38 U.S.C. § 3747

Eligible financial institutions

The Secretary may not guarantee under this subchapter a loan made by an entity not subject to examination and supervision by an agency of the United States or of a State.

(Added Pub. L. 97–72, title III, § 302(a) , Nov. 3, 1981 , 95 Stat. 1058 , § 1847; amended Pub. L. 101–237, title III, § 313(b)(1) , Dec. 18, 1989 , 103 Stat. 2077 ; renumbered § 3747, Pub. L. 102–83, § 5(a) , Aug. 6, 1991 , 105 Stat. 406 .)