An Act to amend chapter 37 of title 38, United States Code, to improve the basic provisions of the veterans home loan programs and to eliminate those provisions pertaining to the dormant farm and business loans, and for other purposes.
PL 93-569 (H.R.15912), enacted 12/31/1974

88 STAT. 3 
PUBLIC LAW 93-569-DEC. 31, 1974 
1863 
Public Law 93-569 
A N A C T 
December 31, 1974 
To amend chapter 37 of title 38, United States Code, to improve the basic pro- 
[H. R. 15912] 
visions of the veterans home loan programs and to eliminate those provisions 
pertaining to the dormant farm and business loans, and for other purposes. 
Veterans Hous-
ing Act of 1974. 
ment. 
Waiver of condi-
tions. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That this Act may be 
cited as the "Veterans Housing Act of 1974". 
"'38"usc'i'802 
SEC. 2. (a) Section 1802(b) of title 38, United States Code, is note 
amended to read as follows: 
"(b) In computing the aggregate amount of guaranty or insurance ^^^^^'^ entitie-
entitlement available to a veteran under this chapter, ih& Adminis-
trator may exclude the amount of guaranty or insurance entitlement 
used for any guaranteed, insured, or direct loan, if— 
" (1) the property which secured the loan has been disposed of by 
the veteran or has been destroyed by fire or other natural hazard; 
and 
"(2) the loan has been repaid in full, or the Administrator 
has been released from liability as to the loan, or if the Admin-
istrator has suffered a loss on such loan, the loss has been paid in 
full; or 
"(3) an immediate veteran-transferee has agreed to assume 
the outstanding balance on the loan and consented to the use 
of his entitlement, to the extent that the entitlement of the 
veteran-transferor had been used originally, in place of the 
veteran-transferor's for the guaranteed, insured, or direct loan, 
and the veteran-transferee otherwise meets the requirements of 
this chapter. 
The Administrator may, in any case involving circumstances he deems 
appropriate, waive one or more of the conditions prescribed in 
clauses (1) and (2) above.". 
(b) Clause (3) of section 1802(d) of title 38, United States Code, 
is amended to read as follows: "(3) by any lender approved by the 
Administrator pursuant to standards established by him.". 
(c) Section 1803(c) of title 38, United States Code, is amended 
by adding at the end thereof a new paragraph as follows: 
"(3) This section shall not be construed to prohibit a veteran from 
paying to a lender any reasonable discount required by such lender, 
when the proceeds from the loan are to be used: 
" (A) to refinance indebtedness pursuant to section 1810(a)(5); 
"(B) to repair, alter, or improve a farm residence or other 
dwelling pursuant to section 1810(a) (4); 
"(C) to construct a dwelling or farm residence on land already 
ow^ned or to be acquired by the veteran except where the land is 
directly or indirectly acquired from a builder or developer who 
has contracted to construct such dwelling for the veteran; or 
"(D) to purchase a dwelling from a class of sellers which the 
Administrator determines are legally precluded under all circum-
stances from paying such a discount if the best interest of the 
veteran would be so served.". 
(d) Section 1804(c) of title 38, United States Code, is amended by 
inserting immediately after the second sentence a new sentence as 
follows: "Notwithstanding the foregoing provisions of this subsec-
tion, in the case of a loan automatically guaranteed under this chapter, 
the veteran shall be required to make the certification only at the time 
the loan is closed.". 
1864 
PUBLIC LAW 93-569-DEC. 31, 1974 
[88 STAT. 
(e) Section 1804 of title 38, United States Code, is amended by 
striking out in subsections (b) and (d) "under section 512 of that Act". 
Condominiums, 
^^^^ ^ Section 1810 of title 38, United States Code, is amended as 
loans, 
<
• n 
lollows: 
(1) by striking out in subsection (a) (5) the second sentence; 
(2) by adding at the end of subsection (a) a new paragraph as 
follows: 
"(6) To purchase a one-family residential unit in a new con-
dominium housing development or project, or in a structure built 
and sold as a condominium, provided such development, project 
or structure is approved by the Administrator under such criteria 
as he shall prescribe."; 
(3) by striking out in subsection (c) "$12,500" and inserting in 
lieu thereof "$17,500"; and 
(4) by striking out subsection (d) in its entirety. 
