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.
Written by .
Only one partial claim may be made per loan
The document says “can”Who acts: Secretary of Veterans AffairsHow: statuteSec. 3 in the PDF
What the document says
“Subject to subparagraph (B), the Secretary may make only one partial claim per loan.”
The new section limits the program to a single partial claim on any one loan, subject to the disaster exception in subparagraph (B).
What the document actually says
“Subject to subparagraph (B), the Secretary may make only one partial claim per loan.”
That sentence, in plain words
The VA can do this once for each loan.
What this is about
A veteran cannot come back for a second one. The next rule sets out the one case where they can.
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.
