38 CFR 36.4311 : Pensions, Bonuses, And Veterans' Relief (§ 0.600 To Parts 201-299) — (§ 18.1 To Parts 201-299) — Department Of Veterans Affairs (Continued) (§ 18.1 To Parts 78-199) — Loan Guaranty (§ 36.4201 To Appendix A To Part 36) — Guaranty Or Insurance Of Loans To Veterans With Electronic Reporting (§ 36.4300 To § 36.4393) — Prepayment.

4 Aug 2016

The debtor shall have the right to prepay at any time, without premium or fee, the entire indebtedness or any part thereof not less than the amount of one installment, or $100, whichever is less. Any prepayment in full of the indebtedness shall be credited on the date received, and no interest may be charged thereafter. Any partial prepayment made on other than an installment due date need not be credited until the next following installment due date or 30 days after such prepayment, whichever is earlier. The holder and the debtor may agree at any time that any prepayment not previously applied in satisfaction of matured installments shall be reapplied for the purpose of curing or preventing any subsequent default.

(Authority: 38 U.S.C. 3703(d))
38 CFR 36.4311