106 STAT. 3636 PUBLIC LAW 102-547—OCT. 28, 1992 number of first time homebuyers using any other loan guaranteed under chapter 37 of such title. SEC. 4. ENHANCED LOAN ASSET SALE AUTHORITY. Section 3720(h)(2) of title 38, United States Code, is amended by striking out "December 31, 1992" and inserting in lieu thereof " December 31, 1995". SEC. S. FEES FOR REFINANCING LOANS. Section 3729(a)(2) of title 38, United States Code (as amended by section 2(b) of this Act), is amended— (1) in subparagraph (A), by inserting "(other than section 3712(a)(l)(F))" after "section 3712"; and (2) by inserting after subparagraph (D) the following new subparagraph: "(E) in the case of a loan guaranteed under section 3710(a)(8), 3710(a)(9)(B)(i), or 3712(a)(l)(F) of this title, the amount of such fee shall be 0.5 percent of the total loan amount.". SEC. 6. GUARANTY AMOUNT RELATIVE TO LOAN REFINANCINGS. Chapter37oftitle38, United States Code, is amended— (1) in section 3710(e), by amending paragraph (I)(D) to read as follows: "(D) notwithstanding section 3703(a)(l) of this title, the amount of the guaranty of the loan may not exceed the greater of (i) the original guaranty amount of the loan being refinanced, or (ii) 25 percent of the loan;"; and (2) in section 3712(a)(4), by amending subparagraph (A)(iv) to read as follows: "(iv) notwithstanding section 3703(a)(l) of this title, the amount of the guaranty of the loan may not exceed the greater of (I) the original guaranty amount of the loan being refinanced, or (II) 25 percent of the loan;". SEC. 7. EXTENSION OF LENDER APPRAISAL PROGRAM. Section 3731(f)(3) of title 38, United States Code, is amended by striking out "1992" and inserting in lieu thereof "1995". SEC. 8. NATIVE AMERICAN VETERANS DIRECT HOUSING LOAN PILOT PROGRAM. (a) PROGRAM. —Chapter 37 of title 38, United States Code, is amended by adding at the end the following new subchapter: "SUBCHAPTER V—NATIVE AMERICAN VETERAN HOUSING LOAN PILOT PROGRAM <*§ 3761. Pilot program "(a) The Secretary shall establish and implement a pilot program under which the Secretary may make direct housing loans to Native American veterans. The purpose of such loans is to permit such veterans to purchase, construct, or improve dwellings on trust land. The Secretary shall establish and implement the pilot program in accordance with the provisions of this subchapter. "(b) In carrying out the pilot program under this subchapter, the Secretary shall, to the extent practicable, make direct housing loans to Native American veterans who are located in a variety
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