[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: 38CFR11.125]

[Page 546-547]
 
            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.  11.125  Settlement of matured adjusted service certificates.

    Where an application for final settlement of an adjusted service 
certificate is received in the Department of Veterans Affairs subsequent 
to the date of maturity of the certificate, payment will be made under 
the terms of the World War Adjusted Compensation Act, as amended. This 
Act provides for payment of the face value of the certificate less any 
outstanding indebtedness for loans obtained on the certificate; however, 
interest accrued on the loans subsequent to September 30, 1931, and

[[Page 547]]

unpaid will be canceled insofar as the veteran is concerned.