106 STAT. 3638 PUBLIC LAW 102-547—OCT. 28, 1992 "(c)(l)(A) Except as provided in subparagraph (B), the principal amount of any direct housing loan made to a Native American under this section may not exceed $80,000. "(B) The Secretary may make loans exceeding the amount specified in subparagraph (A) in a geographic area if the Secretary determines that housing costs in the area are significantly higher than average housing costs nationwide. The amount of such increase shall be the amount that the Secretary determines is necessary in order to carry out the pilot program under this subchapter in a manner that demonstrates the advisability of making direct housing loans to Native American veterans who are located in a variety of geographic areas and in geographic areas experiencing a variety of economic conditions. (2) Loans made under this section shall bear interest at a rate determined by the Secretary, which rate may not exceed the appropriate rate authorized for guaranteed loans under section 3703(c)(l) or section 3712(f) of this title, and shall be subject to such requirements or limitations prescribed for loans guaranteed under this title as the Secretary may prescribe. "(3) Notwithstanding section 3704(a) of this title, the Secretary shall establish minimum requirements for planning, construction, improvement, and general acceptability relating to any direct loan made under this section. " (d)(1) The Secretary shall establish credit underwriting standards to be used in evaluating loans made under this subchapter. ^ In establishing such standards, the Secretary shall take into account the purpose of this program to make available housing to Native American veterans living on trust lands. "(2) The Secretary shall determine the reasonable value of the interest in property that will serve as security for a loan / made under this section and shall establish procedures for appraisals upon which the Secretary may base such determinations. The procedures shall incorporate generally the relevant requirements of section 3731 of this title, unless the Secretary determines that such reqmrements are impracticable to implement in a geographic area, on particular trust lands, or under circumstances specified by the Secretary. "(e) Loans made under this section shall be repaid in monthly installments. "(f) In connection with any loan under this section, the Secretary may make advances in cash to provide for repairs, alterations, and improvements and to meet incidental expenses of the loan transaction. The Secretary shall determine the amount of any expenses incident to the origination of loans made under this section, which expenses, or a reasonable flat allowance in lieu thereof, shall be paid by the veteran in addition to the loan closing costs. "(g) Without regard to any provision of this chapter (other than a provision of this section), the Secretary may— "(1) take any action that the Secretary determines to be necessary with respect to the custody, management, protection, and realization or sale of investments under this section; (2) determine any necessary expenses and expenditures and the manner in which such expenses and expenditures shall be incurred, allowed, and paid;
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