38 C.F.R. § 36.4703 Exemptions.
Title 38 - Pensions, Bonuses, and Veterans' Relief
The flood insurance requirement prescribed by 38 CFR 36.4702 does not apply with respect to: (a) Any State-owned property covered under a policy of self-insurance satisfactory to the Director of FEMA, who publishes and periodically revises the list of States falling within this exemption; or (b) Property securing any loan with an original principal balance of $5,000 or less and a repayment term of one year or less. (Authority: 42 U.S.C. 4012a(c)) [62 FR 5533, Feb. 6, 1997]
Title 38: Pensions, Bonuses, and Veterans' Relief
PART 36—LOAN GUARANTY
Sale of Loans, Guarantee of Payment
§ 36.4703 Exemptions.
