(e) This new Secretary may at any time on thirty days' observe need housing finance getting produced by people financial otherwise group of loan providers is submitted to the fresh Secretary to own previous acceptance. No warranty otherwise insurance coverage accountability will exist with respect to any for example mortgage unless proof of guaranty or insurance is provided because of the the newest Assistant.

(f) People houses loan at least 20 percent at which is actually protected under it chapter can be from people federal lender or Federal coupons and you may loan connection, otherwise by any bank, trust company, building and financing relationship, or insurance provider, organized otherwise licensed accomplish business in the District away from Columbia.

Amendments

1201(f)(4), substituted "To your months birth with the Oct 28, 1992, and end to your October 27, 1999," having "Into the eight-12 months period delivery to the date away from enactment regarding the subparagraph,".

902(1), (6), (7), during the introductory arrangements, substituted "mortgage underneath the following factors:" having "financing, if-", plus finishing provisions, replaced "section (1)" to have "term (1) of the preceding phrase" and you may joined from the avoid "This new power of your Secretary significantly less than it subsection so you can ban an quantity of guaranty otherwise insurance coverage property financing entitlement previously used because of the an experienced is generally exercised only when for that veteran lower than the new expert away from section (4)."