
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: 38USC3745]

 
                      TITLE 38--VETERANS' BENEFITS
 
               PART III--READJUSTMENT AND RELATED BENEFITS
 
              CHAPTER 37--HOUSING AND SMALL BUSINESS LOANS
 
                   SUBCHAPTER IV--SMALL BUSINESS LOANS
 
Sec. 3745. Interest on loans

    (a) Loans guaranteed under this subchapter shall bear interest not 
in excess of such rate as the Secretary may from time to time find the 
loan market demands. In establishing the rate of interest that shall be 
applicable to such loans, the Secretary shall consult with the 
Administrator of the Small Business Administration.
    (b) The rate of interest on any direct loan made by the Secretary 
under this subchapter may not exceed the maximum rate in effect under 
subsection (a) of this section at the time the direct loan is made.

(Added Pub. L. 97-72, title III, Sec. 302(a), Nov. 3, 1981, 95 Stat. 
1058, Sec. 1845; amended Pub. L. 101-237, title III, Sec. 313(b)(1), 
Dec. 18, 1989, 103 Stat. 2077; renumbered Sec. 3745 and amended Pub. L. 
102-83, Secs. 4(b)(1), (2)(E), 5(a), Aug. 6, 1991, 105 Stat. 404-406; 
Pub. L. 103-446, title XII, Sec. 1201(a)(3), Nov. 2, 1994, 108 Stat. 
4682.)


                               Amendments

    1994--Subsec. (a). Pub. L. 103-446 substituted ``Administrator'' for 
``Secretary'' before ``of the Small Business Administration''.
    1991--Pub. L. 102-83, Sec. 5(a), renumbered section 1845 of this 
title as this section.
    Subsec. (a). Pub. L. 102-83, Sec. 4(b)(1), (2)(E), substituted 
``Secretary'' for ``Administrator'' before ``of the Small Business 
Administration''.
    1989--Pub. L. 101-237 substituted ``Secretary'' for 
``Administrator'' wherever appearing other than third place it appears 
in subsec. (a).

                  Section Referred to in Other Sections

    This section is referred to in section 3742 of this title.
