25 U.S.C. § 1463 — Repayment of loan; financing from other sources
submitted 52 years ago by Pub. L. 93-262 to r/title-25-INDIANS · 43 words · no verdicts yet
The Secretary may make a loan only when repayment is reasonably likely and the applicant cannot obtain financing elsewhere on reasonable terms.
The Secretary* may make a loan only when repayment is reasonably likely and the applicant cannot obtain financing from another source on reasonable terms and conditions.
Loans may be made only when, in the judgment of the Secretary*, there is a reasonable prospect of repayment, and only to applicants who in the opinion of the Secretary are unable to obtain financing from other sources on reasonable terms and conditions.
Source credit: (Pub. L. 93–262, title I, § 103, Apr. 12, 1974, 88 Stat. 78.)
- 1974Enacted · Pub. L. 93-262 · 88 Stat. 78
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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