15 U.S.C. § 1844 — Security for loan guarantees

FEDERAL · 15 U.S.C. · Chapter 45

Security for loan guarantees

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 45 — EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

In negotiating a loan guarantee under this chapter, the Board shall make every effort to arrange that the payment of the principal of and interest on any plan guaranteed shall be secured by sufficient property of the enterprise to collateralize fully the amount of the loan guarantee.

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History

(Pub. L. 92–70, §5, Aug. 9, 1971, 85 Stat. 179.)