WHAT THE LAW DOINCongress, in plain words

The law › Title 38, Veterans' Benefits › Chapter 37

38 U.S.C. 3732: Procedure on default

Created in 1958 by Public Law 85-857. Changed by 23 later laws. 1 new law this Congress changed it.

2 other sections of the Code cite this one, including 38 U.S.C. 3720, 38 U.S.C. 3737.

This Congress

  • H.R. 1815 VA Home Loan Program Reform Act · became law · changed (a), (c), (d)

How it got here

2018

  • Pub. L. 115–251 struck out par. (11) which read as follows: "This subsection shall apply to loans closed before September 30, 2018." (Department of Veterans Affairs Expiring Authorities Act of 2018) Law text · (c)

2017

  • Pub. L. 115–62 substituted "September 30, 2018" for "October 1, 2017". (Department of Veterans Affairs Expiring Authorities Act of 2017) Law text · (c)

2016

  • Pub. L. 114–228 substituted "October 1, 2017" for "October 1, 2016". (Department of Veterans Affairs Expiring Authorities Act of 2016) Law text · (c)

2015

  • Pub. L. 114–58 substituted "October 1, 2016" for "October 1, 2015". (Department of Veterans Affairs Expiring Authorities Act of 2015) Law text · (c)

2014

  • Pub. L. 113–175 substituted "October 1, 2015" for "October 1, 2014". (Department of Veterans Affairs Expiring Authorities Act of 2014) Law text · (c)

2013

  • Pub. L. 113–37 substituted "October 1, 2014" for "October 1, 2013". (Department of Veterans Affairs Expiring Authorities Act of 2013) Law text · (c)

2012

  • Pub. L. 112–191 substituted "October 1, 2013" for "October 1, 2012". (VA Major Construction Authorization and Expiring Authorities Extension Act of 2012) Law text · (c)

2010

  • Pub. L. 111–275 designated existing provisions as subpar. (A) and added subpar. (B). (Veterans' Benefits Act of 2010) Law text · (a)

2006

  • Pub. L. 109–233 substituted "paragraphs (5)(B), (6), (7)(B), and (8)(B)" for "clause (B) of paragraphs (5), (6), (7), and (8) of this subsection". (Veterans' Housing Opportunity and Benefits Improvement Act of 2006) Law text · (c)

2003

  • Pub. L. 108–183 substituted "October 1, 2012" for "October 1, 2011". (Veterans Benefits Act of 2003) Law text · (c)

2001

  • Pub. L. 107–103 substituted "October 1, 2011" for "October 1, 2008". (Veterans Education and Benefits Expansion Act of 2001) Law text · (c)

2000

  • Pub. L. 106–419 substituted "October 1, 2008" for "October 1, 2002". (Veterans Benefits and Health Care Improvement Act of 2000) Law text · (c)

1997

  • Pub. L. 105–33 substituted "October 1, 2002" for "October 1, 1998". (Balanced Budget Act of 1997) Law text · (c)

1994

  • Pub. L. 103–446, §907(b), struck out "either" after "defaulted loan", substituted "sale," for "sale or acquires the property at such sale for an amount that exceeds the lesser of the net value of the property or the total indebtedness under the loan—", struck out text of subpar. (A)… · (c)
  • Pub. L. 103–446, §907(a)(1), struck out "that was the minimum amount for which, under applicable State law, the property was permitted to be sold at the liquidation sale—" after "net value and" in introductory provisions. · (c)
  • Pub. L. 103–446, §907(a)(2), substituted "(i) the amount was the minimum amount for which, under applicable State law, the property was permitted to be sold at the liquidation sale, the holder shall have the option to convey the property to the United States in return for payment… · (c)
  • Pub. L. 103–446, §907(a)(3), substituted "paragraph (6)" for "paragraph (6)(B)". · (c)

1993

  • Pub. L. 103–66, §12006(a)(1), inserted "(including losses sustained on the resale of the property)" after "resale". · (c)
  • Pub. L. 103–66, §12006(a)(2), substituted "shall apply to loans closed before October 1, 1998" for "shall cease to have effect on December 31, 1992". · (c)

