38 CFR § 36.4502 - Use of guaranty entitlement.
---
identifier: "/us/cfr/t38/s36.4502"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "38 CFR § 36.4502 - Use of guaranty entitlement."
title_number: 38
title_name: "Pensions, Bonuses, and Veterans' Relief"
section_number: "36.4502"
section_name: "Use of guaranty entitlement."
chapter_name: "DEPARTMENT OF VETERANS AFFAIRS"
part_number: "36"
part_name: "LOAN GUARANTY"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "38 U.S.C. 501 and 3720."
cfr_part: "36"
---
# 36.4502 Use of guaranty entitlement.
The guaranty entitlement of the veteran obtaining a direct loan which is closed on or after February 1, 1988, shall be charged with the lessor of the loan amount or an amount which bears the same ratio to $36,000 as the amount of the loan bears to $33,000. The charge against entitlement of a veteran who obtained a direct loan which was closed prior to the aforesaid date, shall be the amount which would have been charged had the loan been closed subsequent to such date.
(Authority: 38 U.S.C. 3711(d)(2)(A))
[55 FR 40657, Oct. 4, 1990]