[Code of Federal Regulations]
[Title 38, Volume 2]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR36.4287]

[Page 592]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
          CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS (CONTINUED)
 
PART 36--LOAN GUARANTY--Table of Contents
 
Sec. 36.4287  Substitution of trustees.

    In jurisdictions in which valid, any deed of trust or mortgage 
securing a guaranteed loan, if it names trustees or confers a power of 
sale otherwise, shall contain a provision empowering any holder of the 
indebtedness to appoint substitute trustees or other person with such 
power to sell, who shall succeed to all the rights, powers, and duties 
of the trustees, or other person, originally designated.

               Guaranty or Insurance of Loans to Veterans

    Authority: Sections 36.4300 through 36.4375 issued under 38 U.S.C. 
101, 501, 3701-3704, 3710, 3712-3714, 3720, 3729, 3732, unless otherwise 
noted.
    Note: Those requirements, conditions, or limitations which are 
expressly set forth in 38 U.S.C. chapter 37 are not restated in these 
regulations and must be taken into consideration in conjunction with 
Secs. 36.4300 to 36.4393 of this part, inclusive.

[53 FR 1350, Jan. 19, 1988]