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Show VETERANS! Here's Your Answer QUESTION: If a veteran sells his home obtained under the GI Loan and obtains a release re-lease of liability from the VA will he be eligible for another GI Loan at his new location. ANSWER: No. The granting of a release of liability by the VA does not make the veteran veter-an eligible for restoration of his loan entitlement. This can be done only by having the lender release the VA as guarantor of the loan. This is usually accomplished by requiring re-quiring the new buyer to obtain ob-tain his own financing on the home, thereby paying off the existing GI loan, QUESTION: I am a veteran of wartime service and need a physical checkup. Will VA doctors give me one? ANSWER: No. The VA pro-vides pro-vides free medical or physical examinations, as necessary, only: to determine whether a condition is service-connected; when needed for Government Life Insurance purposes or, when application is made for hospital or domiciliary care. QUESTION: Must the designation desig-nation of the beneficiary for a veteran's GI insurance policy be witnessed? ANSWER: Not usually, but it is a good idea, The witness should not bo the beneficiary. If the veteran Is blind or signs by mark (X), two disinterested dis-interested persons should wit. ness. |