38 U.S.C. 3712: Loans to purchase manufactured homes and lots

2021

• Pub. L. 116–283 substituted "air, or space service" for "or air service". (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (e)

1995

• Pub. L. 104–66 redesignated subsec. (m) as (l) and struck out former subsec. (l) which read as follows: "The Secretary's annual report to Congress shall include a report on operations under this section, including experience with compliance with the warranty required by subsectio… (Federal Reports Elimination and Sunset Act of 1995) Law text · (l), (m)

1994

• Pub. L. 103–446, §1201(e)(14)(A)(i), inserted "of" after "subparagraph (B)" in introductory provisions. · (c)
• Pub. L. 103–446, §1201(e)(14)(A)(ii), substituted "subparagraph (B)(ii) of this paragraph" for "subparagraph (B)(ii) of this subsection". · (c)
• Pub. L. 103–446, §906(a), amended par. (2) generally. Prior to amendment, par. (2) required the Secretary to inspect the manufacturing process of manufacturers of manufactured homes sold to veterans and provided for the delegation of that function to the Secretary of Housing and Urb… · (h)
• Pub. L. 103–446, §906(b), substituted "in the case of—" and pars. (1) to (3) for "in the case of manufactured homes constructed by any manufacturer who refuses to permit the inspections provided for in subsection (h) of this section; or in the case of manufactured homes which are deter… · (j)
• Pub. L. 103–446, §906(c), struck out "the results of inspections required by subsection (h) of this section," after "including" and "of this section" after "subsection (i)". · (l)
• Pub. L. 103–446, §1201(e)(14)(B), substituted "sections 3704(d) and 3721 of this title" for "section 3704(d) and section 3721 of this chapter". · (m)

1992

• Pub. L. 102–547 amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: "the amount of the guaranty of the loan may not exceed the original guaranty amount of the loan being refinanced;". · (a)

1991

• Pub. L. 102–83, §5(a), renumbered section 1812 of this title as this section.
• Pub. L. 102–83, §5(c)(1), substituted "3703(c)(3)(A)" for "1803(c)(3)(A)". · (a)
• Pub. L. 102–83, §5(c)(1), substituted "3702(b)" for "1802(b)". · (a)
• Pub. L. 102–83, §4(a)(2)(A)(v), substituted "Secretary" for "Veterans' Administration". · (a)
• Pub. L. 102–83, §5(c)(1), substituted "3710(a)(9)(B)(ii)" for "1810(a)(9)(B)(ii)" in introductory provisions, "3704(c)(2)" for "1804(c)(2)" in cl. (i), and "3703(c)(3)(E)" for "1803(c)(3)(E)" in cl. (ii)(IV). · (a)
• Pub. L. 102–83, §5(c)(1), substituted "3710(a)(9)(B)(ii)" for "1810(a)(9)(B)(ii)" and "3702(b)" for "1802(b)". · (a)
• Pub. L. 102–83, §4(a)(2)(A)(v), substituted "Secretary" for "Veterans' Administration". · (a)
• Pub. L. 102–83, §5(c)(1), substituted "3702(b)" for "1802(b)". · (b)
• Pub. L. 102–83, §5(c)(1), substituted "3702(d)" for "1802(d)". · (c)
• Pub. L. 102–83, §5(c)(1), substituted "3710 or 3711" for "1810 or 1811" and "3710" for "1810". · (c)
• Pub. L. 102–54, §14(c)(8)(A), substituted "for purposes specified in this section" for "under this section". · (c)
• Pub. L. 102–83, §5(c)(1), substituted "3710(g)" for "1810(g)". · (e)
• Pub. L. 102–83, §5(c)(1), substituted "3704(c)(2)" for "1804(c)(2)". · (e)
• Pub. L. 102–54, §14(c)(8)(B), struck out ", beginning 12 months following October 23, 1970," after "shall". · (l)
• Pub. L. 102–83, §5(c)(1), substituted "3704(d)" for "1804(d)" and "3721" for "1821". · (m)

1990

• Pub. L. 101–508 amended par. (3) generally. Prior to amendment, par. (3) read as follows: "The Secretary's guaranty may not exceed the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran as specifi… · (c)

