Page:United States Statutes at Large Volume 80 Part 1.djvu/62

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PUBLIC LAW 89-000—MMMM. DD, 1966

26

74 Stat. 532.

72 Stat. 1211.

75 Stat. 2 0 1.

PUBLIC LAW 89-358-MAR. 3, 1966

[80 STAT.

"(2) If a loan report or application for loan guaranty is received by the Administrator before the date of expiration of the veteran's entitlement, the loan may be guaranteed under this chapter after such date. "(d.) A fee shall be collected from each veteran obtaining a loan guaranteed or made under this section, and no loan shall be guaranteed or made under this section until the fee payable with respect to such loan has been collected and remitted to the Administrator. The amount of the fee shall be established from time to time by the Administrator, but shall in no event exceed one-half of 1 per centum of the total loan amount. The amount of the fee may be included in the loan to the veteran and paid from the proceeds thereof. The Administrator shall deposit all fees collected hereunder in the revolving fund established under the provisions of section 1824 of this title. "(e) Notwithstanding any of the provisions of this section, a veteran deriving entitlement under t)his section shall not be required to pay the fee prescribed by subsection (d) and such entitlement shall include eligibility for any of the purposes specified in sections 1813 and 1815, and business loans under section 1814 of this title, if (1) the period of his entitlement to the benefits of this chapter based on service during World W a r II or the Korean conflict has not expired under section 1803(a)(3), and (2) he has not used any of his entitlement derived from such service. (b) The table of sections at the beginning of chapter 37 of such title is amended by inserting immediately below "1817. Release from liability under guaranty."

the following: •"1818. Veterans who serve after January 31, 1955."

12 USC ^709 75 Stat. 201.'

(c) Section 1822(a) of such title is amended by striking out "or 1813", and inserting in lieu thereof "1813, or 1818". (d) Section 1803(c)(1) of title 38, United States Code, is amended by striking out ", with the approval of the Secretary" and all that follows through the end thereof and inserting in lieu thereof the following: "may from time to time find the loan market demands; except that such rate shall in no event exceed that in effect under the provisions of section 203(b)(5) of the National Housing Act." (e) Section 1811(d) of such title is amended by striking out "$15,000" each place where it appears therein and inserting in lieu thereof in each such place "$17,500". (f)(1) Subchapter III of chapter 37 of such title is amended by adding at the end thereof the following new section:

  • '§ 1826. Withholding of payments, benefits, etc.

" (a) The Administrator shall not, unless he first obtains the consent in writing of an individual, set off against, or otherwise withhold from, such individual any benefits payable to such individual under any law administered by the Veterans' Administration because of liability allegedly arising out of any loan made to, assumed by, or guaranteed or insured on account of, such individual under this chapter. " (b) No officer, employee, department, or agency of the United States shall set off against, or otherwise withhold from, any veteran or the widow of any veteran any payments (other than benefit payments under any law administered by the Veterans' Administration) which such veteran or widow would otherwise be entitled to receive because of any liability to the Administrator allegedly arising out of any loan made to, assumed by, or guaranteed or insured on account