Code of Federal Regulations Title 38. Pensions, Bonuses, and Veterans' Relief § 38.21.5064 Refund upon disenrollment

(a) General. A disenrolled individual will be refunded all contributions made by him or her to the fund. He or she will be ineligible to receive benefits under §§ 21.5130 and 21.5138, unless the individual reenrolls as a participant and agrees to participate in a new period of 12 consecutive months as provided in § 21.5058. The amount of the contributions refunded upon disenrollment shall be limited to the amount of his or her contributions not utilized to receive benefits as of the date of disenrollment, less any outstanding debts resulting from overpayments of educational assistance allowance.

(b) Effective date of refund. The date upon which the refund of contributions, if any, will be made shall be determined as follows:

(2) If an individual voluntarily disenrolls from the program after discharge or release from active duty under other than dishonorable conditions, his or her contributions shall be refunded within 60 days of receipt by VA of an application for a refund from the individual.

(3) If an individual is disenrolled because he or she is discharged or released from active duty under dishonorable conditions, the individual's contributions remaining in the fund shall be refunded:

(4) If an individual is disenrolled because he or she has not utilized all of his or her entitlement to benefits within the 10–year delimiting period, the individual's contributions remaining in the fund shall be refunded.