
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: 38USC3727]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                SUBCHAPTER III--ADMINISTRATIVE PROVISIONS
 
Sec. 3727. Expenditures to correct or compensate for structural 
        defects in mortgaged homes
        
    (a) The Secretary is authorized, with respect to any property 
improved by a one- to four-family dwelling inspected during construction 
by the Department of Veterans Affairs or the Federal Housing 
Administration which the Secretary finds to have structural defects 
seriously affecting the livability of the property, to make expenditures 
for (1) correcting such defects, (2) paying the claims of the owner of 
the property arising from such defects, or (3) acquiring title to the 
property; except that such authority of the Secretary shall exist only 
(A) if the owner requests assistance under this section not later than 
four years (or such shorter time as the Secretary may prescribe) after 
the mortgage loan was made, guaranteed, or insured, and (B) if the 
property is encumbered by a mortgage which is made, guaranteed, or 
insured under this chapter after May 7, 1968.
    (b) The Secretary shall by regulation prescribe the terms and 
conditions under which expenditures and payments may be made under the 
provisions of this section, and the Secretary's decisions regarding such 
expenditures or payments, and the terms and conditions under which the 
same are approved or disapproved, shall be final and conclusive, and 
shall not be subject to judicial review.
    (c) The Secretary is authorized to make expenditures for the 
purposes of this section from the fund established pursuant to section 
3722 of this title.

(Added Pub. L. 90-301, Sec. 5(a), May 7, 1968, 82 Stat. 116, Sec. 1827; 
amended Pub. L. 94-324, Sec. 7(31), June 30, 1976, 90 Stat. 722; Pub. L. 
101-237, title III, Sec. 313(b)(1), (2), Dec. 18, 1989, 103 Stat. 2077; 
renumbered Sec. 3727 and amended Pub. L. 102-83, Sec. 5(a), (c)(1), Aug. 
6, 1991, 105 Stat. 406; Pub. L. 105-368, title VI, Sec. 602(e)(1)(C), 
title X, Sec. 1005(b)(11), Nov. 11, 1998, 112 Stat. 3346, 3365.)


                               Amendments

    1998--Subsec. (a). Pub. L. 105-368, Sec. 1005(b)(11), substituted 
``May 7, 1968'' for ``the date of enactment of this section''.
    Subsec. (c). Pub. L. 105-368, Sec. 602(e)(1)(C), substituted ``fund 
established pursuant to section 3722 of this title'' for ``funds 
established pursuant to sections 3723 and 3724 of this title, as 
applicable''.
    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 1827 of this 
title as this section.
    Subsec. (c). Pub. L. 102-83, Sec. 5(c)(1), substituted ``3723 and 
3724'' for ``1823 and 1824''.
    1989--Pub. L. 101-237 substituted ``Secretary'', ``Secretary's'', 
and ``Department of Veterans Affairs'' for ``Administrator'', 
``Administrator's'', and ``Veterans' Administration'', respectively, 
wherever appearing.
    1976--Subsec. (a). Pub. L. 94-324 substituted ``the Administrator 
finds'' for ``he finds''.
    Subsec. (b). Pub. L. 94-324 substituted ``the Administrator's'' for 
``his''.


                    Effective Date of 1998 Amendment

    Amendment by section 602 of Pub. L. 105-368 effective Oct. 1, 1998, 
see section 602(f) of Pub. L. 105-368, set out as a note under section 
2106 of this title.


                    Effective Date of 1976 Amendment

    Amendment by Pub. L. 94-324 effective June 30, 1976, see section 
9(a) of Pub. L. 94-324, set out as a note under section 3701 of this 
title.
