
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 38USC3721]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                SUBCHAPTER III--ADMINISTRATIVE PROVISIONS
 
Sec. 3721. Incontestability

    Any evidence of guaranty or insurance issued by the Secretary shall 
be conclusive evidence of the eligibility of the loan for guaranty or 
insurance under the provisions of this chapter and of the amount of such 
guaranty or insurance. Nothing in this section shall preclude the 
Secretary from establishing, as against the original lender, defenses 
based on fraud or material misrepresentation. The Secretary shall not, 
by reason of anything contained in this section, be barred from 
establishing, by regulations in force at the date of such issuance or 
disbursement, whichever is the earlier, partial defenses to the amount 
payable on the guaranty or insurance.

(Pub. L. 85-857, Sept. 2, 1958, 72 Stat. 1213, Sec. 1821; Pub. L. 101-
237, title III, Sec. 313(b)(1), Dec. 18, 1989, 103 Stat. 2077; 
renumbered Sec. 3721, Pub. L. 102-83, Sec. 5(a), Aug. 6, 1991, 105 Stat. 
406.)


                               Amendments

    1991--Pub. L. 102-83 renumbered section 1821 of this title as this 
section.
    1989--Pub. L. 101-237 substituted ``Secretary'' for 
``Administrator'' wherever appearing.

                  Section Referred to in Other Sections

    This section is referred to in section 3712 of this title.
