15 USC 1844: Security for loan guarantees
Text contains those laws in effect on November 20, 2024
From Title 15-COMMERCE AND TRADECHAPTER 45-EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES
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§1844. Security for loan guarantees
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.