38 U.S. Code § 5301. Nonassignability and exempt status of benefits
The Electronic Funds Transfers Act, referred to in subsec. (a)(3)(B), probably means the Electronic Funds Transfer Act, title IX of Pub. L. 90–321, as added by Pub. L. 95–630, title XX, § 2001, Nov. 10, 1978, 92 Stat. 3728, as amended, which is classified generally to subchapter VI (§ 1693 et seq.) of chapter 41 of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see Short Title note set out under section 1601 of Title 15 and Tables.
2003—Subsec. (a). Pub. L. 108–183 inserted “(1)” after “(a)”, designated last sentence as par. (2), and added par. (3).
Subsec. (c)(4). Pub. L. 102–86 inserted before period at end “or to the Retired Pay Account of the Coast Guard, as appropriate”.
Pub. L. 102–40, § 402(d)(1), substituted “5305” for “3105”.
1986—Subsec. (a). Pub. L. 99–576, § 701(68)(A), substituted “a” for “his or her” before “benefit check”.
Subsec. (b). Pub. L. 99–576, § 701(68)(B), substituted “the beneficiary’s” for “his” in four places in first sentence.
Subsec. (c). Pub. L. 99–576, § 504(2), added subsec. (c). Former subsec. (c) redesignated (d).
Subsecs. (d), (e). Pub. L. 99–576, § 504(1), redesignated former subsecs. (c) and (d) as (d) and (e), respectively.
1978—Subsec. (d). Pub. L. 95–479 added subsec. (d).
1976—Subsec. (a). Pub. L. 94–502 inserted provision which prohibits, as an assignment, a payee of an educational assistance allowance from designating an attorney-in-fact’s address as the payee’s address for the purpose of receiving checks and benefits where the attorney-in-fact has also been given authority to negotiate the checks and benefits.
For transfer of authorities, functions, personnel, and assets of the Coast Guard, including the authorities and functions of the Secretary of Transportation relating thereto, to the Department of Homeland Security, and for treatment of related references, see sections 468(b), 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.
Pub. L. 95–202, title III, § 305(c), Nov. 23, 1977, 91 Stat. 1444, provided that Administrator could provide equitable relief to educational institutions and accredited correspondence schools which were in possession of a veteran’s or eligible person’s benefit check payable to the veteran or person and mailed to the institution or school for certain courses or lessons completed by the veteran or person at the institution or school before certain dates in 1977 and which were holding a power of attorney executed by the veteran or person before Dec. 1, 1976, authorizing negotiation of the check.