1989

• Pub. L. 101–237, §313(b)(1), substituted "Secretary" and "Secretary's" for "Administrator" and "Administrator's", respectively, wherever appearing. · (a), (b), (c), (d), (e), (f), (g), (h)
• Pub. L. 101–237, §313(b)(7), substituted "Secretary of Housing and Urban Development pursuant" for "Secretary pursuant" and substituted "Secretary of Veterans Affairs" for "Administrator" wherever appearing. · (h)
• Pub. L. 101–237, §313(b)(1), substituted "Secretary" and "Secretary's" for "Administrator" and "Administrator's", respectively, wherever appearing. · (i), (j), (k), (l)

1988

• Pub. L. 100–322, §415(b)(4)(C), renumbered section 1819 of this title as this section.
• Pub. L. 100–322, §415(b)(4)(A), substituted "for purposes specified in this section" for "under this section". · (a), (b), (c)
• Pub. L. 100–322, §415(b)(4)(B)(i), inserted "as specified in paragraph (4) of this subsection" before period at end. · (c)
• Pub. L. 100–253, §3(b)(1), substituted "the lesser of (A) the lesser of $20,000 or 40 percent of the loan, or (B) the maximum amount of guaranty entitlement available to the veteran" for "40 percent of the loan, or $20,000, whichever is less, reduced by the amount of entitlement previously used by … · (c)
• Pub. L. 100–322, §415(b)(4)(A), (B)(ii), (iii), substituted "for purposes specified in this section" for "under this section" in two places, "for purposes specified in section 1810" for "under section 1810", and "for purposes specified in such section 1810" for "under such section 1… · (c)
• Pub. L. 100–253, §3(b)(2), substituted "maximum amount of guaranty entitlement available to a veteran under this section shall be $20,000 reduced by the amount of any such entitlement previously used by the veteran" for "amount of any loan guaranteed under this section shall not exceed an amount eq… · (c)
• Pub. L. 100–253, §3(b)(3), added par. (5). · (c)
• Pub. L. 100–322, §415(b)(4)(A), substituted "for purposes specified in this section" for "under this section". · (e), (f), (g)

1987

• Pub. L. 100–198, §7(b)(1), struck out "and such manufactured home (or a manufactured home on such lot) must be owned and occupied by the veteran as such veteran's home" before semicolon at end. · (a)
• Pub. L. 100–198, §7(b)(2)–(4), added cl. (vi). · (a)
• Pub. L. 100–198, §8(b)(1), inserted "(except as provided in section 1804(c)(2) of this title)" after "by the veteran". · (a)
• Pub. L. 100–198, §3(b)(1), amended first sentence generally. Prior to amendment, first sentence read as follows: "The Administrator's guaranty may not exceed the lesser of 50 per centum of the loan amount or the maximum loan guaranty entitlement available, not to exceed $20,000." · (c)
• Pub. L. 100–198, §3(b)(2), amended first sentence generally. Prior to amendment, first sentence read as follows: "The amount of guaranty entitlement available to a veteran under this section shall not be more than $20,000, less the amount of any such entitlement as may have been use… · (c)
• Pub. L. 100–198, §8(b)(2), inserted before semicolon at end "; except that the requirement of this clause shall not apply (A) in the case of a guaranteed loan that is for the purpose described in paragraph (1)(F) of subsection (a), or (B) in the case described in section 1804(c)(2)". · (e)

1986

• Pub. L. 99–576 inserted "as determined in accordance with the regulations prescribed under section 1810(g) of this title and" after "credit risk". · (e)

1984

• Pub. L. 98–223 inserted "or section 1810(a)(9)(B)(ii) of this title" after "paragraph (1)(G) of this subsection" in two places. · (a)