SEC. 4. Section 1811(d) (2) (A) of title 38, United States Code, is 
amended by striking out "$12,500" wherever it appears and inserting 
in lieu thereof "$17,500". 
Mobile home 
gj,^. 5 gcctlon 1819 of title 38, United States Code, is amended as 
lots, loans. 
/. n 
follows: 
(1) by inserting in subsection (a) "or the mobile home lot loan 
guaranty benefit, or both," immediately after "loan guaranty 
benefit" each time it appears therein and by striking out "mobile 
home" immediately before "loan guaranteed" in the second sen-
tence of such subsection; 
(2) by amending subsection (b) as follows: 
(A) by inserting " (1)" immediately after " (b)"; 
(B) by redesignating clauses (1) and (2) as clauses (A) 
and (B), respectively; and 
(C) by adding at the end thereof a new paragraph as 
follows: 
"(2) Subject to the limitations in subsection (d) of this sec-
tion, a loan may be made to purchase a lot on which to place a 
mobile home if the veteran already has such a home. Such a loan 
may include an amount sufficient to pay expenses reasonably 
necessary for the appropriate preparation of such a lot, includ-
ing, but not limited to, the installation of utility connections, 
sanitary facilities, and paving, and the construction of a suitable 
pad."; 
(3) by redesignating clauses (1) and (2) of the first sentence 
of subsection (c) (1) as clauses (A) and (B), respectively, and by 
striking out the word "and" at the end of clause (A), as redesig-
nated, and inserting in lieu thereof "or the loan is for the purpose 
of purchasing a lot on which to place a mobile home previously 
purchased by the veteran, whether or not such mobile home was 
purchased with a loan guaranteed, insured or made by another 
Federal agency, and"; 
Used mobile 
(4) \)j further amending paragraph (1) of subsection (c) by 
deleting in the first sentence the clause "or for the purchase of a 
used mobile home which is the security for a prior loan guaranteed 
or made under this section or for a loan guaranteed, insured or 
made by another Federal agency," and inserting in lieu thereof 
the following: "or for the purchase of a used mobile home which 
meets or exceeds minimum requirements for construction, design, 
and general acceptability prescribed by the Administrator,"; 
homes. 
88 STAT. ] 
PUBLIC LAW 93-569-DEC. 31, 1974 
1865 
(5) by amending the last sentence of paragraph (1) of subsec-
tion (d) to read as follows: "In the case of any lot on which to 
place a mobile home, whether or not the mobile home was financed 
with assistance under this section, and in the case of necessary-
site preparation, the loan amount for such purposes may not 
exceed the reasonable value of such lot or an amount appropriate 
to cover the cost of necessary site preparation or both, as deter-
mined by the Administrator."; 
(6) by striking out in subsection (d) (2) all of the paragraph ^ftl^tT^Toan" 
after "exceed—" and inserting in lieu thereof the following: 
amounts. 
