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Code · U.S. Code · Title 38 - VETERANS’ BENEFITS · CHAPTER 37— HOUSING AND SMALL BUSINESS LOANS · SUBCHAPTER IV— SMALL BUSINESS LOANS · § 3743

§ 3743. Liability on loans

151 words·~1 min read·/usc/title-38/section-3743

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Each individual who has an ownership interest in a veterans’ small business concern that is provided a direct loan under this subchapter, or that obtains a loan guaranteed under this subchapter, shall execute a note or other document evidencing the direct or guaranteed business loan, and such individuals shall be jointly and severally liable to the United States for the amount of such direct loan or, in the case of a guaranteed loan, for any amount paid by the Secretary on account of such loan.
(Added Pub. L. 97–72, title III, § 302(a), Nov. 3, 1981, 95 Stat. 1057, § 1843; amended Pub. L. 101–237, title III, § 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; renumbered § 3743, Pub. L. 102–83, § 5(a), Aug. 6, 1991, 105 Stat. 406.)
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9 references not yet in our index
  • Pub. L. 97–72, title III, § 302(a)
  • 95 Stat. 1057
  • Pub. L. 101–237, title III, § 313(b)(1)
  • 103 Stat. 2077
  • Pub. L. 102–83, § 5(a)
  • 105 Stat. 406
  • Pub. L. 102–83
  • section 1843 of this title
  • Pub. L. 101–237
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cites case law
§ 3743
Liability on loans
Pub. L.Pub. L. 97–72, title III, § 302(a)
Stat.95 Stat. 1057
Pub. L.Pub. L. 101–237, title III, § 313(b)(1)
Stat.103 Stat. 2077
Pub. L.Pub. L. 102–83, § 5(a)
Cites 9 · showing 5Cited by 0 across 0 sources
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