### Question
How does ADMINISTRATIVE PROVISIONS define defaulted loan?


### Answer
Under *38 U.S.C. § 3732*, **defaulted loan** is defined as:

> a loan that is guaranteed under this chapter, that was made for a purpose described in section 3710(a) of this title, and that is in default

#### Citation:
  - *38 U.S.C. § 3732*
  - Heading: **PART III-READJUSTMENT AND RELATED BENEFITS > CHAPTER 37-HOUSING AND SMALL BUSINESS LOANS > SUBCHAPTER III-ADMINISTRATIVE PROVISIONS**

