power of administrator to examine loans

power of administrator to examine loans Sec. 302. Section 500 of the Servicemen’s Readjustment Act of 1944, as amended, is amended by adding at the end thereof the following new subsection: “(f) Notwithstanding the provisions in this title respecting automatically guaranteed loans, the Administrator may at any time upon thirty days’ notice require loans to be made by any lender or class of lenders to be submitted for prior approval, and no guaranty or insurance liability shall exist in respect to such loans unless evidence of guaranty or insurance is issued by the Administrator.”