---
kind: "section"
citation: "38 C.F.R. § 36.4407"
title: "38"
number: "36.4407"
heading: "Guaranteed and direct loans."
url: "https://uscodex.org/cfr/38/36.4407"
---

# §36.4407. Guaranteed and direct loans.

- (a) In any case where, in addition to using the benefits of 38 U.S.C. chapter 21, the eligible individual will use his or her entitlement to the loan guaranty benefits of 38 U.S.C. chapter 37, the complete transaction must be in accord with applicable regulations found in this part.
- (b) In any case where, in addition to using the benefits of 38 U.S.C. chapter 21, the eligible individual will use a direct loan under [38 U.S.C. 3711(i)](/usc/38/3711.md?p=i), the complete transaction must be in accord with the requirements of [§ 36.4503](/cfr/38/36.4503.md) and the loan must be secured by the same housing unit to be purchased, constructed, or adapted with the proceeds of the specially adapted housing grant.
- (c) In any case where, in addition to using the benefits of 38 U.S.C. chapter 21, the eligible individual will use the Native American Direct Loan benefit under 38 U.S.C. chapter 37, subchapter V, the eligible individual's ownership interest in the housing unit must comport with the requirements found in §§ [36.4501](/cfr/38/36.4501.md), [36.4512](/cfr/38/36.4512.md), and [36.4527](/cfr/38/36.4527.md) and in the tribal documents approved by the Secretary, which include, but may not be limited to, the Memorandum of Understanding, the residential lease of tribal-owned land, the tribal lending ordinances, and any relevant tribal resolutions.

## Notes

### Source

Source: 75 FR 56876, Sept. 17, 2010, unless otherwise noted.

### Authority

Authority: 38 U.S.C. 501 and 3720.