---
kind: "section"
citation: "38 U.S.C. § 3762A"
title: "38"
title_heading: "Veterans’ Benefits"
number: "3762A"
heading: "Native community development financial institution relending program"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/38/3762A"
units:
  - "Part III — Readjustment and Related Benefits"
  - "Chapter 37 — Housing and Small Business Loans"
  - "Subchapter V — Direct Housing Loans for Native American Veterans"
---

# §3762A. Native community development financial institution relending program

- (a) **Purpose.—** The [Secretary](/usc/38/4101.md?p=8) may make a loan to a [Native community development financial institution](/usc/38/3765.md?p=8) for the purpose of allowing the institution to relend loan amounts to [qualified](/usc/38/4303.md?p=9) [Native American veterans](/usc/38/3765.md?p=2), subject to the requirements of this section.
- (b) **Standards.—**
  - (1) The [Secretary](/usc/38/4101.md?p=8) shall establish standards to be used in evaluating whether to make a loan to a [Native community development financial institution](/usc/38/3765.md?p=8) under this section.
  - (2) In establishing standards under [paragraph (1)](#b-1), the [Secretary](/usc/38/4101.md?p=8) shall ensure that a [Native community development financial institution](/usc/38/3765.md?p=8)—
    - (A) is able to originate and service loans for single-family homes;
    - (B) is able to operate the relending program in a manner consistent with the mission of the [Department](/usc/38/101.md?p=1) to serve [veterans](/usc/38/3701.md?p=b-2); and
    - (C) uses loan amounts received under this section only for the purpose of relending, as described in [subsection (c)](#c), to [Native American veterans](/usc/38/3765.md?p=2).
- (c) **Relending Requirements.—**
  - (1) A [Native community development financial institution](/usc/38/3765.md?p=8) that receives a loan under this section shall use the loan amounts to make loans to [Native American veterans](/usc/38/3765.md?p=2) residing on [trust land](/usc/38/3765.md?p=1).
  - (2) A loan to a [Native American veteran](/usc/38/3765.md?p=2) made by a [Native community development financial institution](/usc/38/3765.md?p=8) under [paragraph (1)](#c-1) shall—
    - (A) be limited either to the purpose of purchase, construction, or improvement of a dwelling located on [trust land](/usc/38/3765.md?p=1) or to the refinance of an existing mortgage loan for a dwelling on [trust land](/usc/38/3765.md?p=1), consistent with the requirements of [section 3762(h) of this title](/usc/38/3762.md?p=h); and
    - (B) comply with such terms and conditions as the [Secretary](/usc/38/4101.md?p=8) determines are necessary to protect against predatory lending, including the interest rate charged on a loan to a [Native American veteran](/usc/38/3765.md?p=2).
- (d) **Repayment.—** A loan made to a [Native community development financial institution](/usc/38/3765.md?p=8) under this section shall—
  - (1) be payable to the [Secretary](/usc/38/4101.md?p=8) upon such terms and conditions as are prescribed in regulations pursuant to this subchapter; and
  - (2) bear interest at a rate of one percent.
- (e) **Oversight.—** Subject to [notice](/usc/38/4303.md?p=8) and opportunity for a hearing, whenever the [Secretary](/usc/38/4101.md?p=8) finds with respect to loans made under subsection [(a)](#a) or [(c)](#c) that any [Native community development financial institution](/usc/38/3765.md?p=8) has failed to maintain adequate loan accounting records, to demonstrate proper ability to service loans adequately, or to exercise proper credit judgment, or that such [Native community development financial institution](/usc/38/3765.md?p=8) has willfully or negligently engaged in practices otherwise detrimental to the interest of [veterans](/usc/38/3701.md?p=b-2) or of the Government, the [Secretary](/usc/38/4101.md?p=8) may take such actions as the [Secretary](/usc/38/4101.md?p=8) determines necessary to protect [veterans](/usc/38/3701.md?p=b-2) or the Government, such as requiring immediate repayment of any loans made under [subsection (a)](#a) and the assignment to the [Secretary](/usc/38/4101.md?p=8) of loans made under [subsection (c)](#c).
- (f) **Sunset.—** The [Secretary](/usc/38/4101.md?p=8) may not make a loan under this section after September 30, 2027.

## Source credit

(Added Pub. L. 118–210, title II, § 232(a), Jan. 2, 2025, 138 Stat. 2787.)