[Code of Federal Regulations]
[Title 38, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR11.109]

[Page 544-545]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 11_LOANS BY BANKS ON AND PAYMENT OF ADJUSTED SERVICE 
 
Sec.  11.109  Settlement of unmatured adjusted service certificates.

    Where an application for final settlement of an adjusted service 
certificate is received in the Department of Veterans Affairs prior to 
the maturity date of the certificate, payment will be made under the 
terms of the Adjusted Compensation Payment Act, 1936. This act provides 
for payment of the amount due on the certificate, after deducting any 
unpaid loans with interest through September 30, 1931, in adjusted 
service bonds. These bonds will be issued by the Treasury Department in 
denominations of $50, in the name of the veteran only, and will bear 
interest at the rate of 3 percent per annum from

[[Page 545]]

June 15, 1936, to June 15, 1945. Any excess amount not sufficient to 
purchase a $50 bond will be paid by check.

[19 FR 5087, Aug. 12, 1954]