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

submitted 55 years ago by Pub. L. 92-70 to r/title-15-COMMERCE-AND-TRADE · 47 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.

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

history & why it existsrecord from the source credit
  • 1971Enacted · Pub. L. 92-70 · 85 Stat. 179

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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