1982

• Pub. L. 97–306, §406(c)(2)(C), substituted "Loans to purchase manufactured homes and lots" for "Loans to purchase mobile homes and mobile home lots" in section catchline.
• Pub. L. 97–306, §406(c)(2)(A), substituted "manufactured" for "mobile" wherever appearing. · (a)
• Pub. L. 97–306, §406(a)(1), added cl. (G). · (a)
• Pub. L. 97–306, §406(a)(2), (c)(2)(A), inserted "(other than the refinancing under clause (F) of such paragraph of an existing loan)" after "subsection" and substituted "manufactured" for "mobile". · (a)
• Pub. L. 97–306, §406(a)(3), (c)(2)(A), substituted "(C), (E), or (G)" for "(C) or (E)", and "manufactured" for "mobile". · (a)
• Pub. L. 97–306, §406(c)(2)(A), (B), substituted "manufactured" for "mobile", wherever appearing and "manufactured-home" for "mobile-home" wherever appearing. · (a)
• Pub. L. 97–306, §406(a)(4), added par. (5). · (a)
• Pub. L. 97–306, §406(c)(2)(A), substituted "manufactured" for "mobile" wherever appearing. · (h), (i), (j), (k)
• Pub. L. 97–295 substituted "October 23, 1970" for "the date of enactment of the Veterans' Housing Act of 1970". · (l)
• Pub. L. 97–306, §406(c)(2)(A), substituted "manufactured" for "mobile" wherever appearing. · (m)

1981

• Pub. L. 97–72, §303(h), substituted "housing loan benefits" for "benefits". · (a)
• Pub. L. 97–72, §303(i), substituted "housing loan benefits" for "loan guaranty benefits". · (b)
• Pub. L. 97–66 increased from 15 years, 32 days to 20 years, 32 days the allowable maturity of a loan for purchase of a single-wide mobile home or a single-wide mobile home and a lot, from 20 years, 32 days to 23 years, 32 days the allowable maturity of a loan for purchase of a doubl… · (d)

1980

• Pub. L. 96–385, §401(b)(1), added cl. (F). · (a)
• Pub. L. 96–385, §401(b)(2), added par. (4). · (a)
• Pub. L. 96–385, §402(c), substituted "$20,000" for "$17,500" once in par. (3) and twice in par. (4). · (c), (4)

1978

• Pub. L. 95–476, §107(a), substituted provisions that loans to eligible veterans could be guaranteed if such loans were for certain approved purposes, that such loans for any approved purpose could include an amount determined by the Administrator to be appropriate to cover the cost of … · (a)
• Pub. L. 95–476, §107(a), substituted provision that use of benefit entitlement under this section for purchase of a mobile home unit would preclude use of any remainder of entitlement for purchase of an additional mobile home unit until the first unit had been disposed of or destroy… · (b)
• Pub. L. 95–476, §107(a), substituted provision authorizing Administrator to restore full benefit entitlement to a veteran under this chapter when conditions prescribed in section 1802(b) of this title had been met for provision authorizing loans to purchase and prepare a mobile home… · (b)
• Pub. L. 95–476, §107(b)(1), struck out provisions relating to eligible purposes of mobile home loans under this section. · (c)
• Pub. L. 95–476, §107(b)(2), substituted provision limiting liability of Administrator under loan guaranty to a maximum of lesser of 50 per centum of loan amount or maximum loan guaranty entitlement available, not to exceed $17,500, for provision limiting Administrator's guaranty to … · (c)
• Pub. L. 95–476, §107(b)(3), added par. (4). · (c)
• Pub. L. 95–476, §107(c), struck out provisions establishing maximum loan amounts for guaranteed mobile home loans and increased maturity for single-wide mobile home loans and lot-only loans from 12 years and 32 days to 15 years and 32 days. · (d)
• Pub. L. 95–476, §107(d), substituted provisions authorizing Administrator to determine reasonable maximum loan amounts for purchase of new or used mobile homes and purchase and preparation of mobile home lots for provision requiring, as a condition to guaranty, that loans not exceed… · (e)
• Pub. L. 95–476, §107(e), redesignated subsec. (h) as (g). Former subsec. (g), limiting to a single time the restoration of loan guaranty entitlement for any veteran for the purchase of a mobile home, was struck out. · (g)
• Pub. L. 95–476, §107(e), (f), redesignated subsec. (i) as (h)(1) and struck out provision authorizing the Administrator to inspect the mobile home manufacturing process periodically as well as on-site inspections of existing mobile home units to assure compliance with certain standa… · (h)
• Pub. L. 95–476, §107(f), added par. (2). · (h)
• Pub. L. 95–476, §107(e), (g)(1), redesignated subsec. (j) as (i) and substituted "subsection (h)" for "subsection (i)". Former subsec. (i) redesignated (h). · (i)
• Pub. L. 95–476, §107(e), (g)(1), redesignated subsec. (k) as (j) and substituted "subsection (h)" for "subsection (i)". Former subsec. (j) redesignated (i). · (j)
• Pub. L. 95–476, §107(e), redesignated subsec. (l) as (k). Former subsec. (k) redesignated (j). · (k)
• Pub. L. 95–476, §107(e), (g), redesignated subsec. (m) as (l) and substituted "subsection (h)" and "subsection (i)" for "subsection (i)" and "subsection (j)", respectively. Former subsec. (l) redesignated (k). · (l)
• Pub. L. 95–476, §107(e), redesignated subsec. (n) as (m). Former subsec. (m) redesignated (l). · (m), (n)

