Acquisition and Improvement Loan [Veterans' Relief] Law and Legal Definition

According to 38 CFR 36.4301 [Title 38 -- Pensions, Bonuses, and Veterans' Relief; Chapter I -- Department of Veterans Affairs; Part 36 -- Loan Guaranty; Subpart B -- Guaranty or Insurance of Loans to Veterans With Electronic Reporting], acquisition and improvement loan is “a loan to purchase an existing property which includes additional funds for the purpose of installing energy conservation improvements or making other alterations, improvements, or repairs.”