### Question
How does the law define initial loan?


### Answer
Under *38 U.S.C. § 3729*, **initial loan** is defined as:

> 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**

