Editorial Notes
References in TextThe date of the enactment of this section, referred to in subsec. (d)(2), is the date of enactment of Puspan. L. 115–174, which was approved May 24, 2018.
Amendments2019—Subsec. (c). Puspan. L. 116–33 substituted “is a refinance” for “is refinanced” in introductory provisions, added pars. (1) and (2), and struck out former pars. (1) and (2) which read as follows:
“(1) the date that is 210 days after the date on which the first monthly payment is made on the loan; and
“(2) the date on which the sixth monthly payment is made on the loan.”
Statutory Notes and Related Subsidiaries
RegulationsPuspan. L. 115–174, title III, § 309(a)(2), May 24, 2018, 132 Stat. 1349, provided that:“(A)In general.—In prescribing any regulation to carry out section 3709 of title 38, United States Code, as added by paragraph (1), the Secretary of Veterans Affairs may waive the requirements of sections 551 through 559 of title 5, United States Code, if—“(i) the Secretary determines that urgent or compelling circumstances make compliance with such requirements impracticable or contrary to the public interest;
“(ii) the Secretary submits to the Committee on Veterans’ Affairs of the Senate and the Committee on Veterans’ Affairs of the House of Representatives, and publishes in the Federal Register, notice of such waiver, including a description of the determination made under clause (i); and
“(iii) a period of 10 days elapses following the notification under clause (ii).
“(B)Public notice and comment.—If a regulation prescribed pursuant to a waiver made under subparagraph (A) is in effect for a period exceeding 1 year, the Secretary shall provide the public an opportunity for notice and comment regarding such regulation.
“(C)Effective date.—This paragraph shall take effect on the date of the enactment of this Act [May 24, 2018].
“(D)Termination date.—The authorities under this paragraph shall terminate on the date that is 1 year after the date of the enactment of this Act.”
Construction of 2019 AmendmentAmendment by Puspan. L. 116–33 not to be construed to restrict or otherwise modify the authorities of the Government National Mortgage Association, see section 2(c) of Puspan. L. 116–33, set out as a note under section 1721 of Title 12, Banks and Banking.
