Page:United States Statutes at Large Volume 88 Part 2.djvu/550

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PUBLIC LAW 93-569-DEC. 31, 1974

[88 STAT.

(8) by inserting in subsection (f) "and mobile home lot loans*' after "loans"; (9) by inserting in the first sentence of subsection (i) "and no loan for the purchase of a lot on which to place a mobile home owned by a veteran shall be guaranteed under this section unless the lot meets such standards prescribed for mobile home lots" after "Administrator"; (10) by inserting in subsection (n) "and mobile home lot loans" immediately after "mobile home loans"; and (11) by striking out subsection (o) in its entirety. SEC. 6. Paragraph (5) of section 107 of the Federal Credit Union Act (12 U.S.C. 1757) is amended by inserting after the words "ten years," the words "except that loans made in accordance with section 2(^) ^f ^^® National Housing Act and section 1819 of title 38, United States Code, may be for the maturities specified therein,". SEC. 7. (a) Chapter 37 of title 38, United States Code, is amended by deleting sections 1812, 1813, 1814, and 1822. (b) The table of sections at the beginning of chapter 37 of title 38, United States Code, is amended by striking out the following: "1812. Purchase of farms and farm equipment. "1813. Purchase of business property. "1814. Loans to refinance delinquent indebtedness." and "1822. Recovery of damages.";

(c) The title of chapter 37 of title 38, United States Code, is amended by striking out "CHAPTER 37~HOME, FARM, A N D B U S I N E S S LOANS'. and inserting in lieu thereof "CHAPTER 37—HOME, CONDOMINIUM, A N D MOBILE HOME L O A N S '; and (d) The table of chapters at the beginning of title 38, United States Code, and the table of chapters at the beginning of part III of such title are each amended by striking out "37. Home, Farm, and Business Loans

1801"

and inserting in lieu thereof "37. Home, Condominium, and Mobile Home Loans

1801".

SEC. 8. Chapter 37 of title 38, United States Code, is amended as follows: (1) by striking out in section 1803(a)(1) "and not more than 50 per centum of the loan if the loan is for any of the purposes specified in section 1812, 1813, or 1814 of this title"; (2) by striking out the first sentence in section 1803(b); (3) by amending paragraph (1) of section 1803(d) to read as follows: "(1) The maturity of any loan shall not be more than thirty years and thirty-two days."; (4) by striking out the last sentence in paragraph (3) of section 1803(d); (5) by striking out the last sentence in section 1815(b); (6) by striking out in section 1818(a) "(except sections 1813 and 1816, and business loans under section 1814, of this title) "; and

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