36.4502—Use of guaranty entitlement.

The guaranty entitlement of the veteran obtaining a direct loan which is closed on or after February 1, 1988, shall be charged with the lessor of the loan amount or an amount which bears the same ratio to $36,000 as the amount of the loan bears to $33,000. The charge against entitlement of a veteran who obtained a direct loan which was closed prior to the aforesaid date, shall be the amount which would have been charged had the loan been closed subsequent to such date.

Code of Federal Regulations

(Authority: 38 U.S.C. 3711(d)(2)(A) )

Code of Federal Regulations

[55 FR 40657, Oct. 4, 1990]

CFR

36.4502—Use of guaranty entitlement.

Code of Federal Regulations

Code of Federal Regulations