"(A) $12,500 for twelve years and thirty-two days in the 
case of a loan covering the purchase of a single-wide mobile 
home only and such additional amount as is determined by the 
Administrator to be appropriate to cover the cost of necessaiy 
site preparation where the veteran owns the lot, or 
"(B) $20,000 for twenty years and thirty-two days in the 
case of a loan covering the purchase of a double-wide mobile 
home only and such additional amount as is determined by 
the Administrator to be appropriate to cover the cost of neces-
sary site preparation where the veteran owns the lot, or 
"(C) $20,000 (but not to exceed $12,500 for the mobile 
home) for fifteen years and thirty-two days in the case of a 
loan covering the purchase of a single-wide mobile home and 
an undeveloped lot on which to place such home, which 
includes such amount as is determined by the Administrator to 
be appropriate to cover the cost of necessary site preparation, 
or 
"(D) $27,500 (but not to exceed $20,000 for the mobile 
home) for twenty years and thirty-two days in the case of a 
loan covering the purchase of a double-wide mobile home and 
an undeveloped lot on which to place such home, which 
includes such amount as is determined by the Administrator 
to be appropriate to cover the cost of necessary site prepara-
tion, or 
"(E) $20,000 (but not to exceed $12,500 for the mobile 
home) for fifteen years and thirty-two days in the case of a 
loan covering the purchase of a single-wide mobile home and 
a suitably developed lot on which to place such home, or 
"(F) $27,500 (but not to exceed $20,000 for the mobile 
home) for twenty years and thirty-two days in the case of a 
loan covering the purchase of a double-wide mobile home and 
a suitably developed lot on which to place such home, or 
"(G) $7,500 for twelve years and thirty-two days in the 
case of a loan covering the purchase of only an undeveloped 
lot on which to place a mobile home owned by the veteran, 
which includes such amount as is determined by the Admin-
istrator to be appropriate to cover the cost of necessary site 
preparation, or 
"(H) $7,500 for twelve years and thirty-two days in the 
case of a loan covering the purchase of a suitably developed 
lot on which to place a mobile home owned by the veteran."; 
^7) by amending clause (3) of subsection (e) to read as follows: 
'(3) the loan is secured by a first lien on the mobile home pur-
chased with the proceeds of the loan and on any lot acquired or 
improved with the proceeds of the loan;"; 
1866 
PUBLIC LAW 93-569-DEC. 31, 1974 
[88 STAT. 
(8) by inserting in subsection (f) "and mobile home lot loans*' 
after "loans"; 
(9) by inserting in the first sentence of subsection (i) "and no 
loan for the purchase of a lot on which to place a mobile home 
owned by a veteran shall be guaranteed under this section unless 
the lot meets such standards prescribed for mobile home lots" 
after "Administrator"; 
(10) by inserting in subsection (n) "and mobile home lot loans" 
immediately after "mobile home loans"; and 
(11) by striking out subsection (o) in its entirety. 
SEC. 6. Paragraph (5) of section 107 of the Federal Credit Union 
Act (12 U.S.C. 1757) is amended by inserting after the words "ten 
years," the words "except that loans made in accordance with section 
note "^^ ^^^^ 
2(^) ^f ^^® National Housing Act and section 1819 of title 38, United 
States Code, may be for the maturities specified therein,". 
SEC. 7. (a) Chapter 37 of title 38, United States Code, is amended 
by deleting sections 1812,1813,1814, and 1822. 
(b) The table of sections at the beginning of chapter 37 of title 38, 
United States Code, is amended by striking out the following: 
"1812. Purchase of farms and farm equipment. 
"1813. Purchase of business property. 
"1814. Loans to refinance delinquent indebtedness." 
and 
"1822. Recovery of damages." ; 
(c) The title of chapter 37 of title 38, United States Code, is 
amended by striking out 
"CHAPTER 37~HOME, FARM, AND BUSINESS LOANS'. 
and inserting in lieu thereof 
"CHAPTER 
37—HOME, 
CONDOMINIUM, 
AND MOBILE 
HOME LOANS'; and 
(d) The table of chapters at the beginning of title 38, United States 
Code, and the table of chapters at the beginning of part I I I of such 
title are each amended by striking out 
"37. Home, Farm, and Business Loans 
1801" 
and inserting in lieu thereof 
"37. Home, Condominium, and Mobile Home Loans 
1801". 
