Page:United States Statutes at Large Volume 72 Part 1.djvu/1245

 72 S T A T. ]

PUBLIC LAW 85-857-SEPT. 2, 1958

1203

CHAPTER 37~HOME, FARM, A N D B U S I N E S S LOANS SUBCHAPTER I

GENERAL

Sec.

1801. 1802. 1803. 1804. 1805.

Definitions. Basic entitlement. Basic provisions relating to loan guaranty. Restrictions on loans. Warranties. SUBCHAPTER II — L O A N S

1810. 1811. 1812. 1813. 1814. 1815. 1816. 1817.

Purchase or construction of homes. Direct loans to veterans. Purchase of farms and farm equipment. Purchase of business property. Loans to refinance delinquent indebtedness. Insurance of loans. Procedure on default. Release from liability under guaranty. SUBCHAPTER III — ADMINISTRATIVE PROVISIONS

1820. 1821. 1822. 1823. 1824.

Powers of Administrator. Incontestability. Recovery of damages. Direct loan revolving fund. Waiver of discharge requirements for hospitalized persons.

Subchapter I—General § 1801. Definitions (a) For the purposes of this chapter— (1) The term "World W a r II " (A) means the period beginning on September 16, 1940, and ending on July 25, 1947, and (B) includes^ in the case of any veteran who enlisted or reenlisted in a Regular component of the Armed Forces after October 6, 1945, and before October 7, 1946, the period of the first such enlistment or reenlistment. (2) The term "veteran'' includes the widow of any veteran (including a person who died in the active military, naval, or air service) who died from a service-connected disability, but only if such widow is not eligible for benefits under this chapter on the basis of her own active duty. The active duty of her husband shall be deemed to have been active duty by such widow for the purposes of this chapter. (b) Benefits shall not be afforded under this chapter to any individual on account of service as a commissioned officer of the Coast and Geodetic Survey, or of the Regular or Reserve Corps of the Public Health Service, unless such service would have qualified such individual for benefits under title III of the Servicemen's Readjustment Act pt n i 4

of 1944.

§ 1802. Basic entitlement (a) Each veteran who served on active duty at any time during World W a r II or the Korean conflict and whose total service was for ninety days or more, or who was discharged or released from a period of active duty, any part of which occurred during World War II or the Korean conflict, for a service-connected disability, shall be eligible for the benefits of this chapter. Entitlement derived from service during the Korean conflict (1) shall cancel any unused entitlement derived from service during World W a r II, and (2) shall be reduced by the amount by which entitlement from service during World W a r II, has been used to obtain a direct, guaranteed, or insured loan— (A) on real property which the veteran owns at the time of application; or (B) as to which the Administrator has incurred actual liability or loss, unless in the event of loss or the incurrence and payment

fs Stat. 291. 38 USC.

694o.

694-

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