{"data":{"id":"us/38-u.s.c.-1961","jurisdiction":"us","citation":"38 U.S.C. § 1961","heading":"Authority for higher interest rates for amounts payable to beneficiaries","body":"Notwithstanding section 1944(b) of this title, if the beneficiary of an insurance policy issued under the provisions of this subchapter receives the proceeds of such policy under a settlement option under which such proceeds are paid in equal monthly installments over a limited period of months, the interest that may be added to each such installment may be at a rate that is higher than the interest rate prescribed in such section. The Secretary may from time to time establish a higher interest rate under the preceding sentence only in accordance with a determination that such higher rate is administratively and actuarially sound. Any such higher interest rate shall be paid on the unpaid balance of such monthly installments.","path":["Title 38—VETERANS’ BENEFITS","CHAPTER 19—INSURANCE"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc38@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:59:35Z","sha256":"9e76c106a6d78d6ab7256a0a9cc36d8f96b9a09d8a548ee970817ed4245144d8","source_id":"us","stale":true,"prev":"us/38-u.s.c.-1960","next":"us/38-u.s.c.-1962"},"notice":"GroundRules: Original legal text. Not legal advice."}