Page:United States Statutes at Large Volume 106 Part 4.djvu/897

 PUBLIC LAW 102-547—OCT. 28, 1992 106 STAT. 3633 Public Law 102-547 102d Congress An Act To amend title 38, United States Code, with respect to housing loans for veterans. Oct. 28. 1992 [H.R. 939] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. Veterans Home Loan Program SECTION 1. SHORT TITLE. Amendments of 1992 This Act may be cited as the "Veterans Home Loan Program 33 USC 101 note Amendments of 1992". SEC. 2. ELIGmiliTY OF SELECTED RESERVE. (a) SELECTED RESERVE. — Chapter 37 of title 38, United States Code, is amended— (1) in section 3701(b), by adding at the end the following: "(5)(A) The term Veteran' also includes an individual who is not otherwise eligible for the benefits of this chapter and who has completed a total service of at least 6 years in the Selected Reserve and, following the completion of such service, was discharged from service with an honorable discharge, was placed on the retired list, was transferred to the Stsuidby Reserve or an element of the Ready Reserve other than the Selected Reserve after service in the Selected Reserve characterized by the Secretary concerned as honorable service, or continues serving in the Selected Reserve. "(B) The term 'Selected Reserve' means the Selected Reserve of the Ready Reserve of any of the reserve components (including the Army National Guard of the United States and the Air National (^uard of the United States) of the Armed Forces, as required to be maintained under section 268(b) of title 10."; and (2) in section 3702(a)(2), by adding at the end the following: "(E) For the 7-year period beginning on the date of enactment of this subparagraph, each veteran described in section 3701(b)(5) of this title.*. (b) FEES. —(1) Section 3729(a)(2) of such title is amended— (A) by striking out "and" at the end of subparagraph (B); (B) by striking out the period at the end of subparagraph (C) and inserting in lieu thereof a semicolon; and (C) by adding after subparagraph (C) the following new subparagraph: "(D) in the case of a loan made to, or guaranteed or insured on behalf of, a veteran described in section 3701(b)(5) of this title under this chapter, the amount of such fee shall be— "(i) two percent of the total loan amount; "(ii) in the case of a loan for any purpose specified in section 3712 of this title, one percent of such amotmt; or "(iii) in the case of a loan for a purchase (other than V a purchase referred to in section 3712 of this title) or 59-194 O—93 29:QL3(Pt. 4)

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