FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER II—SMALL BUSINESS CAPITAL ENHANCEMENT
Participation agreements
12 U.S.C. § 4744
Title12 — Banks and Banking
ChapterSUBCHAPTER II—SMALL BUSINESS CAPITAL ENHANCEMENT
This text of 12 U.S.C. § 4744 (Participation agreements) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 4744.
Text
(a)In general
A participating State may enter into a participation agreement with any financial institution determined by the participating State, after consultation with the appropriate Federal banking agency, to have sufficient commercial lending experience and financial and managerial capacity to participate in the Program. The determination by the State shall not be reviewable by the Fund.
(b)Participating financial institutions
Upon entering into the participation agreement with the participating State, the financial institution shall become a participating financial institution eligible to enroll loans under the Program.
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History
(Pub. L. 103–325, title II, §254, Sept. 23, 1994, 108 Stat. 2207.)
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Bluebook (online)
12 U.S.C. § 4744, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/4744.