§ 1926. Authority for higher interest rates for amounts payable to beneficiaries
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/usc/title-38/section-1926A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding sections 1902, 1923, and 1925 of this title, if the beneficiary of an insurance policy receives the proceeds of such policy under a settlement option under which such proceeds are paid in equal monthly installments over a limited period of months, the interest that may be added to each such installment may be at a rate that is higher than the interest rate prescribed in the appropriate section of this subchapter. The Secretary may from time to time establish a higher interest rate under the preceding sentence only in accordance with a determination that such higher rate is administratively and actuarially sound for the program of insurance concerned.
Any such higher interest rate shall be paid on the unpaid balance of such monthly installments.
(Added Pub. L. 96–128, title III, § 302(a), Nov. 28, 1979, 93 Stat. 986, § 726; renumbered § 1926 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)
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- Pub. L. 96–128, title III, § 302(a)
- 93 Stat. 986
- Pub. L. 102–83
- 105 Stat. 404–406
- Pub. L. 102–83, § 5(a)
- Pub. L. 102–83, § 5(c)(1)
- Pub. L. 102–83, § 4(b)(1)
- section 601(b) of Pub. L. 96–128
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§ 1926
Authority for higher interest rates for amounts payable to beneficiaries
Pub. L.Pub. L. 96–128, title III, § 302(a)
Stat.93 Stat. 986
Pub. L.Pub. L. 102–83
Stat.105 Stat. 404–406
Pub. L.Pub. L. 102–83, § 5(a)
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