1976

• Pub. L. 94–324, §7(20), substituted "the Administrator determines" for "he determines". · (c)
• Pub. L. 94–324, §§5, 7(20), increased amount of Administrator's guaranty from 30 per centum of the loan to 50 per centum of the loan and substituted "the Administrator" for "he" wherever appearing. · (c)
• Pub. L. 94–324, §7(21), substituted "the Administrator's" for "his". · (d)
• Pub. L. 94–324, §7(21), substituted "the Administrator shall" for "he shall". · (d)
• Pub. L. 94–324, §7(22), substituted "subsection" for "subparagraph". · (e)
• Pub. L. 94–324, §7(22), substituted "the veteran will" for "he will" and "the veteran's" for "his". · (e)
• Pub. L. 94–324, §7(23), substituted "the Administrator determines" for "he determines". · (f)
• Pub. L. 94–324, §7(23), substituted "the Administrator determines" for "he determines" in two places and "the Administrator has" for "he has". · (h)
• Pub. L. 94–324, §7(23), substituted "the manufacturer's obligations" for "his obligations". · (k)
• Pub. L. 94–324, §7(23), substituted "the Administrator determines" for "he determines". · (l)

1974

• Pub. L. 93–569, §5(1), inserted "or the mobile home lot loan guaranty benefit, or both," after "loan guaranty benefit" wherever appearing, and struck out "mobile home" before "loan guaranteed under this section". · (a)
• Pub. L. 93–569, §5(2), designated existing provisions as subsec. (b)(1) and redesignated cls. (1) and (2) as (A) and (B), respectively. · (b)
• Pub. L. 93–569, §5(2), added par. (2). · (b)
• Pub. L. 93–569, §5(3), (4), redesignated cls. (1) and (2) as (A) and (B), respectively, and in cl. (A) as so redesignated, inserted provision relating to purchase of a lot on which to place a mobile home previously purchased by the veteran, whether or not such mobile home was purcha… · (c)
• Pub. L. 93–569, §5(5), substituted ", whether or not the mobile home was financed with assistance under this section, and in the case of necessary site preparation, the loan amount for such purposes may not exceed the reasonable value of such lot" for "financed through the assistanc… · (d)
• Pub. L. 93–569, §5(6), substituted "$12,500" for "$10,000," and "single wide mobile home only" for "mobile home only,". · (d)
• Pub. L. 93–569, §5(6), increased from $15,000 to $20,000, and from fifteen years and thirty-two days to twenty years and thirty-two days the amount and period of the loan, struck out the $10,000 maximum allowable amount for the mobile home, and restricted the amount of the loan t… · (d)
• Pub. L. 93–569, §5(6), substituted "$20,000" for "$17,500," "$12,500" for "$10,000," "single-wide mobile home" for "mobile home" and "an undeveloped lot" for "a suitably developed lot," and inserted provision including such amount as is appropriate to cover cost of site preparati… · (d)
• Pub. L. 93–569, §5(6), added subpars. (D) to (H). · (d)
• Pub. L. 93–569, §5(7), inserted "purchased with the proceeds of the loan and on" after "mobile home". · (e)
• Pub. L. 93–569, §5(8), inserted "and mobile home lot loans" after "loans". · (f)
• Pub. L. 93–569, §5(9), inserted provision prohibiting the guarantee of a loan for the purchase of a lot on which to place a mobile home unless the lot meets prescribed standards. · (i)
• Pub. L. 93–569, §5(10), inserted "and mobile home lot loans" after "mobile home loans". · (n)
• Pub. L. 93–569, §5(11), struck out subsec. (o) which prohibited the making or guaranteeing of loans on and after July 1, 1975, except upon prior commitment. · (o)