‘‘(b)(1) A loan under this section shall be advanced to
the holder of the primary loan. The amount of the loan
under this subsection shall first be applied to the amount
delinquent on the loan guaranteed under this chapter in-
cluding any amount delinquent on taxes, assessments, haz-
ard insurance, and late charges required by the holder to
be included in the veteran’s monthly payment on the mort-
gage. Any remaining amount of such loan shall be retained
by the holder and shall be applied to future payments, in-
cluding taxes, assessments, and hazard insurance, due on
the loan and unpaid (in whole or in part) on the date the
payment becomes due.
‘‘(2) The Secretary may make more than one loan
under this section to a veteran. The total amount of loans
under this section to any veteran may not exceed $10,000.
‘‘(c) A loan under this section—
‘‘(1) shall bear no interest until the date on
which payments on the primary loan (including
amounts for taxes, assessments, hazard insurance, and
late charges required by the holder to be included in
the veteran’s monthly payment on the mortgage) are
current, and thereafter shall bear interest at a rate
determined by the Secretary;
‘‘(2) shall be secured by a lien on the property
securing the primary loan and by such other security
as the Secretary may require; and
‘‘(3) shall be subject to such additional terms
and conditions as the Secretary may require.
‘‘(d) As a condition of receiving a loan under this sec-
tion the veteran shall execute an agreement, in such form
as the Secretary may prescribe, to repay the loan within
a reasonable period of time, as determined by the Secretary,
not to exceed 15 years from the date on which such loan
is made. If the Secretary determines that the veteran has
sufficient income or other resources to do so, the Secretary
may require the veteran to make partial payments on the
primary loan guaranteed under this chapter during the pe-
riod the holder of that loan is applying the amount of the
loan under this section to payments becoming due on the
primary loan.
‘‘(e) Notwithstanding any other law, the Secretary
may employ attorneys to bring suit to collect any amount
of a loan under this section on which the veteran to whom
the loan is made is in default.
‘‘(f) The Secretary’s decisions on any question of law
or fact regarding assistance under this section, including
whether or not to grant such assistance and the terms and
conditions under which such assistance is granted or not
granted, shall be final and conclusive, and no other official
or any court of the United States shall have power or juris-
diction to review any such decision by an action in the
nature of mandamus or otherwise.
‘‘(g) A loan under this section shall be made from the
fund established under section 3724 or 3725 of this title
that is available with respect to the primary loan in connec-
tion with which the loan is made under this section.’’.
(2) The table of sections at the beginning of such chap-
ter is amended by inserting after the item relating to section
3714 the following new item:
‘‘3715. Loans to refinance delinquent indebtedness.’’.
(b) EFFECTIVE DATE.—The amendments made by sub-
section (a) shall take effect at the end of the 60-day period
beginning on the date of the enactment of this Act.
SEC. 3. FINANCING OF DISCOUNT POINTS.
Section 3703(c)(4)(B) of title 38, United States Code,
is amended in the second sentence by striking out ‘‘Dis-
count’’ and inserting in lieu thereof ‘‘Except in the case
of a loan for the purpose specified in section 3710(a)(8),
3710(b)(7), or section 3712(a)(1)(F) of this title, discount’’.
SEC. 4. RATE ADJUSTMENTS FOR ADJUSTABLE RATE MORT-
GAGES.
Section 3707(b)(2) of title 38, United States Code, is
amended by striking out ‘‘on the anniversary of the date
on which the loan was closed’’.
SEC. 5. CEMETERY PLOT ALLOWANCE FOR VETERANS ELI-
GIBLE FOR BURIAL IN A NATIONAL CEME-
TERY BUT INTERRED IN A STATE VETERANS
CEMETERY.
Section 2303 of title 38, United States Code, is amend-
ed by adding at the end thereof the following:
‘‘(c) In addition to the benefits provided for under sec-
tion 2302 of this title and subsection (a) of this section,
in the case of a veteran who—
‘‘(1) is eligible for burial in a national cemetery
under section 2402 of this title, and
‘‘(2) is buried (without charge for the cost of a
plot or interment) in a cemetery, or a section of a
cemetery, that (A) is used solely for the interment of
persons eligible for burial in a national cemetery, and
(B) is owned by a State or by an agency or political
subdivision of a State,
the Secretary shall pay to such State, agency, or political
subdivision the sum of $150 as a plot or interment allow-
ance for such veteran.’’.
SEC. 6. INCREASE IN FEDERAL AID TO STATES VETERANS’
CEMETERIES.
Paragraphs (1) and (2) of section 2408(b) are each
amended by striking out ‘‘50 percent’’ and inserting in lieu
thereof ‘‘65 percent.’’.
SEC. 7. EXTENSION OF AUTHORIZATION OF APPROPRIA-
TIONS FOR STATE CEMETERY GRANT PRO-
GRAM.
Paragraph (2) of section 2408(a) of title 38, United
States Code, is amended by striking out ‘‘nine’’ and insert-
ing in lieu thereof ‘‘fourteen’’.
SEC. 8. REMOVAL OF FUNDING REQUIREMENT OF HOME-
LESS VETERANS COMPREHENSIVE SERVICE
PROGRAMS ACT OF 1992.
Section 12 of the Homeless Veterans Comprehensive
Service Programs Act of 1992 (38 U.S.C. 7721 note) is
amended by striking out the second sentence.
Amend the title so as to read: ‘‘A bill to amend title
38, United States Code, to improve the veterans’ home
loan guaranty program and the State cemetery grants
program, and for other purposes.’’.