basic loan guaranty program

basic loan guaranty program Sec. 103. (a) Subsection (a)(1) of section 1803 is amended by striking out “World War II or Korean conflict veteran” and inserting in lieu thereof “veteran eligible for benefits under this chapter”. (b) Subsection (c) of such section is amended— (1) by adding at the end of paragraph (1) the following new sentence: “In establishing rates of interest under this paragraph for one or more of the purposes described in clauses (4) and (7) of section 1810(a) of this title, the Administrator may establish a rate or rates higher than the rate specified for other purposes under such section, but any such rate may not exceed such rate as the Administrator may from time to time find the loan market demands for loans for such purposes.”; and (2) by striking out “section 1810(a)(4)” in paragraph (3)(B) and inserting in lieu thereof “clauses (4) and (7) of section 1810 (a) of this title”.