SEC. 8. Chapter 37 of title 38, United States Code, is amended as 
follows: 
(1) by striking out in section 1803(a) (1) "and not more than 
50 per centum of the loan if the loan is for any of the purposes 
specified in section 1812,1813, or 1814 of this title"; 
(2) by striking out the first sentence in section 1803(b) ; 
(3) by amending paragraph (1) of section 1803(d) to read 
as follows: 
"(1) The maturity of any loan shall not be more than thirty 
years and thirty-two days."; 
(4) by striking out the last sentence in paragraph (3) of section 
1803(d); 
(5) by striking out the last sentence in section 1815(b); 
(6) by striking out in section 1818(a) "(except sections 1813 
and 1816, and business loans under section 1814, of this title)"; 
and 
88 STAT. ] 
PUBLIC LAW 93-570-DEC. 31, 1974 
18(57 
(7) by striking out section 1818(c) in its entirety and redesig-
nating subsection (d) as subsection (c). 
SEO. 9. Section 802 of tdtle 38, United States Code, is amended by 
striking out "$17,500" and inserting in lieu thereof "$25,000". 
SEO. 10. The provisions of this Act shall become effective on the date 
of enactment except that the amendments made by sections 2(a) (3) 
and 2(b) and sections 3(2) and 3(4) shall become effective ninety 
days after such date of enactment. 
Approved December 31, 1974, 
38 u s e 1818. 
Housing assist-
ance for disabled 
veterans, limita-
tion. 
Effective date. 
38 u s e 1802 
note. 
Public Law 93-570 
JOINT RESOLUTION 
Making further continuing appropriations for the fiscal year 1975, and for 
other purposes. 
December 31,1974 
[H. J. Res. 117S] 
Resolved hy the Senate and House of Representatives 
of the United 
States of America in Congress assembled^ That clause (c) of section 
102 of the joint resolution of June 30, 1974 (Public Law 93-324, as 
amended by Public Law 93-448), is hereby further amended by strik-
ing out "sine die adjournment of the second session of the Ninety-
third Congress" and inserting in lieu thereof "February 28, 1975". 
SEC. 2. Section 101(d) of such joint resolution is hereby amended 
by inserting after "all remaining activities except titles I and III(B) 
under the Economic Opportunity Act of 1964, as amended;" the fol-
lowing: "activities of the Commission on Revision of the Federal 
Court Appellate System;" 
SEC. 3. The fourth unnumbered clause of section 101(b) of such 
joint resolution, relating to foreign assistance and related programs 
appropriations, is further amended by striking out the semicolon at 
the end thereof and inserting ": Provided further^ That all of the 
provisions, restrictions, and prohibitions contained in the Foreign 
Assistance Act of 1974 and in the Foreign Assistance Act of 1961, as 
amended, shall apply to funds made available herein for activities for 
which provision was made in the Foreign Assistance and Related 
Appropriations Act of 1974;". 
SEC. 4. Such joint resolution is amended by adding at the end thereof 
the following new section: 
"SEC. 114. Notwithstanding any other provision of this joint reso-
lution or any other Act, including section 10 of the Foreign JNIilitary 
Sales Act Amendments, 1971, as amended, the following amounts are 
hereby made available, in addition to funds otherwise available under 
this joint resolution, for the following purposes: 
Security Supporting Assistance for Israel, $150,000,000; 
Security Supporting Assistance for Egypt, $150,000,000; 
Middle East Special Requirements Fund, $25,000,000; 
Assistance to Portugal and Portuguese Colonies, $10,000,000; 
Famine and Disaster Relief for Cyprus, $15,000,000; 
Assistance to Refugees from the Soviet Union, $10,000,000; and 
Assistance to Palestinian Refugees, $10,000,000: 
Provided, That all of the provisions, restrictions, and prohibitions 
contained in the Foreign Assistance Act of 1974 and in the Foreign 
Assistance Act of 1961, as amended, shall apply to the funds made 
available in this section.". 
eontinuing ap-
propriations, 1975. 
Ante, 
pp. 284, 
1363. 
Ante, 
p. 281. 
42 use 
2861. 
Ante, p 
Ante, 
p 
22 use 
note. 
87 Stat. 
2711, 
281. 
1795. 
2151 
1049. 
84 Stat. 2055.