12 U.S.C. § 635m — Loans, guarantees, and insurance subject to the provisions of this chapter
submitted 58 years ago by Pub. L. 90-390 to r/title-12-BANKS-AND-BANKING · 91 words · no verdicts yet
This section preserves the Bank’s powers under subchapter I. It also applies subchapter I and the Bank’s related policies to loans, guarantees, and insurance under this subchapter, except for the repayment-assurance standard in section 635(b)(1).
Nothing in this subchapter limits the Bank’s powers under subchapter I of this chapter. Except for the reasonable-assurance-of-repayment standard required by section 635(b)(1), every loan, guarantee, and insurance arrangement made under this subchapter is subject to subchapter I and to the Bank’s policies. Those policies concern repayment terms, interest rates, fees, and premiums for loans, guarantees, and insurance made under subchapter I.
Nothing in this subchapter shall be construed as a limitation on the powers of the Bank under subchapter I of this chapter; and except as to the standard of reasonable assurance of repayment required under section 635(b)(1) of this title, all loans, guarantees, and insurance extended hereunder shall be subject to the provisions of subchapter I of this chapter and to the policies of the Bank with respect to terms of repayment, interest rates, fees, and premiums applicable to loans, guarantees, and insurance extended under subchapter I of this chapter.
Source credit: (Pub. L. 90–390, § 4, July 7, 1968, 82 Stat. 297.)
- 1968Enacted · Pub. L. 90-390 · 82 Stat. 297
A history note hasn’t been published yet. The record shows enactment by Pub. L. 90-390 on 1968-07-07.
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