Source: https://www.law.cornell.edu/cfr/text/38/36.4375
Timestamp: 2017-06-25 14:08:36
Document Index: 643897794

Matched Legal Cases: ['art 36', '§ 36', '§ 36', '§ 501', '§ 3701', '§ 3702', '§ 3703', '§ 3704', '§ 3707', '§ 3710', '§ 3711', '§ 3712', '§ 3713', '§ 3714', '§ 3715', '§ 3719', '§ 3720', '§ 3729']

38 CFR 36.4375 - Insured loan and insurance account. | US Law | LII / Legal Information Institute
CFR › Title 38 › Chapter I › Part 36 › Subpart B › Section 36.4375 38 CFR 36.4375 - Insured loan and insurance account.
§ 36.4375 Insured loan and insurance account.
(a) Loans otherwise eligible may be insured when purchased by a lender eligible under 38 U.S.C. 3703(a) if the purchaser (lender) submits with the loan report evidence of an agreement, general or special, made prior to the closing of the loan, to purchase such loan subject to its being insured.
(b) A current account shall be maintained in the name of each insuredlender or purchaser. The account shall be credited with the appropriate amounts available for the payment of losses on insured loans made or purchased. The account shall be debited with appropriate amounts on account of transfers, purchases under § 36.4320, or payment of losses. The Secretary may on 6 months' notice close any lender's insurance account. Such account after expiration of the 6-month period shall be available only as to loans embraced therein.
(c) Amounts received or recovered by the Secretary or the holder with respect to a loan after payment of an insured claim thereon will not restore any amount to the holder's insurance account.
(Authority: 38 U.S.C. 3703(a)(2))
[ 73 FR 6310, Feb. 1, 2008. Redesignated at 75 FR 33705, June 15, 2010, as amended at 80 FR 34319, June 16, 2015] This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 38 - VETERANS’ BENEFITS§ 501 - Rules and regulations§ 3701 - Definitions§ 3702 - Basic entitlement§ 3703 - Basic provisions relating to loan guaranty and insurance§ 3704 - Restrictions on loans§ 3707 - Adjustable rate mortgages§ 3710 - Purchase or construction of homes§ 3711 - Direct loans to veterans§ 3712 - Loans to purchase manufactured homes and lots§ 3713 - Release from liability under guaranty§ 3714 - Assumptions; release from liability§ 3715 to 3719 - Vacant]§ 3719§ 3720 - Powers of Secretary§ 3729 - Loan fee