### Question
How is the "initial loan" defined?


### Answer
The term **initial loan** is defined in *38 U.S.C. § 3729* as follows -

> a loan to a veteran guaranteed under section 3710 or made under section 3711 of this title if the veteran has never obtained a loan guaranteed under section 3710 or made under section 3711 of this title

#### Citation:
  - *38 U.S.C. § 3729*
  - Heading: **PART III-READJUSTMENT AND RELATED BENEFITS > CHAPTER 37-HOUSING AND SMALL BUSINESS LOANS > SUBCHAPTER III-ADMINISTRATIVE PROVISIONS**

