LOAN FEES.

SEC. 12007. LOAN FEES. (a) Increase in Home Loan Fees.— Subsection (a) of section 3729 of title 38, United States Code, is amended— (1) by striking out paragraph (6); and (2) by inserting after paragraph (3) the following: “(4) With respect to a loan closed after September 30, 1993, and before October 1, 1998, for which a fee is collected under paragraph (1), the amount of such fee, as computed under paragraph (2), shall be increased by 0.75 percent of the total loan 107 STAT. 415amount other than in the case of a loan described in subparagraph (A), (D)(ii), or (E) of paragraph (2).”. (b) Fee for Multiple Use of Housing Assistance.— Subsection (a) of such section, as amended by subsection (a) of this section, is amended by adding at the end the following: “(5) (A) Except as provided in subparagraph (B) of this paragraph, notwithstanding paragraphs (2) and (4) of this subsection, after a veteran has obtained an initial loan pursuant to section 3710 of this title, the amount of such fee with respect to any additional loan obtained under this chapter by such veteran shall be 3 percent of the total loan amount. “(B) Subparagraph (A) of this paragraph does not apply with respect to (i) a loan obtained by a veteran with a downpayment described in paragraph (2)(B), (2)(C), or (2)(D)(iii) of this subsection, and (ii) loans described in paragraph (2)(E) of this subsection. “(C) This paragraph applies with respect to a loan closed after September 30, 1993, and before October 1, 1998.”. (c) Conforming Amendment.— Paragraph (2) of subsection (a) of such section is amended by striking out “paragraph (6)” and inserting in lieu thereof “paragraphs (4) and (5)”.