
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: 38USC3743]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                   SUBCHAPTER IV--SMALL BUSINESS LOANS
 
Sec. 3743. Liability on loans

    Each individual who has an ownership interest in a veterans' small 
business concern that is provided a direct loan under this subchapter, 
or that obtains a loan guaranteed under this subchapter, shall execute a 
note or other document evidencing the direct or guaranteed business 
loan, and such individuals shall be jointly and severally liable to the 
United States for the amount of such direct loan or, in the case of a 
guaranteed loan, for any amount paid by the Secretary on account of such 
loan.

(Added Pub. L. 97-72, title III, Sec. 302(a), Nov. 3, 1981, 95 Stat. 
1057, Sec. 1843; amended Pub. L. 101-237, title III, Sec. 313(b)(1), 
Dec. 18, 1989, 103 Stat. 2077; renumbered Sec. 3743, Pub. L. 102-83, 
Sec. 5(a), Aug. 6, 1991, 105 Stat. 406.)


                               Amendments

    1991--Pub. L. 102-83 renumbered section 1843 of this title as this 
section.
    1989--Pub. L. 101-237 substituted ``Secretary'' for 
``Administrator''.
