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APPENDIX 
(2) The loan basis of any certificate at any time shall, 
for the purpose of this section, be an amount which is 
ot in excess of 90 per centum of the reserve value of the 
certificate on the last day of the current certificate year. 
The reserve value of a certificate on the last day of any 
Certificate year shall be the full reserve required on such 
certificate, based on an annual level net premium for 
twenty years and calculated in accordance with the 
American Experience Table of Mortality and interest 
it 4 per centum per annum, compounded annually. 
(h) No payment upon any note shall be made under 
this section by the Director to any bank, unless the note 
When presented to him is accompanied by an affidavit 
Made by an officer of the bank which made the loan, 
before a notary public or other officer designated for the 
Purpose by regulation of the Director, and stating that 
such bank has not charged or collected, or attempted to 
charge or collect, directly or indirectly, any fee or other 
Compensation (except interest as authorized by this 
Section) in respect of any loan made under this section 
by the bank to a veteran. Any bank which, or director, 
officer, or employee thereof who, does so charge, collect, 
or attempt to charge or collect any such fee or compen- 
Sation, shall be liable to the veteran for a penalty of $100, 
to be recovered in a civil suit brought by the veteran. 
The Director shall upon request of any bank or veteran 
furnish a blank form for such affidavit. 
_ (i) The Director of the United States Veterans’ Bureau 
Is authorized, through such officers and at such regional 
offices, suboffices, and hospitals of the United States 
Veterans’ Bureau as he may designate, and out of the 
United States Government life insurance fund established 
by section 17 of the World War Veterans’ Act, 1924, as 
amended, to make loans to veterans upon their adjusted 
service certificates in the same amounts and upon the 
same terms and conditions as are applicable in the case 
of loans made under this section by a bank, and the pro- 
visions of this section shall be applicable to such loans; 
except that the rate of interest shall be 2 per centum per 
annum more than the rate charged at the date of the 
loan for the discount of ninety-day commercial paper 
under section 13 of the Federal Reserve Act by the Fed- 
eral reserve bank for the Federal reserve district in which 
18 located the regional office, suboffice, or hospital of the 
101