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25 U.S.C. § 1482Premium charges; deposits in Indian Loan Guaranty and Insurance Fund

submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 49 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires the Secretary to set premium charges for loan guarantees and insurance at levels meant to cover expenses and probable losses. The receipts must be deposited in the specified Indian loan fund.

The Secretary shall fix such premium charges for the insurance and guarantee of loans as are in his judgment adequate to cover expenses and probable losses, and deposit receipts from such charges in the Indian Loan Guaranty and Insurance Fund established pursuant to section 1497(a) of this title .
the actual law source: uscode.house.gov ↗public domain

The Secretary shall fix such premium charges for the insurance and guarantee of loans as are in his judgment adequate to cover expenses and probable losses, and deposit receipts from such charges in the Indian Loan Guaranty and Insurance Fund established pursuant to section 1497(a) of this title.

Source credit: (Pub. L. 93–262, title II, § 202, Apr. 12, 1974, 88 Stat. 79.)

history & why it existsrecord from the source credit
  • 1974Enacted · Pub. L. 93-262 · 88 Stat. 79

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-262 on 1974-04-12.

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