1991

  • Pub. L. 102–83, §5(a), renumbered section 1832 of this title as this section.
  • Pub. L. 102–83, §5(c)(1), substituted "3703(e)" for "1803(e)". · (a)
  • Pub. L. 102–54, §1, struck out subpar. (C) which read as follows: "The authority to carry out this paragraph shall terminate on March 1, 1991." · (a)
  • Pub. L. 102–83, §5(c)(1), substituted "3711" for "1811". · (b)
  • Pub. L. 102–83, §5(c)(1), substituted "3710(a)" for "1810(a)". · (c)
  • Pub. L. 102–83, §5(c)(1), substituted "3703(b)" for "1803(b)". · (c)
  • Pub. L. 102–54, §3(a), substituted "December 31, 1992" for "October 1, 1991". · (c)

1989

  • Pub. L. 101–237, §313(b)(1), (2), substituted "Secretary", "Secretary's", and "Department of Veterans Affairs' " for "Administrator", "Administrator's", and "Veterans' Administration's", respectively, wherever appearing. · (a)
  • Pub. L. 101–237, §304(b), substituted "Except as provided in section 1803(e) of this title, if" for "If" in last sentence of par. (1). · (a)
  • Pub. L. 101–237, §307, added par. (5). · (a)
  • Pub. L. 101–237, §313(b)(1), (2), substituted "Secretary" and "Department of Veterans Affairs" for "Administrator" and "Veterans' Administration", respectively, wherever appearing. · (b), (c)
  • Pub. L. 101–237, §308(a), inserted ", excluding any amount attributed to the cost to the Government of borrowing funds" before period at end. · (c)
  • Pub. L. 101–237, §308(b)(1), substituted "October 1, 1991" for "October 1, 1989". · (c)

1988

  • Pub. L. 100–322, §415(b)(1)(C), (5)(A), redesignated section catchline of section 1816 of this title as section catchline of this section and struck out former catchline which read as follows: "Furnishing information to real estate professionals to facilitate the disposition of properties".
  • Pub. L. 100–322, §415(b)(1)(A), (C), redesignated subsec. (a) of section 1816 of this title as subsec. (a) of this section, and in par. (4)(A)(i)(I) substituted "paragraph (2) of this subsection" for "section 1816(a)(2) of this title". · (a)
  • Pub. L. 100–322, §415(b)(1)(C), redesignated subsec. (b) of section 1816 of this title as subsec. (b) of this section. · (b)
  • Pub. L. 100–322, §415(b)(1)(B), (C), redesignated subsec. (c) of section 1816 of this title as subsec. (c) of this section, in par. (10)(A) inserted "(or such earlier date following the expiration of a reasonable period of time for such sale to occur as the Administrator may specify pu… · (c)

1987

  • Pub. L. 100–198, §4(a), added par. (4). · (a)
  • Pub. L. 100–198, §5(a)(1)–(3), substituted "Except as provided in subparagraph (D) of paragraph (10) of this subsection, the" for "The" at beginning, "applicable under paragraph (10) of this subsection, and" for "of the liquidation sale of the property securing the loan (or such … · (c)
  • Pub. L. 100–198, §5(a)(4), added pars. (10) and (11). · (c), (11)

1984

  • Pub. L. 98–369, §2512(a)(1)(A)–(C), designated existing first sentence as par. (1), substituted "Administrator of such default. Upon receipt of such notice, the Administrator may, subject to subsection (c) of this section," for "Administrator who shall thereupon", and substituted "g… · (a)
  • Pub. L. 98–369, §2512(a)(1)(A), designated existing second and third sentences as par. (2). · (a)
  • Pub. L. 98–369, §2512(a)(1)(A), designated existing fourth sentence as par. (3). · (a)
  • Pub. L. 98–369, §2512(a)(2), added subsec. (c). · (c)

1976

  • Pub. L. 94–324 substituted "the Administrator's" for "his". · (a)
  • Pub. L. 94–324 substituted "the Administrator" for "he" wherever appearing. · (b)

1965

  • Pub. L. 89–117 designated existing provisions as subsec. (a) and added subsec. (b).

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.