To amend title 38, United States Code, to authorize the Secretary of Veterans Affairs to take certain actions in the case of a default on a home loan guaranteed by the Secretary, and for other purposes, section 3, Sec. 3.
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The Secretary shall pay the holder for that work
The document says “shall”Who acts: Secretary of Veterans AffairsHow: statuteSec. 3 in the PDF
What the document says
“The Secretary shall compensate the holder of such a loan appropriately, as determined by the Secretary, for the services required of such holder under this subsection.”
The Secretary of Veterans Affairs must pay the holder for the work required of it, in an amount the Secretary decides is appropriate.
What the document actually says
“The Secretary shall compensate the holder of such a loan appropriately, as determined by the Secretary, for the services required of such holder under this subsection.”
That sentence, in plain words
The VA must pay the lender for that work. The VA sets how much.
What this is about
The law does not name a sum. It leaves the amount to the VA.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
