§3714. Assumptions; release from liability — Inbound Citations
38 U.S.C. § 3714
Cited by 3 provisions in release 119-102.
Citations to 38 U.S.C. § 3714 as a whole
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(e) Any housing loan which is financed through the assistance of this chapter and to which section 3714 of this chapter applies shall include a provision that the loan is immediately due and payable upon transfer of the property securing such loan to any transferee unless the acceptability of the assumption of the loan is established pursuant to such section 3714.
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(1) Except as provided in subsection (c), a fee shall be collected from each person obtaining a housing loan guaranteed, insured, or made under this chapter, and each person assuming a loan to which section 3714 of this title applies. No such loan may be guaranteed, insured, made, or assumed until the fee payable under this section has been remitted to the Secretary.
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(2) The loan fee table referred to in paragraph (1) is as follows: