15 U.S.C. § 1842 — Authority for loan guarantees; terms and conditions
submitted 55 years ago by Pub. L. 92-70 to r/title-15-COMMERCE-AND-TRADE · 34 words · no verdicts yet
The Board may guarantee lenders against losing principal or interest on qualifying loans. It may set the terms and conditions.
On terms and conditions the Board considers appropriate, the Board may guarantee, or promise to guarantee, lenders against loss of principal or interest on loans that meet this chapter’s requirements.
The Board, on such terms and conditions as it deems appropriate, may guarantee, or make commitments to guarantee, lenders against loss of principal or interest on loans that meet the requirements of this chapter.
Source credit: (Pub. L. 92–70, § 3, Aug. 9, 1971, 85 Stat. 178.)
- 1971Enacted · Pub. L. 92-70 · 85 Stat. 178
A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-70 on 1971-08-09.
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