hostile force, or (C) forcibly detained or interned in line of duty by a foreign government or power. The active duty of the member shall be deemed to have been active dut
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 3701
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** There is hereby established in the Treasury of the United States a fund known as the Veterans Housing Benefit Program Fund (hereinafter in this section referred to as the “Fund”).
**(b)** The Fund shall be available to the Secretary, without fiscal year limitation, for all housing loan operations under this chapter, other than administrative expenses, consistent with the Federal Credit Reform Act of 1990.
**(c)** There shall be deposited into the Fund the following, which shall constitute the assets of the Fund:
(1) Any amount appropriated to the Fund.
(2) Amounts paid into the Fund under [section 3729 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section3729&num=0&edition=prelim) or any other provision of law or regulation established by the Secretary imposing fees on persons or other entities participating in the housing loan programs under this chapter.
(3) All other amounts received by the Secretary on or after October 1, 1998, incident to housing loan operations under this chapter, including—
(A) collections of principal and interest on housing loans made by the Secretary under this chapter;
(B) proceeds from the sale, rental, use, or other disposition of property acquired under this chapter;
(C) proceeds from the sale of loans pursuant to sections 3720(h) and 3733(a)(3) of this title; and
(D) penalties collected pursuant to [section 3710(g)(4)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section3710/g/4/B&num=0&edition=prelim).
**(d)** Amounts deposited into the Fund under paragraphs (2) and (3) of subsection (c) shall be deposited in the appropriate financing or liquidating account of the Fund.
**(e)** For purposes of this section, the term “housing loan” sh
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 3722
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Secretary shall insure any individual under 70 years of age who has received assistance under this chapter against the death of the individual except for an individual who—
(1) elects in writing to not receive insurance under this section;
(2) fails to respond in a timely manner to a request from the Secretary for information on which the premium for such insurance can be based; or
(3) receives such assistance under [section 2102B of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title38-section2102b&num=0&edition=prelim).
**(b)** The amount of insurance provided an individual under this section may not exceed the lesser of $150,000, or after January 1, 2012, $200,000, or the amount of the loan outstanding on the housing unit. The amount of such insurance shall be reduced according to the amortization schedule of the loan and may not at any time exceed the amount of the outstanding loan with interest. If there is no outstanding loan on the housing unit, insurance is not payable under this section. If an eligible individual elects not to be insured under this section, the individual may thereafter be insured under this section, but only upon submission of an application, payment of required premiums, and compliance with such health requirements and other terms and conditions as may be prescribed by the Secretary.
**(c)** The premiums charged an individual for insurance under this section shall be paid at such time and in such manner as the Secretary prescribes. The rates for such premiums shall be based on such mortality data as the Secretary considers appropriate to cover only the mortality cost of insuring standard lives. In the case of an individual receiving compensation or other cash benefits paid to the individual by the S
Source: Supplied U.S. Code snapshot — release unconfirmed · 38 U.S.C. § 2106
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Federal law — U.S. Code and appendices · legal_authorities
Page 918
TITLE 38—VETERANS’ BENEFITS
[§§ 3723 to 3725
[§§ 3723 to 3725. Repealed. Pub. L. 105–368, title
VI, § 602(a)(1), Nov. 11, 1998, 112 Stat. 3345]
Section 3723, Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1214,
§ 1823; Pub. L. 86–73, § 4, June 30, 1959, 73 Stat. 156; Pub.
L. 86–665, § 4, July 14, 1960, 74 Stat. 532; Pub. L. 87–84, § 3,
July 6, 1961, 75 Stat. 202; Pub. L. 88–274, Feb. 29, 1964, 78
Stat. 147; Pub. L. 88–560, title VII, § 701(e)(2), Sept. 2,
1964, 78 Stat. 801; Pub. L. 94–324, §§ 6, 7(27), June 30, 1976,
90 Stat. 721, 722; Pub. L. 97–295, § 4(68), Oct. 12, 1982, 96
Stat. 1310; Pub. L. 97–452, § 2(e)(2), Jan. 12, 1983, 96 Stat.
2479; Pub. L. 99–576, title IV, § 405, Oct. 28, 1986, 100 Stat.
3281; Pub. L. 101–237, title III, § 313(b)(1), (8), (9), Dec. 18,
1989, 103 Stat. 2077, 2078; renumbered § 3723 and amended
Pub. L. 102–83, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406, re-
lated to direct loan revolving fund. See section 3722 of
this title.
Section 3724, added Pub. L. 86–665, § 7(a), July 14, 1960,
74 Stat. 532, § 1824; amended Pub. L. 94–324, § 7(28), June
30, 1976, 90 Stat. 722; Pub. L. 97–72, title III, § 303(j), Nov.
3, 1981, 95 Stat. 1060; Pub. L. 98–369, div. B, title V,
§ 2511(b), July 18, 1984, 98 Stat. 1117; Pub. L. 99–322, § 2(a),
May 23, 1986, 100 Stat. 494; Pub. L. 100–689, title III, § 303,
Nov. 18, 1988, 102 Stat. 4177; Pub. L. 101–237, title III,
§§ 302(a)(2), (3)(A), (c), 313(b)(1), (2), Dec. 18, 1989, 103
Stat. 2070, 2071, 2077; renumbered § 3724 and amended
Pub. L. 102–83, § 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 406, re-
lated to Loan Guaranty Revolving Fund. See section
3722 of this title.
Section 3725, Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1215,
§ 1824; renumbered § 1825, Pub. L. 86–665, § 7(a), July 14,
Source: Supplied 2024 U.S. Code historical extraction · 38 U.S.C. § 3727
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